Monthly Archives: May 2021
Stock futures are flat after Dow, S&P 500 post losing week
(CNBC) U.S. stock index futures were little changed during overnight trading on Sunday, after the S&P 500 posted its second negative week in a row. Futures contracts tied to the Dow Jones Industrial Average gained 44 points. S&P 500 futures […]
Wild west’ mentality is gripping housing, stocks and crypto
(CNBC) Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “wild west” mentality among investors. To read this article:
Pandemic piles pressure onto hedge funds’ cybersecurity
(Hedgeweek) The coronavirus pandemic has brought about a sea change in hedge funds’ cybersecurity concerns, with the remote working environment pushing firms to re-evaluate how they safeguard and secure data and privacy in the cloud amid a rise in phishing […]
Private Debt Investors Doubtful of their Ability to Handle Defaults in a Post-Pandemic Downturn
(Hedgeweek) An overwhelming majority (87 per cent) of capital markets investors are pursuing direct lending strategies though almost half (47 per cent) lack confidence in their ability to manage loss recoveries which could have serious implications if corporate defaults rise […]
Workers’ wages are rising at the fastest pace in years. Companies’ profits could take a hit
(CNBC) Workers are getting higher wages, but at some point that could bite into companies’ profits. As the economy reopens, costs are climbing for everything from packaging and raw materials to shipping. In addition to these expenses, companies are also […]
SS&C GlobeOp hedge fund Forward Redemption Indicator at 2.46 per cent for May
(Hedgeweek) SS&C Technologies Holdings, Inc has announced that the SS&C GlobeOp Forward Redemption Indicator for May 2021 measured 2.46 per cent, down from 2.07 per cent in April. To read this article:
What Next for Humans in The Hedge Fund Machine Learning Revolution?
(Hedgeweek) This year’s hedgeweekLIVE Technology Summit opened with an in-depth examination of future trends in hedge fund technology, with panellists exploring how managers are ramping up their use of natural language processing, AI and machine learning tools, and improving efficiency […]
SEC Charges Broker-Dealer with Order Execution Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer BTIG, LLC with repeatedly violating the order-marking and locate provisions of Regulation SHO, which regulates the short-selling of securities. According to the SEC’s complaint, from December 2016 through July 2017, BTIG […]
Robinhood will give retail investors access to IPO shares
(CNBC) Robinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing. IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. To read this article:
Billion-Dollar Club Hedge Funds Up 6.1% YTD after a 2.5% gain in April
(Opalesque) Hedge funds managing over $1bn outperformed their sub-$1bn peers in April, aided by another surge in event-driven performance, said HFM. The billion-dollar club (BDC) hedge funds rose 2.5% last month compared to an average 2.2% gain in the sub-BDC […]
U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion risk
(CNBC) The Treasury Department on Thursday announced that it is taking steps to crack down on cryptocurrency markets and transactions, and said it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service. To […]
Dogecoin jumps after series of Elon Musk tweets fans more wild cryptocurrency trading
(CNBC) The price of dogecoin spiked on Thursday after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the volatile history of a cryptocurrency that started as a joke. The price of the digital coin was […]
