11:52 p.m. April 13, 2021
Credit Suisse: $2.3B at risk in Greensill fundsCredit Suisse Group AG flagged around $2.3 billion in problematic loans in its Greensill Capital funds, giving investors in the funds a more concrete sense of the size of their potential losses from the U.K. firm's demise.
10:03 p.m. April 5, 2021
Credit Suisse takes $4.7B hit on Archegos meltdownCredit Suisse Group AG reported a $4.7 billion hit from the meltdown of Archegos Capital Management, slashed its dividends, and said its investment banking and risk chiefs would leave the bank. The moves follow two simultaneous crises that struck the bank. Archegos's collapse triggered a major loss in the bank's unit that services hedge funds.
9:47 p.m. April 5, 2021
Credit Suisse to cut dividend, executives to leaveCredit Suisse Group AG said Tuesday that it will cut its dividend and announced the departure of two executives. "The Board of Directors has launched two investigations, to be carried out by external parties, into the supply chain finance funds matter and into the significant US-based hedge fund matter," the bank said.
4:19 p.m. March 29, 2021
Goldman, Morgan limit losses linked to ArchegosGoldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund's losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms' losses in last week's epic stock liquidation, they said.
9:18 a.m. Feb. 1, 2021
- By Tomi Kilgore
Interactive Brokers January DARTs more than triple from last yearShares of Interactive Brokers Group Inc. rose 6.9% in afternoon trading Monday, after the trade execution company, announced its January brokerage metrics, which included a more than tripling in daily average revenue trades (DARTs). The company, which services traders including individual investors, hedge funds, proprietary trading groups and financial advisors, said January DARTs totaled 3,295, up 223% from the same period a year ago, and up 43% from December. Client margin loan balances at month end were $40.8 billion, up 49% from a year ago and 5% higher than at the end of December. The average order size during January was 2,326 shares for stocks, 6.7 contracts for equity options and 2.8 contracts for futures. The average commission per cleared commissionable order was $2.44. The broker's stock has rallied 37.5% over the past three months, while the S&P 500 has gained 15.4%.
2:21 a.m. Dec. 2, 2020
- By Andrew Keshner
Ariel Investments’ John Rogers Jr. pushes corporate boards to have their own ‘Jackie Robinson moment’ Black households are almost twice as likely not to have any stock-market investments, one recent study showsBlack households are almost twice as likely not to have any stock-market investments, one recent study shows.
9:48 a.m. Sept. 18, 2020
- By Jonathan Burton
Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for allVeteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all.
6:39 a.m. Aug. 4, 2020
- By Callum Keown
A stock market correction may be imminent, JPMorgan says. Here’s why you shouldn’t panicThe typically muted month of August is upon us but there’s still a lot for investors to digest.
8:05 a.m. July 27, 2020
- By Lauren C. Templeton
What would Sir John do? How to use Templeton’s 16 rules for investment success in today’s stock market Investment manager follows the advice and practice of her famous great-uncle This investment manager follows the advice and practice of her famous great-uncle.
5:27 a.m. July 25, 2020
- By Mark Hulbert
Look what happened to home prices when the coronavirus sent stocks into a bear market Residential real estate turns out to be a solid a portfolio diversifierResidential real estate turns out to be a solid portfolio diversifier, writes Mark Hulbert.
9:33 p.m. July 13, 2020
- By Barbara Kollmeyer
Stocks are resilient because investors have been braced for much worse COVID-19 news, says strategist Critical information for the U.S. trading dayOur call of the day from Fundstrat strategist Thomas Lee says recent gains for stocks are explainable. The glass is “half-full” for investors where COVID-19 outbreaks are concerned.
8:25 a.m. June 29, 2020
- By Mark DeCambre
‘Black Swan’ author says that if investors don’t use a ‘tail hedge,’ he recommends ‘not being in the market’: ‘We’re facing a huge amount of uncertainty’Speaking during an interview on CNBC on Friday, the popular author Nassim Taleb, offers the notion that investors should be hedged against so-called tail risk, which refer to extreme events that also have a low probability of happening in a distribution of outcomes.
4:50 a.m. June 26, 2020
- By Greg Robb
Central banks need to re-think rules on risk-taking at hedge funds, insurance companies and even corporations, IMF’s market division chief says Central banks did the right thing in being aggressive, fast and large, but there are consequences for risk takingEmergency actions by central banks to shore up the financial system in the face of the coronavirus pandemic earlier this year were appropriate, but regulators will need to re-think the rules about risk-taking for hedge funds and insurance companies, often called non-banks that operate in the “shadow banking system”, the top financial regulator at the International Monetary Fund says.
12:18 p.m. June 9, 2020
- By Shawn Langlois
Hedge-fund manager who nailed the subprime collapse is leveraging investor cash 200x in ‘audacious’ betA year ago, Hayman Capital Management’s Kyle Bass wrote about “the quiet panic in Hong Kong” and warned of an “impending crisis” in the region. Now, amid mounting unrest, he's putting his clients’ money — and then some — on a bet that the local currency will collapse.
5:53 a.m. May 23, 2020
- By Satyajit Das
We’re now seeing the sharp edge of volatility’s sword and it cuts deep Central bank policies encourage speculation and many investors are in over their headsCentral bank policies encourage speculation and many investors are in over their heads, writes Satyajit Das.
5:25 a.m. May 16, 2020
- By Greg Robb
Fed says pandemic has created U.S. financial sector fragility that will last for some time Financial institutions, including banks, could experience strainsThe Federal Reserve on Friday said the coronavirus pandemic has created U.S. financial sector “fragilities” that will last for some time.
1:41 p.m. May 14, 2020
- By Satyajit Das
In a replay of 2008, toxic subprime loans could worsen this financial crisis Stakes are high for yield-hungry buyers of CLOs of leveraged corporate debtStakes are high for yield-hungry buyers of CLOs of leveraged corporate debt, writes Satyajit Das.
6:45 a.m. May 13, 2020
- By Chris Matthews
Investors should prepare for a U.S. ‘economic depression,’ warns Kyle Bass, but China’s fate could be even worse Hedge-fund manager predicts U.S. economy could contract upwards of 10%Kyle Bass made his name betting against the U.S. housing market more than a decade ago, and now he is predicting an economic contraction that could be more than three times as severe as that suffered during the Great Financial Crisis.
6:53 a.m. May 9, 2020
- By Mark DeCambre
Billionaire Paul Tudor Jones: ‘My bet is it will be bitcoin’ as the best inflation hedgeBillionaire investor Paul Tudor Jones made a prescient call on bullion in 2019, now he’s saying that bitcoin futures, the controversial digital currency, reminds him of gold in the 1970s, and may be the best hedge against inflation.