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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 Management and the Alternative Investment Management Association. The study also found that traditional h...

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 week's 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 Congress and the public are given information on how the SEC "intends to address these concerns and pr...

Feb. 2, 2021 Wall Street's 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 chasing prices so far above any sane valuation and that many will end up nursing losses," AIMA CEO J...

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 been clapping with glee at the misfortune of those hedge funds exposed to these sharp stock price movem...

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