Category Archives: Syndicated
CTA Hedge Funds rally in rollercoaster markets
(Hedgeweek) With CTAs and trend-following managers maintaining their positive run this year after enduring a turbulent and unpredictable 2020, the Best CTA Hedge Fund category at this year’s Hedgeweek Americas Awards will highlight how such strategies are successfully positioning for […]
Digital currency fund benefits from high bitcoin weighing in July
(Opalesque) July was a positive month for the digital currency market with bitcoin (BTC) rising +20% and Ethereum (ETH) posting a +11.29% increase that month, according to coinmarketcap.com. The market capitalization of crypto-assets minus bitcoin showed a move of almost […]
Major hedge funds took stakes in Didi before probe announcement –
(Reuters) Well-known hedge funds made big bets on Didi Global Inc, which went public in June just before Chinese regulators announced a probe of the ride-hailing company and its share price plummeted, new filings showed. To read this article:
Hedge fund industry’s AUM swells to a staggering $4.32tn in June
(Opalesque) Investors diverted an additional $16.6 billion to hedge funds in June. The month’s inflows represented 0.4% of assets and continued an inflow trend that saw $36 billion in new assets in May, $23.3 billion in April and $19.1 billion […]
S&P 500 doubles from its pandemic bottom, marking the fastest bull market rally since WWII
(CNBC) Here’s a market milestone to encapsulate how stunning the recovery rally has been: The S&P 500 just doubled its level from its pandemic closing low. To read this article:
Retail sales likely dipped in July as consumers held off on purchases amid Covid delta worries
(CNBC) Retail sales were expected to have fallen off in July, as consumers reacted to the delta variant of Covid and held off on online and vehicle purchases. Economists expect retail sales fell by 0.3% in July, compared to a […]
Fed’s Eric Rosengren backs tapering in the fall but no rate hikes until job market improves
(CNBC) Boston Federal Reserve President Eric Rosengren said Monday he would be prepared to start rolling back some of the central bank’s easy monetary policy this fall but isn’t ready yet to start thinking about raising interest rates. To read […]
Buffett’s Berkshire pares drug holdings, sheds Axalta, Biogen
(Reuters) In the second quarter, Berkshire said it exited a $180 million stake in Biogen Inc and reduced investments in Abbvie Inc, Bristol-Myers Squibb Co and Merck. It also shed a $411 million stake in paint maker Axalta Coating Systems […]
Tax rules for cryptocurrency investors are changing: ‘It’s the Wild West,’ says crypto expert
(CNBC) “It’s the Wild West right now,” says Zak Killermann, cryptocurrency publisher for personal finance site Finder.com. “Regulators are still figuring things out, so it’s important for investors to stay informed. Things can change really quickly.” The Senate recently greenlit […]
U.S banks walk tightrope of encouraging, but not mandating vaccines
(reuters) Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat coronavirus infections in their offices while avoiding a fierce national debate about individual rights, […]
The rally in recovery-focused stocks could depend on consumers and the Fed in the week ahead
(CNBC) Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are […]
Stock futures decline after the Dow and S&P 500 set records
(CNBC)Futures contracts tied to the major U.S. stock indexes slipped Sunday evening as the S&P 500 hovered in record territory after last week’s modest gains. Futures linked to the Dow Jones Industrial Average fell 141 points. Those tied to the […]