Monthly Archives: August 2023
Bitcoin trading volume is at its lowest in more than four years
(CNBC) Bitcoin’s trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market. An analysis of CryptoQuant data from both spot and derivatives exchanges shows the total […]
Goldman Sachs unloads another business acquired under CEO David Solomon
(CNBC) Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The transaction is expected to close in the fourth quarter of this year and “result in a gain” for […]
Tech IPOs are coming back — now they have to perform
(CNBC) It’s been 20 months since a notable venture-backed tech company went public in the U.S., and the chatter in Silicon Valley has centered around who will break the ice. Las week, grocery delivery startup Instacart and data and marketing […]
Private capital reached $22.6tn AUM
(Opalesque) Private capital markets have been outperforming equities, offering investors opportunities with higher yields and portfolio diversification, according to a study. According to the latest report by Global EY Private Leader, private markets have enjoyed a remarkable period of sustained […]
The US accounts for more than two-thirds of fintech funding in H1 2023
(Opalesque) The US took the lion’s share of fintech funding in H1’23, it’s US$34.9 billion in funding accounting for more than two-thirds of the US$52.4 seen globally, said a study. According to KPMG Pulse of Fintech – H1’2023, the US […]
LA-Based Media and Entertainment Co. Impact Theory Charged for Unregistered Offering of Crypto Asset Securities.
(HedgeCo.Net) The Securities and Exchange Commission has charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs). Impact Theory raised […]
CFTC Orders Texas Trading Advisor and His Company to Pay Approximately $250,000 for Fraudulent Solicitation and Failure to Register
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Peter L. Bryant of Texas and his company, Bryant Capital Trade Management Corporation (Bryant Capital), a registered Texas entity, for committing fraud while acting […]
Stock futures inch higher to kick off the final trading week of a rocky August: Live updates
(CNBC) Stock futures rose slightly to kick off the final trading week of August. Futures tied to the Dow Jones Industrial Average rose 50 points, or about 0.15%, while S&P 500 futures and Nasdaq-100 futures added 0.14% and 0.7%, respectively. […]
CTAs struggling to repeat 2022’s success
(Hedgeweek) Violent swings in asset prices coupled with rapid shifts in investor interest rate expectations have impacted commodity trading advisers (CTAs) so far in 2023, making a repeat of last year’s bumper returns from bets on prevailing global market trends, […]
Evergrande shares plunge as much as 87% as trading resumes after 17 months
(CNBC) Shares of the world’s most indebted property developer China Evergrande Group plunged as much as 87% on its open on Monday, trading for the first time since March 21, 2022. Shares fell to as low as 22 Hong Kong […]
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
(CNBC) While acknowledging that progress has been made and saying the Fed will be careful in where it goes from here, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will […]
Managed futures back in favour with investors
(Hedgeweek) Managed futures bagged another $2.08bn of net inflows in July to cement their position as the most popular hedge fund strategy so far this year, according to the Latest Nasdaq eVestment Hedge Fund Industry Asset Flows Report. To read […]
