Monthly Archives: September 2021
Billionaire hedge fund managers Cohen, Dalio tout cryptocurrencies
(Reuters) Billionaire investors Steven Cohen and Ray Dalio have joined the cryptocurrency craze by putting cash to work and saying at a conference this week that bitcoin and other digital currencies are an interesting way to diversify their holdings. To […]
New study reveals that institutional investors and wealth managers are placing a greater focus on altcoins
(Hedgeweek) New research from Nickel Digital Asset Management (Nickel) reveals that institutional investors with exposure to Bitcoin will increasingly invest in altcoins (a cryptocurrency other than bitcoin). To read this article:
SkyBridge Capital continues push into DeFi
(Opalesque) SkyBridge Capital is continuing its push into DeFi and it’s on full display at this year’s Salt Conference currently underway in New York. This week, SkyBridge announced that it is teaming with trading platform NAX to raise $250 million […]
There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits
(CNBC) Rumors of insider trading at NFT marketplace OpenSea are true, according to a statement from the start-up, which was recently valued at $1.5 billion. “Yesterday we learned that one of our employees purchased items that they knew were set […]
Millennium Global launches systematic long/short currency hedge fund
(Hedgeweek) Currency-focused investment manager Millennium Global Investments has launched a new systematic long/short currency hedge fund strategy to tap into burgeoning demand for non-correlated returns in what it calls a “favorable” investment environment. To read this article:
SEC Charges App Annie and its Founder with Securities Fraud and $10 Million to Settle First Enforcement Action
(HedgeCo.Net) The Securities and Exchange Commission has announced that App Annie Inc., a leading alternative data provider for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, have agreed to settle securities fraud charges for […]
U.S. SEC will publish GameStop post-mortem ‘shortly,’
(CNBC) The U.S. Securities and Exchange Commission (SEC) is close to publishing a post-mortem of the GameStop trading saga in which retail investors on the Reddit social media site banded together to push up the video game retailer’s shares, SEC […]
Senators demand cryptocurrency regulation guidance from SEC Chair Gary Gensler
(CNBC) Securities and Exchange Commission Chairman Gary Gensler on Tuesday assured lawmakers that Wall Street’s top regulator is working overtime to create a set of rules to oversee the volatile cryptocurrency markets while balancing the interests of American innovators. To […]
Former employee testifies Elizabeth Holmes’ Theranos lost millions while exaggerating projections to investors
(CNBC) In public, Elizabeth Holmes was dubbed the next Steve Jobs on the cover of Inc. magazine in 2015, but in private the blood-testing company she founded, Theranos, was hemorrhaging hundreds of millions of dollars. On Tuesday, the government’s first […]
DOJ official signals firm stance against ‘killer acquisitions’
(CNBC) The Department of Justice will not shy away from enforcing antitrust laws against so-called killer acquisitions, where dominant firms buy start-ups before they can become competitive threats, says a top department official. To read this article:
Hedge funds advanced in August as global equities rallied driven by the dovish stance of the Federal Reserve
(Opalesque) The Eurekahedge Hedge Fund Index was up 0.80% in August 2021, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 2.45% over the same period. Despite persistent concerns over the spread of the […]
Fund Managers and the path towards net zero emissions
(Hedgeweek) On the path towards a net zero emissions world, some sectors will multiply their activity (multiples), others will reduce it substantially (fractions), and others will disappear (zeros). How can hedge funds and other asset managers navigate the emerging investment […]