Monthly Archives: August 2021
Griffin’s Citadel plans to redeem $500 mln from Melvin Capital – WSJ
(US NEWS) Kenneth Griffin’s Citadel LLC and Citadel partners are planning to redeem about $500 million of the $2 billion they invested in Melvin Capital. Together with Steven A. Cohen’s Point72 Asset Management, Griffin’s Citadel had invested $2.75 billion in […]
Bitcoin tops $50,000, hitting a more than 3-month high
(CNBC) Bitcoin hit $50,000 on Sunday to reach a more than 3-month high, as the cryptocurrency continues to rebound. The digital coin rose above that level around 10:40 p.m. ET on Sunday, according to data from CoinDesk. To read this […]
Stock futures are flat in overnight trading after a losing week
(CNBC) Stock futures were flat in overnight trading on Sunday after volatile week on Wall Street as investors eye a key event where the Federal Reserve could hint at prospects for tapering stimulus. Futures tied to the Dow Jones Industrial […]
Fed officials will seek to avoid a tantrum as they keep ‘taper talk’ going at key summit
(CNBC) The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers meet virtually for a key annual summit. Rather than convening amid the backdrop of the Grand […]
Fed’s Jackson Hole symposium to take place virtually due to Covid risk
(CNBC) The Federal Reserve’s annual Jackson Hole, Wyo., symposium will take place virtually this year due to Covid risks, the Kansas City Fed announced Friday. “While we are disappointed that health conditions will prevent us from being able to gather […]
Sellers continue to utilize secondaries as a portfolio management tool
(Opalesque) The private equity secondary market continues to grow and remain active with over 1,100 potential sellers and 1,450 potential buyers, revealed a study. According to Preqin Secondary Market Update H1 2021, while potential sellers of fund stakes are varied, […]
SEC Charges Netflix Insider Trading Ring
(HedgeCo.Net) The Securities and Exchange Commission has announced insider trading charges against three former Netflix Inc. software engineers and two close associates who generated over $3 million in total profits by trading on confidential information about Netflix’s subscriber growth. According […]
Ackman says recent lawsuit could have a “chilling effect” on SPAC industry
(Reuters) Billionaire investor William Ackman said on Thursday he would pursue changes to his blank-check acquisition company Pershing Square Tontine Holdings Ltd to address “the overhang” of a lawsuit filed against it this week. To read this article:
Activist hedge fund Starboard hires analyst from BlackRock’s stewardship team
(Reuters) Activist investor Starboard Value LP poached an analyst from asset manager BlackRock’s investment stewardship team, which exerts great influence on issues such as climate change and board makeup that often are critical to the hedge fund’s campaigns, two sources […]
Jobless claims hit new pandemic-era low in a sign of hope for the employment picture
(CNBC) First-time filings for unemployment insurance hit a pandemic-era low last week, a sign that the jobs market is improving heading into the fall despite worries over the delta Covid variant. To read this article:
Charles Schwab to give most employees 5% raise, pushes back return to office
(CNBC) Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release that he wanted to reward employees “for […]
How virtual conferencing has optimized investor due diligence during Covid-19
(Hedgeweek) The “fluidity” of virtual conferencing has proved a “silver lining” during the pandemic, optimising allocator time during the investor due diligence process, according to new research by alternatives-focused software-as-a-service and data management company Vidrio Financial. To read this article: