Monthly Archives: August 2021
Hedge fund industry’s AUM swells to a staggering $4.32tn in June
(Opalesque) Investors diverted an additional $16.6 billion to hedge funds in June. The month’s inflows represented 0.4% of assets and continued an inflow trend that saw $36 billion in new assets in May, $23.3 billion in April and $19.1 billion […]
S&P 500 doubles from its pandemic bottom, marking the fastest bull market rally since WWII
(CNBC) Here’s a market milestone to encapsulate how stunning the recovery rally has been: The S&P 500 just doubled its level from its pandemic closing low. To read this article:
Retail sales likely dipped in July as consumers held off on purchases amid Covid delta worries
(CNBC) Retail sales were expected to have fallen off in July, as consumers reacted to the delta variant of Covid and held off on online and vehicle purchases. Economists expect retail sales fell by 0.3% in July, compared to a […]
Fed’s Eric Rosengren backs tapering in the fall but no rate hikes until job market improves
(CNBC) Boston Federal Reserve President Eric Rosengren said Monday he would be prepared to start rolling back some of the central bank’s easy monetary policy this fall but isn’t ready yet to start thinking about raising interest rates. To read […]
Buffett’s Berkshire pares drug holdings, sheds Axalta, Biogen
(Reuters) In the second quarter, Berkshire said it exited a $180 million stake in Biogen Inc and reduced investments in Abbvie Inc, Bristol-Myers Squibb Co and Merck. It also shed a $411 million stake in paint maker Axalta Coating Systems […]
Tax rules for cryptocurrency investors are changing: ‘It’s the Wild West,’ says crypto expert
(CNBC) “It’s the Wild West right now,” says Zak Killermann, cryptocurrency publisher for personal finance site Finder.com. “Regulators are still figuring things out, so it’s important for investors to stay informed. Things can change really quickly.” The Senate recently greenlit […]
Court Order Issued to Stop Investment Adviser’s Alleged Ongoing Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has issued an emergency action against Martin A. Ruiz of New York, and two entities he controls, Carter Bain Wealth Management, LLC (Carter Bain) and RAM Fund, LP (RAM). Shortly after filing the complaint, […]
U.S banks walk tightrope of encouraging, but not mandating vaccines
(reuters) Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat coronavirus infections in their offices while avoiding a fierce national debate about individual rights, […]
The rally in recovery-focused stocks could depend on consumers and the Fed in the week ahead
(CNBC) Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are […]
Stock futures decline after the Dow and S&P 500 set records
(CNBC)Futures contracts tied to the major U.S. stock indexes slipped Sunday evening as the S&P 500 hovered in record territory after last week’s modest gains. Futures linked to the Dow Jones Industrial Average fell 141 points. Those tied to the […]
Hedge funds down 0.34 per cent in July, says SS&C GlobeOp
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2021 measured -0.34 per cent. To read this article:
How alternative data is reshaping investor insights during the IPO process
(Hedgeweek) The rise of alternative data, and the exponential growth of new datasets, continues to influence the decision-making process for hedge funds and other asset managers across the investment spectrum. To read this article: