Monthly Archives: January 2020
Insider-Trading Prosecutions Get Easier with Court Ruling
(Bloomberg) Prosecutors have a stronger hand going after insider trading following a court ruling that lowered the bar for bringing cases.The federal appeals court in Manhattan last week said the government may pursue insider-trading charges under a newer securities-fraud law […]
New Options Close the Financing Gap for Women Entrepreneurs in the Next Decade
(Forbes) Capital is the lifeblood of all businesses. Entrepreneurs and small business owners depend on it to start, operate, and grow their firms. Yet, there is an $87 billion gap in financing for small businesses, according to Next Street. The […]
Six Individuals Charged in $35-MILLION International Microcap Fraud Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged six individuals and their companies with participating in schemes that allegedly generated more than $35 million of illegal sales of stock in at least 45 microcap companies. The charges contained in two […]
Why UOB Asset Management is overweight on alternatives
(CNBC) Anthony Raza of UOB Asset Management says the firm sees “limited upside” for markets in 2020 and is overweight alternative strategies, such as investing in hedge funds, that tend to be less driven by market performance. To view this […]
Abu Dhabi’s NMC Health in messy dispute with US short seller Muddy Waters after stock ambush
(CNBC) Abu-Dhabi based healthcare firm NMC Health is embroiled in a bitter battle with U.S. short seller Muddy Waters, after the latter produced a report questioning the company’s accounting practices and sending its stock tumbling. To read this article:
Private capital braces for economic slowdown
(Opalesque) Preparations for a downturn are underway for the private equity and venture capital sectors, according to BDO’s inaugural U.S. Private Capital Outlook. As they wait for the other shoe to drop, more than half of fund managers (50% of […]
Hedge funds on track to end 2019 with four consecutive positive quarters
(Hedgeweek) Hedge fund managers recorded a second positive month in the fourth quarter of 2019, with the equal-weighted index up 0.73 per cent and the asset-weighted index up 0.20 per cent in November following the positive geopolitical developments surrounding the […]
Wall Street starts 2020 with new records on China stimulus, trade hopes
(Reuters) – Wall Street’s major indexes notched record highs to open the new year on Thursday, as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook. To read this article:
U.S. jobless claims edge lower but trend points to uptick in filings
(Reuters) – The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher. To read this article:
Venture capital firm EV Growth closes first fund at a hard cap of $250m
(Opalesque)Singapore-based venture capital EV Growth has closed a $250 million funding round, exceeding the firm’s initial $150 million target. The inflow of commitments come from Singapore’s Temasek, an undisclosed sovereign wealth fund in Asia, as well as several Asia-based family […]
Dollar recovers from six-month low after year-end selloff
(Reuters) – The dollar recovered from a six-month low to add 0.44% on Thursday, the first trading day of 2020, ending a four-day losing streak and a downbeat December that had left the index virtually flat at the end of […]
MetLife to Pay $10 Million for Longstanding Internal Control Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses. […]