Monthly Archives: September 2022
SEC’s proposed clearing reforms to impact hedge funds
(Hedgeweek) Hedge funds would be impacted by the US Securities and Exchange Commission’s (SEC) new proposed draft rules on the use of central clearing in the $24 trillion Treasury market aimed at boosting its resilience, according to a report by […]
SS&C aligns global fund administration and servicing under the SS&C GlobeOp brand; appoints new head
(Hedgeweek) SS&C Technologies Holdings has appointed Bhagesh Malde to lead its newly combined global fund administration and servicing business. The new group will continue to operate as SS&C GlobeOp and brings together SS&C’s hedge fund administration, private markets administration, middle […]
Stock futures rise slightly ahead of a fresh batch of economic data
(CNBC) U.S. equity futures were slightly higher Wednesday evening as investors looked ahead to several economic reports scheduled to come out in the morning. Futures tied to the Dow Jones Industrial Average inched higher by 17 points, or 0.05%. S&P […]
Loop Capital Markets Charged in First Action against Broker-Dealer for Violating Municipal Advisor Registration Rule
(HedgeCo.Net) The Securities and Exchange Commission has charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first time the SEC has charged a broker-dealer for violating […]
Third Point boss Loeb cools on ESPN spin-off plan
(CNBC) Third Point founder Daniel Loeb has cooled on his plan to see Disney’s sports broadcaster ESPN spun off into its own standalone business, according to reports. To read this article:
VMware Hit with $8M Penalty and Charged with Misleading Investors by Obscuring Financial Performance
(HedgeCo.Net) The Securities and Exchange Commission has charged VMware Inc. for misleading investors about its order backlog management practices, which enabled the Palo Alto, California-based technology company to push revenue into future quarters by delaying product deliveries to customers, concealing […]
Digital assets investments products see fifth week of outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $63 million last week, the fifth consecutive week of outflows, according to the lates CoinShares Digital Asset Fund Flows Weekly report. To read this article:
Court rules against hedge funds over ‘unintentional’ $500m Citigroup payment
(Hedgeweek) A federal appeals court in the US has ruled that hedge funds should not be able to keep the roughly $500 million they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics company Revlon, according to […]
Stock futures inch higher after major averages suffer worst day since June 2020
(CNBC) Stock futures inched slightly higher on Wednesday morning after another hot inflation reading sent the major averages tumbling to their worst day since June 2020 and dampened investors’ expectations of a less hawkish Federal Reserve. Futures tied to the […]
Tech stocks crushed in market selloff
(CNBC) The six largest U.S. tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer price index was up 0.1% for the month and was up 8.3% […]
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
(CNBC) For the better part of a year, the inflation narrative among many economists and policymakers was that it was essentially a food and fuel problem. Once supply chains eased and gas prices abated, the thinking went, that would help […]
No end in sight for Wall Street deals slump as JPMorgan says advisory revenue plunges 50%
(CNBC) The deal-making slowdown that has weighed on Wall Street this year shows no signs of letting up. Investment banking revenue at JPMorgan Chase is headed for a 45% to 50% decline in the third quarter from a year earlier, […]