Monthly Archives: February 2021
Hedge fund founder invests USD32m in satellite start-up
(Hedgeweek) Umbra, a Santa Barbara-based intelligence and technology company, has raised USD32 million in an equity financing led by the family office venture fund of John Burbank, founder of hedge fund Passport Capital. To read this article:
SEC Files Fraud and Other Charges in Connection with a Fraudulent Investment Adviser and Private Fund Enterprise
(HedgeCo.Net) The Securities and Exchange Commission charged Stephen Scott Moleski (a/k/a Steve Scott) and David Michael with fraud in connection with an investment adviser and private fund enterprise they operated. The SEC also charged Moleski, Michael, and their agent, Erik […]
Majority of hedge funds see positive performance in January, but larger funds lag
(Opalesque) Hedge funds started 2021 on a high note with average industry performance of +1.02% with 59% of funds seeing positive results for the month, according to the just released eVestment January 2021 hedge fund performance data. This follows a […]
Bitcoin hits a record high of nearly $50,000 as major firms flock to crypto
(CNBC) Bitcoin’s price reached a new record high of almost $50,000 on Sunday, as major Fortune 500 companies showed support for digital currencies. The world’s largest cryptocurrency by market value surged more than 5% to an all-time high of $49,716 […]
Attention bitcoin investors: Top strategist sees a troubling trend amid record market inflows
(CNBC) As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend. Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high […]
Bank of America names the emerging market currencies to back as inflation risks mount
(CNBC) With global demand returning and supply bottlenecks likely to drive up shipping, food and energy prices, Bank of America believes emerging market inflation could be on the horizon. A note distributed to EEMEA Cross Asset Strategist David Hauner highlighted […]
Kraken cuts minimum withdrawal amounts, fees on ‘significant’ move in bitcoin, ETH prices
(Reuters) Cryptocurrency exchange Kraken said bit.ly/3dfwQu1 on Monday that due to the significant move in bitcoin and ethereum prices, it has reduced its minimum withdrawal amounts and withdrawal fees. To read this article:
Bumble’s CEO built a multibillion-dollar business – here’s her advice for starting a side hustle: ‘You can monetize anything
(CNBC) According to Whitney Wolfe Herd, founder and CEO of Bumble, anyone can successfully start a side hustle and turn it into a thriving business. “You can monetize anything,” Wolfe Herd, who built Bumble into a business now worth over $7 […]
Stimulus prospects could boost the stock market and interest rates in the week ahead
(CNBC) The prospects of a big government spending program could continue to boost the stock market and put upward pressure on interest rates in the week ahead. Earnings season is beginning to wind down, but some big names have yet […]
The GameStop mania might be over, but retail investors look here to stay
(CNBC) The GameStop bubble has come and gone but the rookie investors who speak emoji and Reddit may be here to stay with big implications for brokerage firms, as well as traditional investors who must pay closer attention to where […]
SPACs used to be a joke in Silicon Valley — now they’re going mainstream
(CNBC) Roger Lee of Battery Ventures says that “SPAC” used to be a “bad four-letter word” in Silicon Valley. Now, the board of every high-profile start-up is discussing special purpose acquisition companies as a legitimate way to go public, according […]
SEC Charges California Company and Its CEO with Misleading Investors About Covid-19 Blood Test and Financial Reports
(HedgeCo.Net) The Securities and Exchange Commission has charged Arrayit Corporation, a Sunnyvale, California company, with making false and misleading statements about the development of a COVID-19 test, and with failing to file required financial reports. The SEC also charged Arrayit’s […]
