Monthly Archives: April 2021
Fund Manager and Former Race Car Team Owner Charged with Multimillion Dollar Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged Andrew T. Franzone, former owner of a race car team, and investment adviser FF Fund Management, LLC (“FFM”) with fraudulently raising and misappropriating tens of millions of dollars from the sale of limited […]
Stock futures calm in anticipation of big earnings week
(CNBC) Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Sunday evening as investors braced for one of the busiest weeks of the first-quarter earnings season. The week ahead is a […]
Hedge funds experience USD9bn in redemptions in February
(Hedgeweek) Hedge fund flows reversed course in February with USD9.0 billion in redemptions, following USD30.5 billion in industry inflows a month earlier. To read this article:
Investors doubt U.S. capital gains tax plan alone can derail market rally
(Reuters) U.S. stocks rebounded on Friday from a day-earlier swoon as investors digested the implications of a planned capital gains tax hike, with many pointing to reasons why such a policy alone would be unlikely to threaten the rally in […]
10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts
(CNBC) The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming […]
U.S. equity funds see lowest inflow in seven weeks on virus worries: Lipper
(Reuters) U.S. equity funds received their lowest inflows in seven weeks in the week ended April 21, pressured by rising coronavirus cases, which have cast doubts over global economic recovery. To read this article:
Global VC market moves at incredible pace as VC investment hits $126.6bn in Q1’21 shattering Q4’20 record of $98.2bn
(Opalesque) Quarterly VC investment flew past the $100 billion mark for the first time, reaching $126.9 billion globally across 6,508 deals during Q1’21, up from the previous record of $98.2 billion across 7,329 deals achieved in Q4’20. To read this […]
Google’s recently promoted Search boss earned cash and stock worth $55 million last year
(CNBC) Google’s recently promoted Search boss Prabhakar Raghavanearned cash and stock $55.25 million last year, according to the company’s annual proxy filing with the U.S. Securities and Exchange Commission. That amount takes into account his 2020 fiscal year salary of […]
Final Judgement Against Connecticut Investment Adviser Who Misappropriated Funds from Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of a final judgment against former Connecticut investment adviser Lester Burroughs. The SEC’s complaint, filed on December 4, 2019, alleged that Burroughs engaged in a scheme to defraud retail investors […]
Rehabilitating macro hedge funds
(Reuters) For all the bad press, much-maligned hedge funds have had their best start to the year in decades, while mixed stock and bond funds flattered to deceive – and even macro hedge funds are back in vogue. High-profile battles […]
Biden to propose capital gains tax of 39.6% to fund education and child care, reports say
(CNBC) President Joe Biden will seek to raise taxes on millionaire investors to fund education and other spending priorities as part of the administration’s effort to overhaul the U.S. economy. As part of the plan, Biden will seek an increase […]
Blackstone’s first-quarter earnings surge as it cashes out on assets
(Reuters) Blackstone Group Inc, the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday that its distributable earnings more than doubled in the first quarter to $1.2 billion as it cashed out on […]
