Hedge fund manager Scaramucci launches cryptocurrency fund
Anthony Scaramucci's firm SkyBridge Capital is the latest traditional fund manager to launch a bitcoin-focused fund after a surge of interest in cryptocurrencies in 2020.
Anthony Scaramucci's firm SkyBridge Capital is the latest traditional fund manager to launch a bitcoin-focused fund after a surge of interest in cryptocurrencies in 2020.
Some global hedge fund investors are going into 2021 optimistic about a speedy snap-back from the economic challenges related to the coronavirus pandemic.
Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company's chairman on Tuesday that was reviewed by Reuters.
The average hedge fund underperformed the wider stock market in 2020 but saw less volatility while stock-picking funds got a lift from technology and stay-at-home shares in a year beset by a pandemic and uncertainty around the U.S. election.
Britain's Financial Conduct Authority said on Tuesday it has fined former hedge fund official Corrado Abbattista 100,000 pounds ($134,000) for market abuse and banned him from the industry.
Hedge funds are becoming increasingly bullish on the outlook for oil prices, anticipating that early deployment of coronavirus vaccines will allow a rapid resumption of more normal travel patterns.
The European Union is not planning to radically overhaul its hedge fund rules given they are already a "success story", an EU official said on Tuesday.
Credit Suisse expects to take a roughly $450 million (336.95 million pounds) impairment on alternative investment firm York Capital Management's retreat from its core hedge funds business, the Swiss bank said.
Is it an inflation hedge? A currency? Or just another niche asset to take a punt on? Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.
Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns.
WASHINGTON (Reuters) -An ex-FBI official testified on Thursday that a former lawyer for Hillary Clinton's presidential election campaign said he was not acting on behalf of any client when in 2016 he relayed a tip about Donald Trump's possible ties to Russia.