Monthly Archives: November 2022
Investor apathy continues as weekly digital asset fund flows total $6.1m
(Hedgeweek) Digital asset investment products saw minor inflows totalling $6.1 million in a continuation of the the investor apathy that has now lasted for seven weeks, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read […]
Stock futures are slightly higher ahead of key Fed policy decision
(CNBC) Stock futures were higher on Wednesday morning as investors brace for the Federal Reserve’s latest policy decision at the conclusion of its meeting. S&P 500 futures and Nasdaq 100 futures rose 0.33% and 0.42%, respectively. Futures tied to the […]
The Fed is expected to raise interest rates by three-quarters of a point and then signal it could slow the pace
(CNBC) The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point Wednesday and then signal that it could reduce the size of its rate hikes starting as soon as December. Markets are primed for the […]
Amazon sell-off pushes market cap below $1 trillion for first time since April 2020
(CNBC) Amazon has exited the trillion-dollar club. Shares of the e-retailer plunged 5.9% on Tuesday, falling for a fifth straight day and closing at their lowest since April 2020. The sell-off has erased almost all of the stock’s pandemic surge. […]
Incarcerated Felon and Five Friends Charged in $2 Million Scheme Defrauding Multiple Broker-Dealers.
(HedgeCo.Net) The Securities and Exchange Commission has charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and […]
Hedge fund bets against Asos hit all-time high
Hedgeweek) Hedge fund bets against Asos have hit an all time high with prominent funds on both sides of the Atlantic including Citadel and Marshall Wace shorting the fast-fashion retailer’s stock, according to a report by the Telegraph. To read […]
Stock futures rise as indexes exit winning month and investors look to Fed meeting
(CNBC)Stock futures are higher on Tuesday morning as traders leave behind a winning month and look ahead to the Federal Reserve’s interest rate decision on Wednesday. Futures tied to the Dow Jones Industrial Average were up 104 points, or 0.32%. […]
Elliott ups stake in PMI target Swedish Match
Hedgeweek) Elliot Management has increased its stake in Swedish Match to over 10 per cent putting the activity hedge fund in a position to potentially block Philip Morris International’s (PMI) bid to acquire the smokeless tobacco firm, according to a […]
Fortress Investment Group ranked as 2nd fastest-growing alt investment brand
(Hedgeweek) Fortress Investment Group (Fortress) has been ranked as the second fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications. To read this article:
Arca almost doubles sales for flagship crypto hedge fund despite revealing LUNA exposure
(Hedgeweek) Arca almost doubled sales for its flagship crypto hedge fund in one year despite going public about its exposure to the Terra ecosystem which collapsed in May of this year, according to a report by CoinDesk. To read this […]
SEC Obtains Final Judgment Against Trader in International Insider Trading Scheme
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final consent judgment against Israeli citizen Dov Malnik in connection with his participation in a prolific insider trading scheme. To settle the charges against […]
Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture
(CNBC) Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “The recent rise in COVID-19 cases and […]