Category Archives: Syndicated
Inflation was hot in July, but rent isn’t showing up yet and could drive prices higher
(CNBC) Sharp post-pandemic price increases in some parts of the economy appear to be fading, but rent is one area in which inflation is expected to stick around. The consumer price index rose 0.5% in July, well below the 0.9% […]
New bitcoin hedge fund produces stellar returns
(Opalesque) SAVA’s flagship, the SAVA Bitcoin Volatility Fund, can take long and short positions. It aims to profit from Bitcoin price movements by capturing the underlying volatility through a combination of discretionary and proprietary-based algorithmic trading. It has returned 80% […]
Billionaire Hedge Fund Manager William Ackman spends $2.8-Billion For Universal Music Group
(Reuters) Billionaire hedge fund manager William Ackman on Tuesday bought 7.1% of Universal Music Group. For Ackman, this marks the first part of a promise to make good on his pledge to buy a sizable stake in UMG after the […]
More than $600 million stolen in what is likely to be one of the biggest cryptocurrency thefts ever
(CNBC) Hackers exploited a vulnerability in Poly Network, a platform that looks to connect different blockchains so that they can work together. Poly Network disclosed the attack on Twitter and asked to establish communication with the hackers, and urged them […]
How the $1 trillion infrastructure bill will direct billions toward tech spending
(CNBC) The $1 trillion infrastructure bill passed by the Senate on Tuesday is set to inject money into expanding broadband access and bring funding to other parts of the tech sector, including electric vehicles. At the same time, the bill […]
Barclay Hedge Fund Index up 0.07% in July, up 9% YTD
(Opalesque) The hedge fund industry tallied its 9th straight month of gains in July 2021 with an overall return of 0.07%, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P […]
Eurekahedge Hedge Fund Index down 0.13% in July, up 8% YTD
(Opalesque) Hedge funds snapped their nine-month winning streak as the spread of the Delta variant and the Chinese regulatory crackdown unsettled investors. The Eurekahedge Hedge Fund Index was down 0.13% in July 2021, trailing behind the global equity market as […]
Hedge Fund strategies show moderate performance in June, says EDHEC-Risk
(Hedgeweek) The month of June was characterised by a positive trend on the stock markets, with the S&P 500 registering a rather strong performance (2.33 per cent), its fifth consecutive month of profits, leading to 15 per cent cumulative increase […]
Senate Rejects Compromise Crypto Tax Amendment To Infrastructure bill
(CNBC) A bipartisan compromise amendment to the $1 trillion infrastructure bill regarding cryptocurrency tax reporting was rejected by the Senate on Monday. To read this article:
Hedge funds fall into the red as volatility and variants halt nine-month rise
(Hedgeweek) Hedge funds’ nine-month consecutive run of positive returns has been halted, with managers ending last month in the red as market volatility and renewed uncertainty over the impact of coronavirus variants. To read this article:
Bitcoin, cryptos post 5th straight week of outflows -CoinShares data
(Reuters) Bitcoin investment products and funds registered outflows for a fifth consecutive week, as investor sentiment remained cautious in the midst of increased global regulatory scrutiny, data from digital asset manager CoinShares showed on Monday. To read this article:
Investment bankers to get biggest checks in decade as Wall St. bonuses jump
(Reuters) Most Wall Street workers can expect double-digit increases in bonuses this year compared to 2020, while investment bankers could see the biggest checks in roughly a decade, according to a report by compensation consulting firm Johnson Associates Inc. To […]