Monthly Archives: May 2021
Venture capitalist Alan Patricof: Capital gains tax hike would not change investor behavior
(CNBC) Alan Patricof, a longtime tech investor and Democratic donor, says he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. To read this article:
Under Armour Inc. Charged With Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to […]
Why investors should ignore the old Wall Street adage ‘Sell in May’
(CNBC) The “sell in May, and go away” strategy isn’t getting much love on Wall Street this year. Market pros acknowledge that history clearly shows the market’s strongest six-month period is November to April, but they also say that’s not […]
Consultant and Board Member Charged with Insider Trading.
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has Entered a Partial Judgment in a Previously-Filed SEC Case Charging Oregon Resident Mark Ahn with Engaging in Insider Trading in the Securities of a Massachusetts-Based Pharmaceutical Company, Dimension Therapeutics, […]
Hedge funds close Q1 with +USD17.68bn in flows, total AUM at USD3.417tn
(HedgeWeek) While investors pulled USD9.36 billion from the global hedge fund sector in March, quarterly flows remained positive, at +USD17.68 billion, according to the just-released March 2021 eVestment Hedge Fund Asset Flows Report. To read this article:
U.S. money market funds see biggest weekly inflow in a year -Lipper
(Reuters) U.S money market funds lured the biggest inflow in a year, in the week ended April 28, on caution ahead of a U.S. Federal Reserve policy meeting, with investors also anxious about the speed of the equity rally in […]
Warren Buffett says Robinhood is catering to the gambling instincts of investors
(CNBC) Legendary investor Warren Buffett believes millennial-favored stock trading app Robinhood is contributing to the speculative, casino-like trading activity in the stock market and benefitting from it. Robinhood has “become a very significant part of the casino aspect, the casino […]
New York Life launches $1bn impact investing fund
(Opalesque) New York Life has launched a $1 billion impact investment initiative with the aim to address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, […]
Stock futures rise ahead of first trading day of May
(CNBC) U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May. Dow futures rose about 125 points. S&P 500 futures gained 0.45% and Nasdaq 100 futures rose 0.33%. Despite Friday’s […]
Energy-focused hedge fund Luminus liquidates assets of largest fund – WSJ
(Reuters) Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. To read this article:
A powerful rotation out of tech stocks could start this month, Wells Fargo’s Chris Harvey says
(CNBC) Wells Fargo Securities’ Chris Harvey is calling Big Tech’s recent outperformance a “head fake.” In a recent note to investors, he wrote economically sensitive groups will overtake growth as a leading market driver, and the powerful rotation could happen […]
Unregistered $25.5 Million ICO Issuer to Return Money for Distribution to Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against blockchain services company BitClave PTE Ltd. headquartered in San Jose, California, for conducting an unregistered initial coin offering (ICO) of digital asset securities. BitClave agreed to settle the charges by […]
