Monthly Archives: March 2018
Carl Icahn Denies Getting Tipped off to Trump’s Tariffs
(New York Post) The billionaire investor’s well-timed sale of $31 million worth of shares in crane manufacturer Manitowoc — dumped in the weeks before Trump announced plans for stiff tariffs on steel and aluminum imports — led some to speculate […]
Amazon Has the Potential to Upend a Booming Investment Business, and it’s Keeping Industry Insiders up at Night
(The Business Insider) Amazon brings a few things to mind for most users. Today’s deals. Gift cards. But could that soon include investments? Amazon is said to be in early talks with banks to launch a checking-account product. That’s breathing […]
SEC Bars Hedge Fund Manager Charged in Asset Management Mismarking Scheme
(Securities & Exchange Commission) The Securities and Exchange Commission has obtained a final judgment against a hedge fund manager the agency charged with falsely inflating assets in portfolios he managed. The SEC also barred him from the securities industry. According […]
NYSE to Pay $14 Million Penalty for Multiple Violations
(HedgeCo.Net) The Securities and Exchange Commission has just announced that it charged the New York Stock Exchange and two affiliated exchanges with regulatory failures in connection with multiple episodes, including several disruptive market events. The charges arose from five separate […]
Prosecutors want a judge to sentence Martin Shkreli to at least 15 years in prison
(The Business Insider) Prosecutors have asked a federal judge in Brooklyn to sentence former pharmaceutical executive Martin Shkreli to at least 15 years in prison, CNBC reports.Shkreli is set to be sentenced on Friday and has asked for a shorter […]
How Hedge Funds Are Winning Back Investors
(Bloomberg) Hedge fund managers often get a reputation for being greedy and unwilling to acquiesce to the changing demands of the money-management business. But in the face of investor backlash over middling returns, they’ve made a range of concessions to […]
Nominate the rising stars of marijuana’s investment scene
(The Business Insider) We’re seeking nominations for Business Insider’s first-ever list of the top investors in the booming cannabis industry. We want to hear from you. The ranking celebrates the best up-and-coming talents in marijuana’s investment scene. We’re looking for […]
Steve Cohen Revamps Point72’s Big Data Group After Early Stumble
(Bloomberg) Steve Cohen is revamping his big data operation again at Point72 Asset Management. The hedge fund named Kirk McKeown to a new position of director of proprietary research to oversee three different groups: Aperio, Data Sourcing and Strategy, and […]
U.S. Judge Orders Ex-Drug Executive Shkreli to Give Up $7.36 Million
(Reuters)Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors.U.S. District Judge Kiyo […]
Canada Pension Is Backing Fledgling Hedge Funds
(Bloomberg) Canada’s biggest pension plan aims to back as many as four fledgling hedge funds a year at a time when investors are balking at high fees and disappointing returns from the industry’s biggest managers. Canada Pension Plan Investment Board […]
Goldman Sachs Rips into Trump’s Tariffs Plan
(Bloomberg) Goldman Sachs Group Inc. delivered a comprehensive critique of Donald Trump’s planned metal tariffs, saying they risk damaging the world’s biggest economy by raising costs just as price pressures build, hurting allies more than others, and creating a two-tier […]
The Inflation Pendulum: A CIO’s Perspective
(Harvest) You probably know that it’s not a good thing to have too much or too little inflation. But trying to get a huge pendulum the size of the U.S. economy to settle in the middle is very difficult. Here’s […]