Other Voices: CFTC sets final rules for virtual currencies... [more]By: Andrew Schaffer, Timothy Spangler, Audrey Wagner, Nicholas C.D. Ward, Dechert
The Commodity Futures Trading Commission published in the Federal Register on June 24, 2020 its final interpretive guidance concerning retail commodity transactions involving certain digital assets (2020 Guidance).
MicroStrategy buys $250m in bitcoin, making the crypto as a primary treasury reserve asset... [more]Laxman Pai, Opalesque Asia: Nasdaq-listed software firm MicroStrategy purchased 21,454 bitcoin on Tuesday, effectively pouring all $250 million of its planned inflation-hedging funds into the digital currency.
Disclosing its bitcoin buy alongside an equivalent stock buyback in a Tuesday Securi
Family office VC investment and allocation on the rise... [more]Laxman Pai, Opalesque Asia: Over the last decade, family offices have been increasing allocations to venture and building in-house venture investment capabilities, primarily stemming from strong historical returns, said a study.
According to SVB and Campden Wealth report, on average, venture i
European PE/VC deal volume drops to a five-year low in H1 2020... [more]Laxman Pai, Opalesque Asia: European private equity and venture capital entry volume dropped to a five-year low in the first half of 2020 as managers turned away from deal-making to focus on their existing portfolios in the wake of the coronavirus outbreak, according to S&P Global Market Intellig
U.S. multiemployer pension plan funding drops to 82%... [more]Laxman Pai, Opalesque Asia: The aggregate funding ratio of multiemployer defined benefit plans in the U.S. dropped to 82% as of June 30, down from 85% at the end of 2019, said a study.
According to Milliman's Multiemployer Pension Funding Study (MPFS), the weaker funded status increases t
Hedge funds continue strong run with Chinese hedge funds in the lead... [more]Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 2.61%1 in July, bringing its year-to-date return to 1.73%, supported by the robust performance of underlying global equity markets as represented by the MSCI ACWI IMI (Local) which gained 3.67% over the month.
The highlight of t
Icahn gets a boost in the second quarter... [more]From Institutional Investor: Carl Icahn's holding company, Icahn Enterprises, bounced back into the black during the second quarter, thanks to gains from its hedge fund-like investment portfolio.
But Icahn Enterprises is still in the red for the year - and is nursing losses on its investments f
Hedge funds warn crowded dollar shorts in danger of backfiring... [more]From Bloomberg: Shorting the dollar is becoming a crowded trade due for a squeeze, some hedge funds say. BlueBay Asset Management, which oversees more than $60 billion, has taken profit on short dollar positions, while AMP Capital Ltd. pared its bullish bets on emerging-market currencies.
K2 As
Point72 reaches out to other investing apps in a hunt for new trading signals... [more]From Business Insider: Steve Cohen's Point72 and other hedge funds are sending urgent requests to find a replacement after Robinhood's data on hot stock trades suddenly went dark.
The requests came just hours after popular trading app Robinhood restricted access to an API that showed what stocks
Trends: Active tech, healthcare and ESG funds outpace passives... [more]From FT: Actively managed funds have been outpacing passives in hot-ticket equity sectors as investors seek exposure to the economic megatrends that have been accentuated by the Covid-19 crisis.
Active technology, healthcare and ecology funds have been among the winning fund categories in the se
Legal: Tesla says short seller is funding ex-employee's lawsuit... [more]From Bloomberg: Tesla Inc. says hedge fund Cable Car Capital LLC, which is shorting the company's stock, is funding a former employee's allegations that the company smeared him by accusing him of sabotage and stealing sensitive information.
The carmaker said in a filing Monday that Martin Tripp'
And, finally: Awesome!... [more]From News of the Weird: For her birthday, 5-year-old Macey Clemens of Parker, Colorado, went on her first horseback ride and was hooked, so she wrote her wish for a pet horse on a balloon, signed her name and let it soar. On Aug. 2, Jennifer Houghton, who owns seven horses and lives about an hour aw
Already in 2012, one of Madonna's concert promoters, Alvaro Ramos, confessed that: "We have to take extreme care, like I have never seen for any other artist. We cannot even look at the dressing room, after it is ready, or even open the door. We can only enter after her sterilization team has left the room. There will not be any of Madonna's DNA, any hair, or anything. They will clean up everything. I do understand it, but it is taken to extremes."
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.
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B. G., Opalesque Geneva: 68 years ago, economist Harry Markowitz formulated the Mean-Variance Efficient Frontier and a quantitative method that could help investors maximize risk-adjusted returns. According to his model of the Efficient Frontier, a portfolio is "efficient" if it has the best possibl..
