Hedge Funds are demonstrating some newfound optimism as double-digit returns and increasing assets under management point to excellent business prospects. Last week, hedge funds rated their economic confidence at +19.5, up from an average +18.4 from last quarter. The scale ranges from -50 to +50. A survey in the second quarter Hedge Fund Confidence Index …
Author Archives: James Heinsman
America’s Newspaper Business
Newsrooms across the United States took a severe hit to operations during the pandemic, even while readership increased significantly. Like many businesses, it was an unstable and damaging time; more than 70 local newsrooms have shut down over the last year. This problem has been in the works for more than a decade, as print …
Major Hedge Funds Invest in Obscure Oil Company
With energy prices on the rise, numerous large hedge funds are rallying to bolster Norwegian Energy Company (Noreco), a struggling North Sea oil and gas company based in Denmark. The hedge funds, which include Taconic Capital, CQS, Caius Capital, Astaris Capital, York Capital and Kite Lake Capital, have built positions in the company whose shares …
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New Cryptocurrency Fund Launching by Former JP Morgan Manager
Paul Frost-Smith announced he is starting a new multi-strategy arbitrage fund based in Grand Cayman Island. Frost-Smith was formerly a manager at JP Morgan and Credit Suisse. The fund is called Argentium Chimera and will combine three investment strategies inspired by forex investing but adapted to account for the higher volatility and lower liquidity of …
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Hedge Funds are Broke Records in Q1 2021
This roller coaster seems to be heading in only one direction, and that is up. Hedge Fund Research reported in April that global hedge fund assets rose to a record high of $3.8 trillion in March 2021. Investors showed their confidence in hedge funds by adding about $201 billion to that pool of money during …
The Year 2021 Looks Bright for Hedge Funds
With the first quarter of 2021 behind us it is fair to say that so far hedge funds have seen profits looking up. According to eVestments, February was an especially good month with 80 percent of funds reporting earnings in the black. The average fund was up 4.51%, and the industry as a whole (including …
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Manufacturing Surge Bolsters US Economic Recovery
The US economy thrived through the first two months of 2021, backed by strong growth in the manufacturing sector and aided by the prospect of President Biden’s proposed $1.9 trillion stimulus package. According to the Bureau of Labor Statistics, unemployment fell in January to 6.3 percent, the lowest point since the corona pandemic began, while …
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Could US Consumers Move to Spending Digital Dollars?
Could the United States be on the road to phasing out the wallet-sized, iconic, rectangular dollar bill? Probably not – at least, not entirely. But the Federal Reserve is studying the possibility of launching a digital currency that would serve as legal tender in the United States. Of course, the US is not the only …
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Harvard Law Prof.: Tenev is ‘sympathetic’, ‘trying to do the right thing’
When former Turing Pharmaceuticals CEO Martin Shkreli appeared before the House Committee on Oversight and Government Reform in 2016, the most notable thing about his testimony was the smirk on his face as he refused to answer representatives’ questions about Turing’s $13.50 to $750 price hike for Daraprim, an anti-AIDS drug. Last week, it was Robinhood CEO …
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New investors younger, more diverse
The Wall Street economy is undergoing a demographic shift, with new investors trending younger and more culturally diverse than previous generations, according to a study published by the FINRA Investor Education Foundation and NORC at the University of Chicago. The “Investing 2020: New Accounts and the People Who Opened Them” report, which surveyed 1,291 households from …