Category Archives: Syndicated
White House backs senators pushing for stricter crypto reporting rules
(CNBC) The White House weighed in – somewhat out of the blue – on a contentious battle over competing crypto amendments to the $1 trillion infrastructure bill. It’s chosen to back the side that isn’t as friendly to the world […]
Cigna sees bigger hit to 2021 earnings from pandemic
(Reuters) Shares of Cigna Corp tumbled 13% after the health insurer warned of a bigger hit to its full-year earnings due to the impact of the pandemic and said it also expects non-COVID costs to trend near normal levels in […]
How AI can help demonstrate hedge funds’ ESG edge to investors
(Hedgeweek) The way in which hedge funds can demonstrate the value of ESG indicators within their portfolios is becoming a key task for managers of all stripes and strategies. A recent webinar, jointly hosted by FIS Global and Hedgeweek ,examined […]
Dow falls 300 points, S&P 500 slips from record high after jobs data disappoints
(CNBC) U.S. stocks fell on Wednesday after the earnings of a major automaker and a private sector jobs report came in lower than expected. The ADP private payroll survey showed a gain of 330,000 jobs for July, well short of […]
Robinhood surges 50% in second day of wild trading, up 100% this week
(CNBC) Robinhood shares soared again Wednesday, extending a wild rally in the newly public stock trading app’s stock. Trading was halted for volatility several times. The stock closed up 50.4% at $70.39 per share, bringing its weekly gain to more […]
Pershing Said to Seek $1 Billion to Fund Universal Music Bet
(Bloomberg) Bill Ackman’s hedge fund Pershing Square Capital Management LP is in discussions to raise $1 billion to help fund its bet on Vivendi SE’s Universal Music Group, according to people with knowledge of the matter. To read this article:
Senators file crypto broker amendment to infrastructure bill after industry backlash
(CNBC) U.S. senators introduced an amendment to the infrastructure bill Wednesday attempting to clear up confusion about cryptocurrency “brokers,” based on language in the existing version that could roil the crypto markets if passed. To read this article:
Hedge fund Alphadyne Asset Management loses $1.5 billion as yields tumbled in July, says report
(MarketWatch) Hedge fund Alphadyne Asset Management is reportedly one of the big losers of a rally in global bonds, as bets that rates would rise have left the $12 billion macro strategy ensnared in money-losing wagers, according to a report from Bloomberg […]
Quant hedge funds tipped to flourish with institutional inflows set to rise
(Hedgeweek) Pension funds and institutional investors are set to increase their allocations to computer-based hedge funds over the next 12 months, with FX and equities-focused strategies tipped to see the biggest rise, according to new industry research by fintech and […]
Robinhood surges more than 24%, blows past $38 IPO price
(CNBC) Shares of Robinhood soared Tuesday, pushing the newly public stock trading app well above its IPO price of $38 per share last week. Robinhood went public last Thursday on the Nasdaq under the ticker HOOD, hitting the public markets […]
Broad emerging market indexes are broken, ETF manager says.
(CNBC) Emerging markets have underperformed for a long time, but that could just be because of how they’re grouped together in broad-based indexes, said one ETF manager. “There’s no doubt emerging markets have been a huge disappointment,” says EMQQ founder […]
Digital assets funds see fourth week of outflows, says CoinShares
(Hedgeweek) Digital asset investment products saw another week of outflows totalling USD19.5 million, the fourth consecutive week of outflows, according to the latest Digital Assets Fund Flows weekly report from CoinShares. To read this article: