Category Archives: Syndicated
Coatue, Ackman invest in trading-focused social network Commonstock
(Reuters) Commonstock, a social network platform for retail investors, said on Tuesday it had raised $25 million in a funding round led by hedge fund Coatue and from others including billionaire investor Bill Ackman and Hollywood power broker Ari Emanuel. […]
U.S. Bancorp launches cryptocurrency custody service for investment managers
(Reuters) U.S. Bancorp said on Tuesday it had launched a cryptocurrency custody service for institutional investment managers who have private funds in the United States and Cayman Islands. The fifth largest U.S. bank said bitcoin-focused financial services firm NYDIG will […]
Fed’s Evans sees inflation falling below central bank’s 2% target after current rise subsides
(CNBC) The current spate of inflation won’t last and ultimately will fall below the Federal Reserve’s target, Chicago Fed President Charles Evans said Tuesday. While inflation by some measures is running at a 30-year high, Evans told CNBC the supply […]
Bitcoin Soars to $50,000 Again on Institutional Demand
(US News) Bitcoin, the world’s largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000 mark for the first time in four weeks and adding to gains this month on mounting institutional interest. To read this article:
Investors show growing confidence in digital assets with USD90m inflows
(Hedgeweek) Digital asset investment products saw inflows of USD90 million last week, marking the seventh consecutive week of inflows totalling USD411 million, according to the latest CoinShares Digital Asset Fund Flows Weekly report. To read this article:
Ken Griffin’s Citadel flagship hedge fund returns 8% in September during market sell-off
(CNBC) The volatile September was a golden opportunity for billionaire investor Ken Griffin to shine as his main hedge fund crushed the market with outperformance. Citadel’s multistrategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date performance to 18.5%, […]
Warren urges SEC to open insider trading probe into Fed Vice Chair Clarida, others
(CNBC) Sen. Elizabeth Warren on Monday urged the Securities and Exchange Commission to investigate whether three Federal Reserve leaders violated insider trading rules in 2020, when they bought and sold assets as the central bank ramped up efforts to save […]
Chinese developer misses bond payment as stress spreads beyond Evergrande crisis
(CNBC) On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday. Ratings agencies have downgraded Chinese developers Fantasia Holdings and Sinic Holdings […]
Cryptocurrencies post inflows for 7 straight weeks, led by bitcoin – CoinShares data
(Reuters)Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday. To read this article:
JPMorgan bans business travel for unvaccinated U.S. employees
(Reuters) JPMorgan Chase & Co said on Monday it will restrict business travel for U.S. employees who are unvaccinated or have not disclosed their vaccination status to the bank, according to an internal memo seen by Reuters. The bank has […]
AIMA sentiment index: Hedge funds remain upbeat heading into final quarter
(Hedgeweek) Hedge funds’ confidence continues to rise, with managers across the UK, Europe and Asia all bullish on their business prospects heading into the final quarter of the year, a key industry sentiment index shows. To read this article:
Wells Fargo must face shareholder fraud claims over its recovery from scandals
(Reuters) A federal judge on Thursday rejected Wells Fargo & Co’s (WFC.N) bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. To read this article: