The Year 2021 Looks Bright for Hedge Funds

April 15, 2021 James Heinsman Hedge Fund News

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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eVestments,

Coupang IPO Dazzles Wall Street, Draws Comparisons to Amazon

April 5, 2021 James Heinsman Hedge Fund News

One week after South Korean e-commerce giant Coupang (CPNG) dazzled Wall Street with the largest U.S. IPO to date, Pershing Square Capital CEO Bill Ackman announced he would donate more than $1.3 billion worth of Coupang stock to charity. With the stock launch underwritten by Goldman Sachs, Allen & Company, J.P. Morgan, Citi and HSBC, […]

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Bill Ackman Pershing Square, Bom Kim, Coupang, Korea, Pershing Square,

Manufacturing Surge Bolsters US Economic Recovery

March 25, 2021 James Heinsman Economic Barometer

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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manufacturing, US economy,

Could US Consumers Move to Spending Digital Dollars?

March 15, 2021 James Heinsman In the News

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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CBDC, currency, digital currency,

Harvard Law Prof.: Tenev is ‘sympathetic’, ‘trying to do the right thing’

March 5, 2021 James Heinsman In the News

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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RobinHood, Vlad Tenev,

New investors younger, more diverse

February 25, 2021 James Heinsman Economic Barometer

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 […]

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demographics, investing, Stock Market,

All Eyes on Crypto as Market Opens

February 15, 2021 James Heinsman Hedge Fund News

Two weeks after GameStop (NYSE: GME) set the hedge fund sector and the entire finance world on edge with a meteoric spike and equally rapid return to earth in January, all eyes will be on the cryptocurrency sector as Wall Street returns from the President’s Day holiday on Tuesday. Like GameStop did last month, Dogecoin’s […]

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bitcoin, cryptocurrencies, Dogecoin,

Wall Street Braces as Trading Resumes

February 5, 2021 James Heinsman Hedge Fund News

Investors, brokers, fund managers and other finance professionals braced Monday for trading to resume on Wall Street after one of the most tumultuous weeks in the market’s history. The CBOE Volatility Index (VIX), often referred to as Wall Street’s “fear index,” spiked 45.45 percent in January, closing the month at $33.09 after a week in […]

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Hedge Funds,

Can Biden’s Climate Plan Stimulate the Economy?

January 26, 2021 James Heinsman Hedge Fund News

Wall Street opened the first full week of the Biden presidency with record highs for the S&P and Nasdaq, caution on the part of investors who focus on financial, energy and industrial shares and a push by climate change activists for the new administration to make good on campaign pledge to jumpstart the economy by […]

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Markets Looking Forward to Biden Era

January 19, 2021 James Heinsman Economic Barometer

President Joe Biden’s economic agenda will focus on “building back better,” says Fraser Lundie, head of credit at Federated Hermes, a Pittsburgh-based capital management house with $575.9 billion under advisement. As the week of the presidential transition began, Lundie spoke to Bloomberg News, adding his view that renewable energies would remain a strong investment pattern […]

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Biden Administration,

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