Category Archives: Syndicated
Fed Chair Powell is a ‘maestro,’ calming markets when there could have been chaos
(CNBC) Fed Chairman Jerome Powell soothed markets Wednesday and pushed back against speculation the central bank could start to wind down its easy policies. The Federal Reserve Wednesday sharply boosted its economic growth outlook, but indicated it still sees no […]
Morgan Stanley becomes first major U.S. bank to offer its wealthy clients access to Bitcoin funds
(Reuters) In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of bitcoin. The decision was taken after the bank’s clients demanded exposure to the cryptocurrency, according the report. To read […]
IRS postpones April 15 U.S. tax deadline to May 17
(CNBC) The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible […]
Hedge fund short sellers suffer as Cineworld’s shares surge
(Hedgeweek) Hedge funds’ bearish bets against Cineworld suffered a dent on Tuesday as shares in the beleaguered London-listed global cinema chain – a long-standing target of short sellers – surged more than 9 per cent. To read this article:
Hedge funds return 2.68% in February, up 3.76% YTD
(Opalesque) The hedge fund industry continued its positive run in February, returning 2.68% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index gained nearly […]
Cryptocurrency inflows hit record high of $4.2 billion,
(Reuters) – Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data show. To read this article:
The Fed must walk a fine line Wednesday as financial markets hang in the balance
(CNBC) A resurgent economy, percolating inflation and a stock market ripping higher don’t seem to make much of a recipe for easy monetary policy. But that’s the position in which the Federal Reserve finds itself. To read this article:
Hedge fund Indaba Capital nominates two to Benefitfocus board
(Reuters) Hedge fund Indaba Capital has nominated two directors to Benefitfocus Inc’s board five weeks after publicly calling on the benefit management software company to sell itself following years of poor returns and high turnover in the executive suite. San […]
Centaur Hedge Fund clients produce strong performance in 2020
(Hedgeweek) Hedge fund clients of Centaur Fund Services performed strongly in 2020, according to data released by the independent fund administrator. To read this article:
Wilshire Liquid Alternative Index returns 1.18% in February
(Opalesque) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.18% in February, underperforming the 1.52% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative […]
Billionaire Ackman donates millions of Coupang shares to foundation
(Reuters) Billionaire hedge fund investor William Ackman said on Monday he donated 26.5 million shares in newly public South Korean e-commerce giant Coupang Inc to three entities, including his foundation. Ackman, who runs hedge fund Pershing Square Capital Management, said […]
Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
(Reuters) Warren Buffett’s Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. To read this article: