Hedge Fund Industry News
A collection of Hedge Fund latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Hedge fund veteran launches impact firm with former Jana, BlackRock executives
BOSTON - Hedge fund industry veteran Chris James, who co-founded technology oriented Andor Capital nearly two decades ago, is launching a new firm that will focus on impact investing at a time these types of portfolios are delivering strong…
Traders Flee From Treasuries in One of Biggest 2020 Yield Spikes
Investors dumped Treasuries amid a glimmer of hope that the U.S. Congress will reach an economic-stimulus compromise, driving one of the year's biggest increases in long-term yields. Bonds sank as investors shifted to riskier assets like stocks…
The Future of Finance Is in Wealth Management and Retail Trading
Banks have faced a challenging decade, with disruptive financial technology startups and low interest rates around the world placing pressure on many of their key businesses. But many have found ways to thrive, often by creating services to move or…
Ackman's Pershing Square Holdings fund up 62.8% for the year
BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, who cautiously hedged his portfolio before the historic market sell-off in March, has extended his gains to 62.8% for the year so far. Last month, Ackman's publicly traded Pershing…
CEO of World's Largest Asset Manager Says Bitcoin Can Possibly 'Evolve' Into Global Asset
The head of the world's largest asset manager has provided a somewhat bullish take on the world's first cryptocurrency. According to a report by CNBC on Tuesday, CEO of BlackRock Larry Fink said bitcoin has “caught the attention” of…
The City of London's Supremacy Goes Very Deep
Nerves are fraying about what happens to the financial services industry once the dust clears from Brexit. No one really knows whether there will be some form of equivalence between the City of London and the European Union on securities trading…
Tesla's S&P 500 Entry Puts $70 Billion of Passive Trades in Play
Tesla Inc. climbed on Tuesday as investors braced for the company's addition to the S&P 500 in one shot on Dec. 21, a move that's expected to spur as much as $70 billion worth of passive-fund flows. At $550 billion, Tesla's market capitalization is…
Covid bond market weakness must be tackled, warns regulator
Weaknesses that emerged in international bond markets during the Covid-19 pandemic must be “dealt with” and bankers' pay is due an “adjustment”, a senior financial regulator has warned. Speaking at the Financial Times…
Where There's Smoke, There's Fire
It's time to pay attention. Again. Love it or hate it, Bitcoin is sending smoke signals and the message is crystal clear — Bitcoin is honest and useful money. Formerly derided because the network is apolitical, and shunned because its…
Head of world's largest asset manager says bitcoin can possibly 'evolve into a global market' asset
BlackRock's Larry Fink sounded almost bullish about bitcoin in an interview on Tuesday, as the No. 1 cryptocurrency briefly surpassed heights not reached for three years. During a conversation with former Bank of England Gov. Mark Carney at the…
Too little too late: the undignified demise of Debenhams
The impending demise of Debenhams is a sad end after nearly two and a half centuries of trading. And although it is easy to remember the department store for the problems it has faced over the past two decades - declining sales, several stock…
Institutional Bitcoin Shop NYDIG Raises $150M for Twin Crypto Funds
New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop's skyrocketing clout on the institutional bitcoin scene. As revealed in two U.S.
New Survey Shows How Bitcoin Is Giving PayPal a Boost
Just three weeks after PayPal began allowing all of its U.S. users to trade Bitcoin, it looks like a substantial fraction of its user base has already taken the company up on its offer. Mizuho Securities recently surveyed 380 U.S. PayPal users, and…
Dot Investing launches online platform
Dot Investing, a fintech startup, has launched an online investment platform that allows individual investors to invest in top private and alternative asset funds, including private equity, VC and hedge funds. Users are able to invest from…
Ackman's Pershing Square Holdings fund up 62.8% for the year
BOSTON - Billionaire hedge fund manager William Ackman, who cautiously hedged his portfolio before the historic market sell-off in March, has extended his gains to 62.8% for the year so far.
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