Monthly Archives: August 2021
Billion dollar hedge funds: larger funds ahead of smaller funds during turbulent July
(Opalesque) The average Billion Dollar Club (BDC) hedge fund gained 0.1% in July but could not prevent the broader HFM Global Composite Index from slipping 0.1% off the back of underperformance among sub-BDC funds. In what was a turbulent month […]
Robinhood says dogecoin accounted for 62% of crypto revenue in Q2
(CNBC) Robinhood said crypto accounted for more than half of all transaction-based sales in the second quarter, and 62% of crypto revenue came from dogecoin, a meme-inspired digital coin originally started as a joke. In its first earnings report since […]
Federal Reserve preparing for taper this year, July minutes show
(CNBC) Federal Reserve officials at their July gathering made plans to pull back the pace of their monthly bond purchases likely before the end of the year, meeting minutes released Wednesday indicated. However, the summary of the July 27-28 Federal […]
Three-way merger creates $4.3bn wealth consultancy with global reach
(Opalesque) Hong Kong wealth advisory firm The Capital Company has merged with US counterparts LeoGroup and the hybrid RIA based in Dallas BFT Financial Group to create a US$4.3 billion global wealth adviser. The new unified entity is called Leo […]
US non-profits increase allocations to hedge funds, yet private markets remain key
(Hedgeweek) Non-profits in the US are allocating more to hedge funds, yet private markets remain a favourite, according to TIFF Investment Management (TIFF), an outsourced chief investment officer (OCIO) serving the non-profit sector. To read this article:
Investment Adviser and Associates charged with Causing Violations of Regulation SHO
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Murchinson Ltd.; its principal, Marc Bistricer; and its trader, Paul Zogala (the respondents), for providing erroneous order-marking information that caused executing brokers to violate Regulation SHO. In addition, Murchinson and […]
Billionaire Hedge Fund manager William Ackman says his acquisition company does not needs to register with regulators
(Reuters) William Ackman is pushing back against a lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities. “PSTH has never held investment securities that would require it to be registered under the Act, and does […]
Treasury yields are flat after retail sales slow more than expected
(CNBC) The Census Bureau said Tuesday that retail sales fell 1.1% in June, driven largely by a drop in car sales. Economists expected retail sales to fall by 0.3% in July, compared to a revised 0.7% gain in June, according to Dow […]
CTA Hedge Funds rally in rollercoaster markets
(Hedgeweek) With CTAs and trend-following managers maintaining their positive run this year after enduring a turbulent and unpredictable 2020, the Best CTA Hedge Fund category at this year’s Hedgeweek Americas Awards will highlight how such strategies are successfully positioning for […]
Digital currency fund benefits from high bitcoin weighing in July
(Opalesque) July was a positive month for the digital currency market with bitcoin (BTC) rising +20% and Ethereum (ETH) posting a +11.29% increase that month, according to coinmarketcap.com. The market capitalization of crypto-assets minus bitcoin showed a move of almost […]
Major hedge funds took stakes in Didi before probe announcement –
(Reuters) Well-known hedge funds made big bets on Didi Global Inc, which went public in June just before Chinese regulators announced a probe of the ride-hailing company and its share price plummeted, new filings showed. To read this article:
SEC Obtains Emergency Relief, Charges Two Florida Companies with Operating a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral […]