Monthly Archives: February 2022
Allianz nearing settlements with investors in Structured Alpha hedge funds
(Hedgeweek) Allianz is close to agreeing settlements with tech major investors in its failed Structured Alpha hedge funds, which failed during the early days of the global pandemic, according to a report by Bloomberg. To read this article:
Dutch volatility-loving hedge fund returns 25% in first year
(Opalesque) A Dutch multi-arbitrage strategy hedge fund saw the day in the midst of the pandemic to seize the opportunities of the time. By employing non-directional strategies that embrace volatility, it returned 25% in 2021. To read this article:
UBS sees ‘short-lived’ strength for gold, expects prices to drop to $1,600 by year-end
(CNBC) Gold prices have been buoyed in recent weeks as investors seek safe-havens amid fears of Russia invading Ukraine, but in the longer term, UBS Investment Bank’s Joni Teves predicts that recent strength in gold prices will be “short-lived.” To […]
SEC Charges California Company and Promoters Engaged in Pump-And-Dump Scheme Involving Covid-19 Claims
(HedgeCo.Net) The Securities and Exchange Commission has charged California-based Global Wholehealth Partners Corp., its CEO, and four penny stock promoters with conducting a $1.95 million fraudulent pump-and-dump scheme through a series of false and misleading statements in press releases and […]
Massive Credit Suisse leak reportedly reveals possible criminal ties among 18,000 accounts
(CNBC) Credit Suisse was scrambling Sunday to contain the fallout from its latest scandal after several newspapers reported that more than 18,000 leaked accounts showed that criminals, alleged human rights abusers and sanctioned individuals including dictators had been clients of […]
Russia’s Ukraine threat and worries on Fed rate hikes could make for a turbulent week in markets
(CNBC) The stock market faces another turbulent week, as investors watch the situation in Ukraine and continue to adjust portfolios ahead of the Federal Reserve’s interest rate hikes. Stocks were rocked in both directions in the past week, with the […]
NFT marketplace OpenSea is investigating a phishing hack
(CNBC) NFT marketplace OpenSea is investigating a “phishing attack” that no longer appears to be active, the company’s chief executive said late Saturday. “We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed […]
Next bitcoin bull run won’t happen until end 2024, says top crypto exchange co-founder
(CNBC) Bitcoin may not see a bull market until late 2024 or the beginning of 2025, if past price cycles are any indication, according to the co-founder of Huobi, one of the world’s largest cryptocurrency exchanges. Du Jun says that […]
Energy-focused hedge fund Powhatan files for bankruptcy after years of litigation
(Opalesque) Powhatan Energy Fund LLC has filed for Chapter 7 bankruptcy liquidation, with more than $26m in Federal Energy Regulatory Commission (FERC) market manipulation sanction liabilities but less than $53,000 in cash. The filing effectively ends years of litigation. To […]
Infinity Q Founder Charged with Orchestrating Massive Valuation Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees. The […]
Buffett says Berkshire’s Activision purchase was ‘no bonanza’
(Reuters) In a letter released by Buffett’s office on Thursday, Buffett said one of his investment managers paid about $77 per share for Berkshire’s 14.7 million Activision shares, acquiring about 85% of his position in October and the rest in […]
Innocap to acquire BNY Mellon’s HedgeMark
(Opalesque) Innocap Investment Management Inc. has entered into a definitive agreement to acquire BNY Mellon’s HedgeMark business to create a single technology-enabled alternative investment platform and become the global industry leader. The consideration for the sale will be a combination […]