Monthly Archives: November 2021
SEC Issues Whistleblower Awards Totaling Approximately $10.4 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced awards totaling approximately $10.4 million to several whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued awards totaling approximately $7.5 million to two […]
Allocations to hedge funds rebound, now on par with private equity
(Opalesque) Although private equity has continued to outpace investor expectations by a wide margin, hedge funds’ actively managed strategies proved attractive to investors, helping them to end several years of mixed performance and outperform investor expectations, said a study. To […]
SS&C GlobeOp Forward Redemption Indicator at 2.28 per cent for November
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for November 2021 measured 2.28 per cent, up from 1.56 per cent in October. To read this article:
Zoom beats estimates even as revenue growth is poised to slow after pandemic
(CNBC) Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. To read this article:
Treasury yields rise after Biden picks Powell over Brainard for top Fed post
(CNBC) U.S. Treasury yields rose Monday after President Joe Biden renominated Jerome Powell for a second term as Federal Reserve chair. The yield on the benchmark 10-year Treasury note climbed by 9.3 basis points to 1.629% in afternoon trading The […]
Nasdaq dips 1% as bond yields rise, tech falters after Biden picks Powell for second Fed term
(CNBC) Stocks slumped Monday afternoon, reversing an earlier rally that came after President Joe Biden announced he would nominate Chairman Jerome Powell to continue to lead the Federal Reserve, rather than nominating Fed governor Lael Brainard for the post. To […]
Activist shorts get stuck into SPACs
(Hedgeweek) There have been 35 activist short campaigns against SPACs that completed mergers since the beginning of 2020, according to new research from Insightia. To read this article:
McKinsey Affiliate to Pay $18 Million for Compliance Failures in Handling of Nonpublic Information
(HedgeCo.Net) The Securities and Exchange Commission has announced that an affiliate of McKinsey & Company that offers investment options exclusively to current and former McKinsey partners and employees has agreed to pay an $18 million penalty for compliance failures. The […]
Buyout firm Apollo to acquire stake in energy storage operator Broad Reach
(Reuters) – Apollo Global Management APO.N has agreed to buy a 50% stake in Broad Reach Power from its existing owners, the parties said, a deal which will result in up to $400 million of capital being invested in the […]
Stock futures rise slightly as market enters holiday-shortened week
(CNBC) Stock futures rose slightly in overnight trading on Sunday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street. Futures on the Dow Jones Industrial Average gained 55 points. S&P 500 futures edged up 0.1% and […]
Stocks may be entering an optimal period in the Thanksgiving holiday week
(CNBC) If history is a guide, the market should do well in the upcoming Thanksgiving holiday week. The S&P 500 was slightly higher in the past week, buoyed by positive economic reports, particularly the unexpectedly strong 1.7% jump in October’s […]
Stocks struggle on Friday after Austria lockdown, but tech shares post winning week
(CNBC) Stocks struggled on Friday as concerns over a resurgence of Covid-19 weighed on global markets, though tech shares pushed higher. The Dow Jones Industrial Average fell 268.97 points, or 0.75%, to 35,601.98. The S&P 500 ticked 0.14% lower to […]