Monthly Archives: May 2021
U.S. proposes global minimum corporate tax rate of 15%, with an eye on something even higher
(CNBC) Corporations around the world should pay at least a 15% tax on their earnings, the Treasury Department said Thursday as part of its push for a global minimum for businesses. The final rate could go even higher than that. […]
How “omnipresent” client conferencing is a game-changer for hedge fund manager-investor relationships
Hedgeweek) The increased frequency of client communications during the pandemic has been a “game-changer” for the hedge fund manager-allocator dynamic, according to speakers on the fundraising and investor relations panel at this year’s hedgeweekLIVE Technology Summit. To read this article:
Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000
(CNBC) The flagship cryptocurrency fell to more than three-month lows on Wednesday, dropping to about $30,000 at one point for a pullback of more than 30% and continuing a week of selling in the crypto space. Ether, the main coin […]
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
(CNBC) Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. To read this article:
Global deals nosedives by 15.2% to 4,720 in April 2021
(CNBC) Global deal activity declined by 15.2% in April 2021, said a study. A total of 4,720 deals (comprising mergers & acquisitions, private equity, and venture financing) were announced globally during April 2021, which is a decline of 15.2% over […]
Credit Suisse says stocks appear poised for a ‘deeper correction’
(CNBC) Stocks around the world are consolidating and there could be more losses ahead, says Credit Suisse’s Ray Farris. The data is becoming “much choppier” as global growth momentum approaches a peak. “We’re probably going into a deeper correction in […]
A 10% correction could grip stocks through summer, Canaccord’s Tony Dwyer warns
(CNBC) It may be too early to look for bargains in the market. According to Canaccord Genuity’s Tony Dwyer, stocks are likely in the midst of a 10% downturn that could last months and hurt the reopening trade. To read […]
SEC Charges Additional Unregistered Broker Who Sold $10.8 Million in 1 Global Securities to Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an additional individual in connection with its ongoing investigation related to 1 Global Capital, LLC, a South Florida merchant cash advance company. The SEC previously charged 1 Global, its owner, […]
Cryptocurrencies are close to reaching a big milestone versus gold
(CNBC) Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 […]
Investor Inflows hit $9 Billion as Hedge Funds See Trade Volumes Surge
(Hedgeweek)Event driven strategies topped the hedge fund performance chart during the first three months of the year, as the industry drew some $9 billion in new capital in Q1 and saw trading volumes surge, new analysis by hedge fund asset […]
Hedge funds up 2.14 per cent in April, says Backstop Barclay Hedge
(Hedgeweek) The hedge fund industry added to its gains in April, returning 2.14 per cent as the industry posted a sixth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop […]
Emerging markets hedge fund Pembroke unveils UCITS strategy
(Hedgeweek) London-based global long/short equity hedge fund Pembroke Emerging Markets is rolling out a UCITS version of its Cayman strategy to tap into growing investor demand for uncorrelated emerging markets exposure. To read this article:
