Monthly Archives: August 2020
As gold hits new highs, hedge fund rush may herald volatility spikes
(Hedgeweek) As gold prices reach fresh highs, more hedge fund investors could pile into the commodity – heralding fresh spikes of volatility in the asset, according to Christopher Cruden, manager of the currency and gold-focused CTA strategy Insch Kintore. To […]
Treasury yields fall ahead of unemployment data
U.S. government debt prices were higher Thursday morning as traders looked ahead to new unemployment data. To read this article: TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.101 0.00 0.00 US1Y U.S. 1 Year Treasury 0.127 0.003 0.00 […]
SEC Charges CEO and Company with Defrauding First Responders and Others Out of Millions
(HedgeCo.Net) The Securities and Exchange Commission announced charges against a San Antonio-area businessman and his company for running a multi-million dollar fraudulent scheme that victimized scores of investors, many of them retired San Antonio police officers and other first responders. […]
Robinhood Crowd Helps Hedge Fund Manager Gain 30% This Year
(Bloomberg) One hedge fund manager is getting some inspiration from an unlikely source: the Robinhood crowd. Adam Sender’s volatility hedge fund has climbed 30% this year — in part by betting on and against stocks that have been popular on […]
Hedge fund short sellers “battered” by $6 billion loss in tech rally – but bearish bets may yet rebound
(Hedgeweek) Hedge fund short sellers took a hefty beating in what proved to be a bruising July, losing some USD6 billion across a range of strong-performing technology stocks, including more than USD4 billion from Tesla shorts alone. To read this […]
Richard Branson’s Virgin Atlantic files for U.S. bankruptcy protection
(Marketwatch) Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S. federal bankruptcy court in New York after a […]
Kodak reportedly under SEC investigation over disclosure of U.S. drug producing deal
(CNBC) The Securities and Exchange Commission is investigating Eastman Kodak’s disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, […]
GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public
(Opalesque) GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose acquisition company backed by the financial-services firm Cantor Fitzgerald in a […]
Pictet eyes long-term growth stocks with new market neutral global equities hedge fund launch
(Hedgeweek) Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has unveiled a new market neutral global equity hedge fund which trades liquid US and European stocks, with a low correlation to broader equity […]
Stock futures flat as investors await stimulus bill, more earnings
(CNBC) U.S. stock futures were flat in overnight trading as investors eye any progress from Washington on a new coronavirus stimulus package.The White House and Democratic congressional leaders have reported some progress in the negotiations, but they remain apart on […]
Tech power player Rick Sherlund: ‘Software is not only eating the world, it’s leading the market higher’
(CNBC) Digital transformation is just beginning: BofA’s Rick Sherlund. He hit No. 1 on Institutional Investor’s all-star analyst list for software 17 times in a row. Now as an investment banker, Rick Sherlund is a tech power player who believes […]
SEC Files Emergency Action to Halt Alleged Scheme Generating Nearly Half a Billion dollars.
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged fraudulent scheme that has raised nearly half a billion dollars from […]