Monthly Archives: August 2021
Quant hedge funds tipped to flourish with institutional inflows set to rise
(Hedgeweek) Pension funds and institutional investors are set to increase their allocations to computer-based hedge funds over the next 12 months, with FX and equities-focused strategies tipped to see the biggest rise, according to new industry research by fintech and […]
Robinhood surges more than 24%, blows past $38 IPO price
(CNBC) Shares of Robinhood soared Tuesday, pushing the newly public stock trading app well above its IPO price of $38 per share last week. Robinhood went public last Thursday on the Nasdaq under the ticker HOOD, hitting the public markets […]
Broad emerging market indexes are broken, ETF manager says.
(CNBC) Emerging markets have underperformed for a long time, but that could just be because of how they’re grouped together in broad-based indexes, said one ETF manager. “There’s no doubt emerging markets have been a huge disappointment,” says EMQQ founder […]
Digital assets funds see fourth week of outflows, says CoinShares
(Hedgeweek) Digital asset investment products saw another week of outflows totalling USD19.5 million, the fourth consecutive week of outflows, according to the latest Digital Assets Fund Flows weekly report from CoinShares. To read this article:
The SEC needs more power from Congress to fully regulate crypto, Chair Gensler says
(CNBC) Securities and Exchange Commission Chairman Gary Gensler said Tuesday that Wall Street’s top regulator needs Congress to grant it additional powers for overseeing a vast and ever-evolving cryptocurrency market. To read this article:
Institutional investors shift to thematic investing, says survey
(Opalesque) Both institutional and wholesale investors expect a thematic focus in their investments to improve the long-term performance, said a survey. According to a new survey conducted by Greenwich Associates and sponsored by BNP Paribas Asset Management nine out of […]
SEC Charges Ernst & Young, with Audit Independence Misconduct
HedgeCo.Net) The Securities and Exchange Commission has charged accounting firm Ernst & Young LLP (EY), one of its partners, and two of its former partners with improper professional conduct for violating auditor independence rules in connection with EY’s pursuit to […]
100 leading hedge fund managers reveal widespread enthusiasm for quant strategies
(Opalesque) 80% of hedge fund managers expect institutional investors to increase their allocation to quant strategies in the next twelve months, said a study. The 100 leading hedge fund managers surveyed, who collectively manage over $231 billion in AUM, also […]
As the economy hits its peak, stock market gains could be harder to come by
(CNBC) Diminishing economic returns could mean diminishing stock market returns as the U.S. transitions to a post-pandemic economy. Wall Street increasingly is talking about peak growth in both the economy and corporate earnings as a stimulus-fueled recovery gives way to […]
Goldman Sachs joins Wall Street rivals in boosting junior banker salaries
(CNBC)There’s a new minimum wage on Wall Street. Goldman Sachs is giving its junior bankers a pay raise, the last major Wall Street firm to do so in a year where record deal-making activity has led to fierce competition for […]
How language in the infrastructure bill could roil the crypto markets
(CNBC) The cryptocurrency industry is lobbying hard this week against language in the Senate’s bipartisan infrastructure bill proposal that could choke a vast amount of the crypto ecosystem. Language in the bill would require crypto brokers to report customer information […]
Broadridge acquires post-trade solutions business
Hedgeweek) Broadridge Financial Solutions has acquired Alpha Omega, a market-leading FIX-based post-trade solutions provider for the investment management industry. This acquisition builds on Broadridge’s recent acquisition of Itiviti. To read this article: