EUR/USD 1.17108
0.091%
Gold 3287.39
-1.214%
Oil 65.218
0.771%
USD/JPY 144.516
0.080%
GBP/USD 1.37400
0.084%
GBP/JPY 198.570
0.210%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Shares of U.S. precious metals companies fell in premarket trading as gold prices fell to a one-month low.On June 27, Bank of China Wealth Management announced on its website that the State Financial Supervision and Administration Bureau recently issued an administrative penalty decision to the company, fining it RMB 12.9 million for problems found during the on-site inspection of wealth management business in 2023. The company attached great importance to the regulatory opinions and immediately investigated and rectified them. All relevant penalty issues have been rectified in strict accordance with regulatory requirements in June 2024. At present, the companys wealth management products are operating in an orderly manner and its performance is stable.On June 27, BlueBay Chief Information Officer Mark Dowding said in a report that as the US budget is expected to be finalized in the next month before Congress adjourns, concerns about long-term bond yields will continue. In the coming weeks, the pressure to reach an agreement means that there will be compromises within the Republican Party. Even with the $250-300 billion in tariff revenue, the fiscal deficit rate will remain at around 7% of GDP. "Concerns about rising US debt levels are unlikely to ease in the short term." BlueBay believes that the Trump administration will not implement tax increases or substantial spending cuts, and the only possibility of reducing the deficit is a significant drop in borrowing costs.JPMorgan Chases holdings in Bilibili (09626.HK) increased from 12.58% to 13.44% on June 24.BlackRocks holdings in Bilibili (09626.HK) have increased to 6.03% from 5.49% on June 23.

Jupiter, Yarbrough Among Investors Who Sold Coinbase Before Big Fall

Skylar Shaw

May 17, 2022 09:48

微信截图_20220517093546.png


According to records posted on Monday, Jupiter Asset Management, Azora Capital LP, and billionaire Jon Yarbrough's family office were among the funds who sold all of their shares in cryptocurrency business Coinbase Global Inc before the company plunged over 30% to record lows in early May.


Cathie Wood's ARK Innovation fund, on the other hand, continued to add to its holding in Coinbase over the same time - the quarter ending March 31 – according to the disclosures.


Coinbase, the biggest cryptocurrency exchange in the United States, slumped after missing profit projections and reporting lower trading volumes as bitcoin's value plunged to 17-month lows. The company's stock dropped 3.6 percent on Monday, bringing its year-to-date loss to 74 percent.


According to regulatory filings, Jupiter Asset Management sold 73,441 shares of the business in the quarter ended March 31, while Azora Capital sold 43,290 shares and Yarbrough Capital sold 16,968.

Meanwhile, Tiger Global reduced its position in the business by around 70%, leaving it with 836,597 shares.


Though they are backward-looking and do not indicate current holdings, securities filings known as 13-Fs are one of the few public methods to view what hedge funds and other institutional investors own in their portfolios.


According to regulatory filings, ARK Innovation, Wood's ETF, added slightly more than 1.5 million shares of Coinbase during the quarter, the largest of any fund. At the end of March, the fund had little less than 7 million shares. The company's stock has the tenth greatest position.

Suggestion