(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and settling charges against digital asset exchange operator Coinbase Inc., based in San Francisco, California, for reckless false, misleading, or inaccurate reporting as well as wash trading by a […]

(Hedgeweek) Cineworld, a long-standing target of hedge fund short sellers, saw its share price plummet on Thursday after the group slumped to an eye-watering USD3 billion pre-tax loss last year as a result of the coronavirus pandemic. To read this […]

(HedgeWeek)Drury Capital, the long-running US trend-following hedge fund firm led by former grain trader Bernard Drury, has soared into double-digit territory this year, with both its established flagship fund and recently-launched multi-strategy futures fund making gains across commodities and equities […]

(CNBC) Powerful fiscal help from Congress combined with accelerated vaccine distribution has allowed the U.S. economy to recover faster than expected, Federal Reserve Chairman Jerome Powell said Thursday. At some point, that will allow the central bank to dial back […]

(CNBC) Robinhood is building a platform to “democratize” initial public offerings, including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter. The move could […]

(CNBC) GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the video game retailer rose more than 50% and showed that their wild swings are not yet over. The stock slumped 33% in the […]

(Reuters) Credit Suisse will give more junior members of its capital markets and deal businesses a $20,000 “lifestyle” allowance as it tries to maintain morale among staff feeling the strain from heavy workloads and remote working. Stress among junior bankers […]

(Reuters) – Bitcoin doesn’t need to become a widely-used form of payment to succeed and could prosper solely as a store of value, SkyBridge Capital founder Anthony Scaramucci said on Wednesday. “For bitcoin to be successful … it doesn’t have […]

(Opalesque) The hedge fund industry experienced $30.5 billion in inflows in January, a strong start to the year following a December that saw nearly balanced flow activity with $42.6 million in redemptions, reports BarclayHedge. January 2021’s inflows represented 0.8% of […]

(Reuters) Treasury Secretary Janet Yellen said on Wednesday it is important to “look carefully” at systemic risks posed by asset managers, including BlackRock Inc, but said designating them as systematically important financial institutions may not be the right approach. To […]

(Opalesque) Hedge fund managers were up 2.99% in February – recording their third consecutive month of outperformance against the global equity market as represented by the MSCI ACWI which returned 2.72% over the month. In terms of performance distribution, the […]

(Hedgeweek) Aberdeen Standard Investments is bullish on event driven merger arbitrage hedge funds amid a surge in deal volumes, while equity long/short and activist managers are also tipped to capitalise on the continued fallout from the coronavirus pandemic. To read […]