Monthly Archives: September 2021
Stock futures open slightly higher after Dow slips following August jobs report
(CNBC) U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones Industrial Average futures rose by 82 points, or 0.23%. S&P 500 and Nasdaq […]
Market bull Tom Lee predicts a record September, but warns that a 10% correction could come in October
(CNBC) Longtime market bull Tom Lee is predicting a profitable period for investors in September. According to Lee, the S&P 500 is positioned to surge more than 100 points this month. However, he warns the positive momentum has an expiration […]
Global Crypto Lending Platform and Top Executives Charged in Alleged $2 Billion Fraud
(HedgeCo.Net) The Securities and Exchange Commission has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion […]
Renaissance Hedge Fund executives agree to pay $7 billion to settle tax dispute with IRS
(Reuters) Executives of hedge fund Renaissance Technologies LLC could pay as much as $7 billion to U.S. tax authorities after agreeing to settle a dispute over whether they improperly reduced their tax liability from trading profits, according to a letter […]
Hedgeweek Americas Awards: Macro managers steer through geopolitical turbulence
(Hedgeweek) The fallout from the Covid-19 pandemic continues to reshape the global macroeconomic and geopolitical landscape, driving both uncertainty as well as opportunity for macro managers – and the Best Macro Hedge Fund category at this year’s Hedgeweek Americas Awards […]
Hedge fund and institutional investors forecast strong increases in levels of share trading
(Hedgeweek) Professional investors around the world are forecasting strong growth in the level of share trading over the next 12 months, new research from blockchain-based derivatives trading platform CloseCross shows. To read this article:
Friday’s jobs report is expected to be solid, but delta variant raises downside risk
(CNBC) August’s employment report is expected to show another strong month for hiring, but it could also give a glimpse at how the Covid-19 delta variant has impacted the economy. The jobs report, set for release Friday at 8:30 a.m. […]
Hedge funds’ quarterly returns more than double as industry resurgence receives “strong vote of confidence”
(Hedgeweek)Hedge funds’ returns more than doubled from Q1 to Q2, as commodities-focused managers powered ahead on the back of the spring oil price surge, and larger funds’ gains outweighed smaller funds’ performance, new analysis by hedge fund asset administrator Citco […]
Most Big Hedge Funds Mandate Vaccinations for Return to Offices
(Bloomberg) Most of the biggest hedge funds, including Millennium Management, Bridgewater Associates and Point72 Asset Management, are requiring U.S. staff to be vaccinated before they can return to the office. To read this article:
Wealth managers expand the range of investment strategies, adding new asset classes
(Opalesque) Wealth managers are adding new asset classes they offer to clients, including private markets and hedge funds, said a survey. The Wealth Manager Investment Survey by bfinance revealed that more than two-thirds (69%) said they have added new asset […]
“Dig deeper”: Why Syz Capital is looking beyond hedge funds and private equity in hunt for uncorrelated returns
(Hedgeweek) Investors must look beyond hedge funds and private equity in their quest for uncorrelated returns, according to Marc Syz (pictured), co-founder and managing partner at Syz Capital, who believes niche assets – such as litigation finance and life settlements – can […]
SEC Obtains Emergency Relief, Charges Couple Who Operated $18 Million Ponzi scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme perpetrated by Shakopee, Minnesota residents Jason Dodd Bullard and Angela Romero-Bullard and the […]