Monthly Archives: August 2022
Man Group posts weak investment inflows, but alts funds soften the blow
(Opalesque) British hedge fund manager Man Group reported a drop in assets over the first half as its Long-only funds were pummelled in a volatile market environment. The world’s largest publicly traded hedge fund, which manages $142.3bn in assets, posted […]
SEC Charges Convertible Note Dealer and Its Long Island-Based Owners for Failure to Register
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities […]
Hedge fund manager Steve Cohen exits crypto trading firm Radkl
Hedgeweek) Steve Cohen, founder of hedge fund Point72 Asset Management has exited his investment in cryptocurrency trading startup Radkl, according to a report by Bloomberg. To read this article:
Fraud trial of former Platinum hedge fund manager gets underway in Brooklyn
(Hedgeweek) The trial of former Platinum Partners portfolio manager Daniel Small for fraud got underway in Brooklyn on Monday, with the jury hearing from the prosecution how the defendant was involved in a scam against one of the now defunct hedge […]
Dow futures gain slightly after the three major averages notched a second day of losses
(CNBC) Dow Jones Industrial Average futures were higher on Wednesday morning after the three major averages fell for a second consecutive day. Futures tied to the Dow added 89 points, or 0.27%. S&P 500 futures gained 0.2% and Nasdaq 100 […]
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial services company
(CNBC) PayPal shares rose as much as 13% in extended trading on Tuesday after the financial services firm issued stronger-than-expected second-quarter results. During its earnings presentation, PayPal said it had entered into an information-sharing agreement on value creation with Elliott […]
Bankrupt crypto lending platform Celsius is trying to hire its CFO back at $92,000 a month
(CNBC) Embattled lending platform Celsius wants to bring back ex-CFO Rod Bolger and pay him about $92,000 a month, prorated over a period of at least six weeks. The embattled lender says it needs Bolger to help it navigate bankruptcy […]
Alibaba could see first revenue decline on record but analysts expect sales recovery later this year
(CNBC) Alibaba’s revenue could decline for the first time on record when it reports June quarter earnings on Thursday, analysts forecast, though it could signal the bottom for sales. The Chinese e-commerce giant is expected to report fiscal first-quarter revenue […]
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the […]
Ackman wants to see carried interest tax ‘loophole’ closed
(Hedgeweek) Pershing Square Capital Management CEO Bill Ackman is backing the closure of a ‘loophole’ that allows private equity and hedge fund managers to reduce the rate of tax they pay on their fund investment profits, according to a report […]
Citadel Securities loses SEC D-Limit order case
(Hedgeweek) A trio of federal judges in Washington have ruled against Citadel Securities in a case against the US Securities and Exchange Commission over its approval of the IEX’s D-Limit order type, according to a report by Bloomberg. To read […]
Stock futures slip after first trading day in August
(CNBC) Stock futures were lower early Tuesday morning after a new month of trading kicked off for the markets. Shares of Pinterest soared more than 21% in extended trading despite disappointing results after Elliott Management revealed it’s the largest investor […]