Monthly Archives: November 2021
Crypto hedge fund Tyr Capital ramps up offering amid soaring investor interest
(Hedgeweek) Cryptocurrency hedge fund Tyr Capital is tapping into growing investor appetite for digital assets with the launch of a new long-only fund next year, after its main multi-strategy vehicle increased assets and scored double-digit returns this year. To read […]
Hedge Fund Adviser Found Liable for Securities Fraud
(HedgeCo.Net) Jurors in Boston federal court have returned a verdict in the Securities Exchange Commission’s favor against a hedge fund adviser and his investment advisory firm. Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September […]
Hedge fund industry capital passes the $4tn mark
(Opalesque) Hedge funds advanced in October, as short-term interest rates rose while the yield curve flattened, and global equity markets reversed prior month losses. The investable HFRI 500 Fund Weighted Composite Index advanced +1.7 percent in October, while the HFRI […]
Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion
(CNBC) Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett continued to […]
Dow futures are little changed after a record close on Friday
(CNBC) Stock futures idled in overnight trading after the major U.S. market indexes reached record highs on Friday following a better-than-expected October jobs report. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures dipped 0.1% and […]
Elon Musk faces a $15 billion tax bill, which is likely the real reason he’s selling stock
(CNBC) Tesla CEO Elon Musk faces a tax bill of more than $15 billion in the coming months on stock options, making a sale of his Tesla stock this year likely regardless of the Twitter vote. To read this article:
Stocks could soar to new heights in week ahead — even though inflation data may come in hot
(CNBC) Stocks could take aim at new highs in the week ahead, even as investors face fresh data that could show the highest year-over-year jump in consumer inflation in more than 30 years. Stocks touched record levels Friday, after a […]
Over three-quarters of hedge funds say regular online meetings help develop talent in a remote working environment
(Hedgeweek) The Alternative Investment Management Association (AIMA) has just published new research exploring where hedge funds are sourcing talent and the steps taken to retain employees during the so-called ’Great Resignation’ and what roles (such as ESG specialists) will be […]
SEC Obtains Emergency Relief in Case Charging Claims Aggregator and Principals with Multi-Million Dollar Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a New Jersey “claims aggregator” – a firm that submits claims on behalf of its clients to administrators tasked with returning settlement funds to harmed investors – and its three principals with […]
Credit Suisse shuts down hedge fund prime brokerage services following Archegos losses
(Hedgeweek) Credit Suisse is shutting down most of its hedge fund prime brokerage services following significant losses incurred as a result of Archegos Capital Management’s collapse earlier this year. To read this article:
As Fed kicks off taper, some investors seek to dial down risk
(Reuters) The Fed’s well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times. To read this article:
BlackRock raises $673m for the Climate Finance Partnership
(Opalesque) BlackRock, the world’s largest asset manager, has achieved a US$673m final fundraise for the Climate Finance Partnership (CFP). CFP is a flagship public-private finance vehicle focused on investing in climate infrastructure across emerging markets in order to help accelerate […]