U.S. hedge funds circle high-flying tech stocks in second-quarter: SEC filings

NEW YORK (Reuters) – U.S. hedge fund managers were active in the FAANG group of high-flying tech stocks in the second quarter, with Third Point increasing its stake in two of the companies and Omega Advisors trimming stakes in three, regulatory filings showed....

Investment firm VanEck calls bitcoin a ‘fad,’ then files for bitcoin ETF

Money management firm VanEck is both skeptical of bitcoin and planning to sell a related investment product, illustrating a rising perception that the surge of interest in the digital currency creates a high-risk opportunity that may be too big to miss. Last Thursday,...