Monthly Archives: August 2021

(Reuters) Bank of America told staff on Friday that it will raise pay for analysts in its global corporate and investment banking, markets and research divisions, according to an internal memo seen by Reuters. To read this article:

(Opalesque) If 2020 was a year of great change and volatility, it was also a year of two halves. Many of the hedge fund industry’s largest managers saw AUM hit by poor performance and outflows in H1 2020, said HFM. […]

(Opalesque) The global hedge fund business’ average return dipped negative in July, but just slightly, to -0.32, according to the just-released eVestment July 2021 hedge fund performance data. This marked the first month of industry-wide average negative returns in 2021. […]

Opalesque) A commodity-focused fund managed by Neuberger Berman, a multi-billion-dollar asset manager, has opened the door to exposure to Bitcoin and Ethereum derivatives and investment vehicles through a subsidiary. The private investment management firm with $402 billion in assets under […]

(opalesque) Total Fintech investment in the Americas was very robust with over US$51 billion in investment across 1,188 deals, said a study. According to KPMG’s Pulse of Fintech, the overall Fintech investment in the US remained robust in H1’21, reaching […]

(Hedgeweek) Asset managers face a major change in their margin requirements next year as part of UMR, but many firms have not yet grasped the implications for their tech stack. To read this article:

(Reuters) The third-largest U.S. public pension fund on Thursday said it is launching reviews over climate concerns on $640 million invested in 42 shale oil and gas firms, including ConocoPhillips, Hess and Pioneer Natural Resources. To read this article:

(CNBC) Hackers have returned nearly half of the $600 million they stole in what’s likely to be one of the biggest cryptocurrency thefts ever. The cybercriminals exploited a vulnerability in Poly Network, a platform that looks to connect different blockchains […]

(Hedgeweek) Global macro hedge funds remain well-placed to benefit from investment themes arising from fragmented recoveries and diverging macroeconomic policies in the coming months – despite recent slim returns and allocator outflows over the summer. To read this article:

(CNBC) Sharp post-pandemic price increases in some parts of the economy appear to be fading, but rent is one area in which inflation is expected to stick around. The consumer price index rose 0.5% in July, well below the 0.9% […]