Monthly Archives: August 2021
Alternative investors embrace automation to manage data challenges
(Opalesque) Advisors and alternative investors embrace automation to manage data and workflows, finds a survey. According to a report “The Role of Technology in Managing Alternative Investments” by Canoe Intelligence and WealthManagement.com, 54% of respondents in the survey spend at […]
Elizabeth Holmes, one-time billionaire and media darling, goes on trial
(CNBC) Nearly a decade ago, Elizabeth Holmes was proclaimed the golden girl of Silicon Valley, and briefly crowned America’s youngest female self-made billionaire. This week, she’ll walk into a San Jose federal courthouse with a very different image: a defendant […]
As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy
(CNBC) Before turning 91 on Monday, Warren Buffett has been taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to benefit from a technology-driven economy. To read this article:
Recovery for Bernard Madoff customers bolstered by Citigroup ruling, trustee’s lawyer says
(FOX Business) A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup Inc, a decision that could help the late swindler’s customers recover close to the estimated $17.5 billion they […]
Global fintech market size to grow a CAGR of 8.5% to reach $191bn in 2028
(Opalesque) The global fintech market size was USD 100.09 billion in 2020 and is expected to register a revenue CAGR of 8.5% to reach USD 190.80 billion during 2021 – 2028, boosted by rising demand for digitization in organizations. To […]
SEC Issues Whistleblower Awards Totaling $2.6 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced awards of approximately $2.6 million to five whistleblowers who provided information and assistance in three separate enforcement proceedings. In the first order, the SEC awarded approximately $1.2 million to a whistleblower who […]
A key jobs report in the week ahead could drive the next big market move
(CNBC) With Jackson Hole in the rear-view mirror, August’s employment report this week could be the next driver for markets. Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome […]
Stock futures are flat as S&P 500 and Nasdaq sit at a record
(CNBC) U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August. Dow futures rose just 11 points. S&P 500 futures were little changed and Nasdaq 100 futures traded around the […]
Emerging markets hedge funds extend strong gains through mid-year 2021
(Opalesque) Emerging Markets (EM) hedge funds, led by funds investing in India, Russia, China, and the Middle East extended strong gains through mid-year 2021 as EM hedge fund capital eclipsed another record, with performance again topping gains in EM regional […]
Hedge funds and private equity improve ESG focus yet face differing reporting and monitoring challenges
(Hedgeweek) Hedge funds and private equity are both improving their transparency over ESG. However, while on the private equity side, ESG is more seen as an investment opportunity, complexities remain on the hedge fund side around issues of reporting and […]
SEC Obtains Emergency Relief, Charges Investment Adviser and Its Principal with Operating $110 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action to stop a fraudulent Ponzi scheme allegedly perpetrated by Marietta, Georgia resident John Woods and two entities he controls: registered investment adviser Livingston Group Asset Management Company, d/b/a Southport […]
Tim Cook receives over five million shares of Apple stock worth $750 million
(CNBC) Apple CEO Tim Cook received more than five million shares of Apple stock this week, selling most of the stock for more than $750 million, according to an SEC filing posted by Apple on Thursday. The tranche of stock […]