Page 5 - Jack Inglis News Today

It’s the last week of the regular season, which for many teams means Rivalry Week. Jim Thorpe and Lehighton meet in their annual clash, while Tamaqua and Panther Valley will battle it out for bragging...

All funds are bullish about the long-term future of digital assets, but the recent market downdraft is giving everybody pause, according to PwC and AIMA.

The Alternative Investment Management Association (AIMA), together with leading digital asset custodians and industry experts, has today published a new industry guide on digital asset custody for institutional investors.

Basketball was less than 25 years old in 1914 when team owners from Pittston, Wilkes-Barre, Freeland, Hazleton, Tamaqua and Plymouth met to form a professional basketball league called the Penn

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<li><i>The alternative investment sector is <b>ready to play a key role in supporting UK growth and innovation</b> by providing funding to SMEs and mid-market firms to help them scale up their operations</i></li>
<li><i>The fund management industry is <b>well placed to be a source of new jobs</b>, particularly if the UK can position itself as a ‘one-stop shop’ f...

Crypto gains favour with hedge funds new and old Crypto hedge funds’ assets under management (AuM) almost doubled during 2020 and are set to increase further this year with a number of firms predicting that the price of bitcoin will break the $100,000 (€81,710) mark before the end of the year. Through the course of 2020, crypto hedge funds’ AuM increased from from $2 billion to $3.8 billion, according to the Global Crypto Hedge Fund Report 2021 jointly published by PwC, Elwood Asset Manag...

GameStop, other short squeezes expected to face regulatory scrutiny Sen. Elizabeth Warren, D-Mass. A U.S. legislator and some members of the hedge fund community are calling for regulatory scrutiny and intervention regarding last weeks pummeling of short sellers by retail investors. Sen. Elizabeth Warren, D-Mass., a member of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to Allison Herren Lee, acting Securities and Exchange Commission chairwoman, requesting that Con...

Feb. 2, 2021 Wall Streets retail trading frenzy has distorted markets, global hedge funds industry body AIMA said on Monday, adding it was concerned that lawmakers were encouraging such moves. Retail investors gathering in social media chatrooms like Reddit have been driving up the price of stocks like GameStop shorted by hedge funds, with the focus shifting to other parts of the market on Monday, such as silver. "What is dangerous, amid this trading frenzy, is that retail investors have been c...

Short-selling hedge funds including Melvin Capital became punchlines last week as Reddit users and other retail investors piled into shorted stocks like GameStop. One person who was not amused by the trading frenzy: the leader of the Alternative Investment Management Association. In a letter Monday to members of AIMA — an industry group that represents more than $2 trillion in hedge fund and private credit assets — chief executive officer Jack Inglis took aim at “commentators who have bee...

The hedge fund industry has launched an attack on US politicians who celebrated the difficulties that some faced because of the Reddit-inspired trading rush of the past week.The Alternative Investment