Monthly Archives: February 2021
Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough
(CNBC) Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to full strength, despite momentum suggesting that growth is off to a faster start than anticipated in 2021. To read […]
Biden tax hikes would likely phase in slowly, Treasury Secretary Yellen says
(CNBC) Treasury Secretary Janet Yellen said Thursday that any tax increases sought by the Biden administration to help pay for big-ticket spending would be introduced gradually. Yellen, added that the proposed tax increases would likely come later in 2021 as […]
Wilshire Liquid Alternative Index returns 0.01% in January
(Opalesque) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.01% in January, outperforming the – 0.16% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid […]
Barclay CTA Index dips .02% in January
(Opalesque) CTAs were unable to extend their two-month winning streak into the New Year as January performance dipped 0.02% for the month according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. “Although equity prices and […]
Equities and macro names drive Brummer multi-strategy hedge fund’s February rebound
(Hedgeweek) Brummer & Partners’ flagship multi-strategy fund has made a strong start to February, with its equities- and macro-focused managers generating strong gains that have helped the Stockholm-based outfit reverse January’s losses. To read this article:
Interactive Brokers chair says financial system came ‘dangerously close’ to failure during GameStop mania
(CNBC) Interactive Brokers chairman Thomas Peterffy told CNBC Wednesday that the U.S. financial system faced greater stress during the GameStop trading frenzy than is generally recognized. “We have come dangerously close to the collapse of the entire system and the public seems […]
Credit Suisse swings to fourth-quarter loss, weighed down by provisions for a U.S. legal dispute
(CNBC) — Credit Suisse reported Thursday a net loss of 353 million Swiss francs ($392.8 million)for the fourth quarter of 2020 on the back of higher provisions. The net loss was better than analysts had expected. According to Refinitiv, analysts […]
Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead
(CNBC) Bitcoin could rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager. But JPMorgan warned of risks ahead as the cryptocurrency continues to rally. Anthony Pompliano, co-founder and […]
BlackRock’s Rick Rieder says the world’s largest asset manager has ‘started to dabble’ in bitcoin
(CNBC) BlackRock’s Rick Rieder says the world’s largest asset manager has begun entering the bitcoin space. The remarks from Rieder, who is BlackRock’s chief investment officer of global fixed income, came on the same day bitcoin broke above $51,000 for […]
Apollo Global Management raises $2.34bn for a fourth dislocated credit fund
(Opalesque) The alternative investment manager Apollo Global Management has closed its fourth dislocated credit fund at about $2.34 billion in capital commitments. The Apollo Accord Fund IV, the latest investment vehicle in the New York City-headquartered investment manager’s flagship Accord […]
Barclay Hedge Fund Index up 0.98% in January
(Opalesque) Hedge funds started 2021 on a positive note returning 0.98% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01% in […]
Handful of hedge funds bet big on GameStop before its wild ride
(Reuters) – A handful of small hedge funds were in a position to profit from the Reddit rally that sent shares of GameStop Corp and other out-of-favor stocks rocketing higher last month at the expense of prominent investors who had […]