Category Archives: Syndicated
Investors have lost faith in Airbnb’s model, trader says with stock down nearly 40% from highs
(CNBC) Shares of Airbnb are down 36% from their February highs following the vacation rental company’s earnings announcement after Thursday’s closing bell. Airbnb’s revenue grew 5% in the first quarter, the company said in its second report since going public […]
SS&C GlobeOp Hedge Fund Performance Index returned 2.04 per cent in April
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2021 measured 2.04 per cent. To read this article:
Tesla stops taking Bitcoin for vehicle purchases, citing environmental harm
(The Verge) Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels, according to a statement CEO Elon Musk tweeted Wednesday. Tesla had only just started accepting […]
Knighthead, Certares seen as winners of Hertz bankruptcy auction
(Reuters) Investment firms Knighthead Capital and Certares Management appear to have won an auction to fund U.S. car rental firm Hertz Global’s exit from bankruptcy, according to a Bloomberg News reporter’s tweet bit.ly/3oid2K8 on Wednesday. The firms along with private […]
Hedge funds bet on subscription-based businesses, pharmacy and copper
(Reuters) – Hedge fund managers on Wednesday recommended buying stocks of companies they believe will benefit from the movement of many services online, even though society is expected to return to more human contact after the global coronavirus pandemic ends. […]
Florida private equity manager indicted in New York for loan fraud
(Reuters) A Florida private equity manager has been indicted on charges he lied about his investors in order to obtain a $95 million bank loan for his $500 million fund, federal prosecutors in Manhattan said on Wednesday. To read this […]
Equity hedge fund Argonaut Capital sees “treasure trove” of shorting opportunities
(Hedgeweek) Long-short equity hedge fund Argonaut Capital is eyeing a potential “treasure trove” of short opportunities in previously well-regarded stocks, as the changing inflationary environment and opening up of economies impacts markets. To read this article:
Versor releases new white paper on value investing
(Opalesque) Versor Investments, a quantitative investment management firm focused on alternative investment strategies, has just released a white paper titled “Value Returns in 2021: Mirage or Oasis,” which looks at historical valuation spreads between value stocks and growth stocks. To […]
Stanley Druckenmiller says the Fed is endangering the dollar’s global reserve status
(CNBC) Federal Reserve policies aimed at keeping markets and the economy afloat during the pandemic could end up threatening the long-term health of the U.S. dollar, according to investing magnate Stanley Druckenmiller. The chairman and CEO of Duquesne Family Office […]
All eyes are on this inflation number, which could have the biggest gain in nearly a decade
(CNBC) Consumer inflation data for April is expected to show the biggest year-over-year gain in nearly a decade. The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected […]
Why investors should look past this week’s inflation data, according to Credit Suisse’s Golub
(CNBC) Consumer prices data for April is scheduled for release Wednesday morning and producer prices on Thursday. “It is making a lot of people uncomfortable, and I think that is ultimately what is giving the market some near-term indigestion,” According […]
Opimas estimates that over $190 billion worth of bitcoin is currently at risk due to sub-par safekeeping
(Hedgeweek) A number of institutional participants and even some large cryptocurrency exchanges are relying on sub-par custody approaches when holding digital assets on behalf of clients, according to Opimas, with the company estimating that over $190 billion worth of bitcoin […]