Category Archives: Syndicated
Fed shift causes rally in value stocks to wobble
(Reuters)The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. To read this article:
Dow falls for a second day following Fed policy update, loses 210 points
(CNBC) The Dow Jones Industrial Average fell for a second day as investors digested the Federal Reserve’s latest policy update, in which it moved up its timeline for interest rate hikes and forecast higher inflation. To read this article:
Mortgage rates shoot higher after Fed Chairman Powell’s comments
(CNBC) The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. To read this article:
Emerging funds outperform larger peers in 2021
(Opalesque) Hedge funds managing less than $1bn averaged gains of 1.4% in May, extending returns for the year to 8.9%. That puts smaller funds ahead of billion-dollar-plus funds, which averaged 1% in May and 6.9% for the year so far, […]
Bitcoin has 3 flaws — and that could set the stage for other alternatives, says Cornell economist
(CNBC) Bitcoin, the world’s best known cryptocurrency, has a few flaws — and that’s triggered other digital currencies to come up with more viable options, according to a professor at Cornell University. To read this article:
Fed moves up its timeline for rate hikes as inflation rises
(CNBC) The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. However, the central bank gave no indication as to when it will […]
BlackRock and iCapital Network expand partnership to include global wealth managers
(Opalesque) iCapital Network and BlackRock announce the expansion of their existing relationship to increase accessibility to private market investments for wealth managers. The combination of BlackRock’s private market investment products and iCapital’s proven technology and solutions will streamline the operational […]
Hedge funds remain an option for some insurers, says new report
(Hedgeweek) The life/annuity and property/casualty insurance segments increased their exposures to hedge funds in 2020, leading to an overall 6 per cent increase in insurance industry investments, according to the latest AM Best report. To read this article:
Credit Suisse prepares insurance claims on Greensill Capital losses – FT
(Reuters) – Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied to collapsed finance group Greensill Capital, the Financial Times reported on Wednesday. Credit Suisse is attempting to recoup […]
Bitcoin soars above $40,000 after Tudor Jones endorsement, Musk’s about-face on accepting crypto
(CNBC) Bitcoin’s price hopped over $40,000 on Monday following bullish comments by billionaire hedge fund manager Paul Tudor Jones. “I like bitcoin as a portfolio diversifier. Everybody asks me what should I do with my bitcoin? The only thing I know for certain, I want 5% in […]
Paul Tudor Jones says ‘go all in on the inflation trades’ if Fed keeps ignoring higher prices
(CNBC) Billionaire hedge fund manager Paul Tudor Jones says he’s paying close attention to this week’s Federal Reserve policy meeting in light of recent economic data showing higher consumer prices. “If they treat these numbers — which were material events, they […]
Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay
(CNBC) Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the […]