Monthly Archives: May 2021
Archegos collapse shows what can happen when leverage is misapplied
(Hedgeweek) Now that the considerable cloud of dust has settled following the collapse of Bill Hwang’s family office, Archegos Capital Management, one is able to assess the damage inflicted. To read this article:
Bitcoin, ethereum see strong inflows in latest week – CoinShares data
(Hedgeweek) Bitcoin and ethereum, the two largest cryptocurrencies in terms of market capitalization, posted strong inflows last week that saw investments in the sector hit $489 million, the largest since February, CoinShares weekly data showed on Tuesday. To read this […]
Texan Charged with Defrauding Investors out of $17-Million
(HedgeCo.Net) The Securities and Exchange Commission has charged a North Texas resident with defrauding more than 50 investors out of more than $17 million dollars. The SEC’s complaint alleges that Richard Randall and his recently deceased associate engaged in a […]
BlackRock’s bond boss, overseeing trillions, says ‘every client’ is worried about inflation
(CNBC) BlackRock’s Rick Rieder told CNBC on Tuesday he frequently has discussions about whether the U.S. economy will run too hot, too fast in its recovery from the coronavirus pandemic. “Listen, every client call I’m on including the one I just […]
Yellen says U.S. pushing to end global ‘race to the bottom’ on corporate taxes
(CNBC) The U.S. is taking a two-pronged approach toward its goal of implementing a worldwide minimum tax for corporations as it progresses through negotiations with a global consortium, Treasury Secretary Janet Yellen said Tuesday. To read this article:
Hedge funds can combat inflation surge as economies begin to unlock, says K2 Advisors
(Hedgeweek) As global economies prepare to unlock, potentially driving up inflation and interest rates, hedge funds’ low sensitivity to rate moves can help bolster investors’ portfolio performance, says K2 Advisors, the hedge fund investing unit of Franklin Templeton. To read […]
KKR earnings surge 63% on strong capital market business
(Reuters) Private-equity firm KKR & Co Inc said on Tuesday its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings. After-tax distributable earnings (DE) – the cash used for paying […]
Berkshire Hathaway faces headwinds as shareholders look to its future
(Reuters) Making money at Berkshire used to be like “shooting fish in a barrel,” Buffett’s long-time business partner Charlie Munger said at its annual meeting on Saturday. “But that’s gotten harder,” Munger added. To red this article:
Robinhood hits back at Buffett for retail trading comments
(Reuters) Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers. To read this article:
Wealthy may face up to 61% tax rate on inherited wealth under Biden plan
(CNBC) Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis and tax accountants. To read this article:
“Fruitful” opportunities ahead for macro hedge funds, but credit strategies face Q2 challenges
(Hedgeweek) Discretionary macro hedge funds can expect a “fruitful opportunity set” over the next three months thanks to continued market unpredictability, but falling default rates have soured the Q2 outlook for distressed credit strategies, according to Man FRM’s quarterly hedge […]
Fed’s Barkin sees higher inflation this year, but then a reversal in 2022
(CNBC) Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022. “I think we will see price pressure this year. You’ve got a very strong […]
