(Bloomberg) Hedge funds have capitulated on their short-dollar bets after surging Treasury yields upended a favorite global macro strategy. Leveraged funds flipped to become net buyers of the world’s reserve currency during the week to March 16 — a tumultuous […]

(CNBC) When Coinbase hits the public market in the coming weeks, CEO Brian Armstrong is poised to rank among the wealthiest people in tech. Armstrong, who co-founded the cryptocurrency exchange in 2012 after working for a year at Airbnb, owns […]

(CNBC) Robinhood has filed confidential paperwork to pursue an initial public offering (IPO), a source familiar with the matter told CNBC on Tuesday. Robinhood later confirmed the move in a blog post. The company has experienced a whirlwind start to […]

(CNBC) Speaking before the House Financial Services Committee, both said they are confident in the stability of the financial sector as the U.S. economy recovers from the Covid-19 pandemic. But Rep. Jim Himes, D-Conn., asked the pair if they are […]

(Hedgeweek) Global equities hedge fund Russell Clark Investment Management is taking a bearish stance on “expensive” gold, and urges caution on the price of the safe-haven commodity. To read this article:

(Reuters) Most wealth managers and financial advisors are still in “education mode” on cryptocurrencies but demand for the emerging asset class among larger investors has grown, the boss of Fidelity Investments’ institutional arm said on Tuesday. To read this article:

(Hedgeweek) There is a lot of talk about ESG. It dominates column inches and pitch decks at levels unimaginable only a decade ago. The need for companies to adopt and integrate ESG is imperative if environmental issues – the hardest […]

(CNBC) Billionaire Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, is impressed by one key skill: failing “well.” “The people I respect most are those who fail well,” Dalio tweeted on Friday. “I respect them even more […]

(CNBC) Goldman Sachs CEO David Solomon addressed junior bankers’ complaints over heightened workloads in a message to employees, after the results from an internal survey where one employee called conditions “inhumane” went viral. To read this article:

(CNBC) Federal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is no hurry to introduce a competitor. “They’re highly volatile and therefore not really useful stores of value and they’re […]

(Reuters) BlackRock Inc said on Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman. To […]

(Reuters) Cerberus Capital Management LP said on Monday Matt Zames was stepping down as president of the private equity firm and chairman of Cerberus Technology Solutions (CTS). A former chief operating officer at JPMorgan Chase & Co, Zames was instrumental […]