Monthly Archives: August 2021
SEC Charges Investment Adviser, Others with Fraud in Offering of Promissory Notes
(HedgeCo.Net) The Securities and Exchange Commission has charged registered investment adviser Fusion Analytics Investment Partners, LLC (FAIP) and its CEO Michael J. Conte with breaches of fiduciary duty and, along with Fusion Analytics Holdings, LLC (Fusion Holdings), with fraud in […]
Bitcoin ‘whales’ jump back into market during cryptocurrency’s rebound to $50,000
(CNBC)Bitcoin’s biggest investors appear to be upping their positions as the price recovers. Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data from blockchain […]
Goldman Sachs to require all people entering its offices to be fully vaccinated against Covid-19
(CNBC)Goldman Sachs said Tuesday that only vaccinated people can enter its buildings starting next month. The leading global investment bank said the new policy starts Sept. 7 and applies to everybody, including employees and clients, according to a memo sent […]
GameStop surges 27% to lead meme stock rally in otherwise boring market
(CNBC) Meme stock king GameStop rallied 27% on Tuesday as some retail investors came back in full force despite an otherwise quiet market. The video game retailer surged as much as 36.5% to $225 apiece in heavy trading volume. More […]
Hedging activity stays lively, despite volatility falling in August
(Hedgeweek) Hedging activity remains robust despite overall market volatility levels falling during August, with sustained demand among hedge funds for volatility products holding up in recent weeks, according to new analysis by Man Group. To read this article:
Investment Professional Charged by SEC Sentenced to Three Years in Prison
(HedgeCo.Net) Marcus Boggs, whom the SEC charged in August 2019 with stealing more than $1.7 million from at least three of his investment advisory clients, was sentenced in a parallel criminal case to 42 months in prison. The criminal charges […]
Private equity secondaries AUM reaches $300bn
(Opalesque) Private equity secondaries make up the largest part of the private debt secondaries. AUM in this area has increased significantly over a short period of time, rising 23.4% from $243bn at the end of 2019 to $300bn as of […]
Wall Street is telling investors to prepare for the two big spending bills Congress is set to pass
(CNBC) Major Wall Street brokerages are urging clients to look past Democratic infighting and prepare for a torrent of new government spending as House Speaker Nancy Pelosi brings two historic measures up for a vote. To read this article:
Stocks rally to start the week, Nasdaq closes at record after Pfizer vaccine approval
(CNBC) Stocks finished higher Monday following a volatile week on Wall Street, led by reopening stocks as the Food and Drug Administration approved its first Covid-19 vaccine. The S&P 500 added 0.8% to reach 4,479.53, just shy of a record […]
Branson’s Virgin Orbit to list through SPAC merger at $3.2 bln valuation
(Nasdaq) Virgin Orbit, the small satellite launch service which is a part of billionaire Richard Branson’s conglomerate, said on Monday it is going public through a merger with a blank-check vehicle in a deal that values it at $3.2 billion. […]
Treasury yields are mixed with key Fed policy event in focus
(CNBC) “Despite a shot of exuberance felt across risk assets during Monday’s trading session, treasury yields remained unresponsive as technical factors within the government bond market continue to weigh on yields,” said Charlie Ripley, senior investment strategist for Allianz Investment […]
Investment Adviser Charged with Operating a Fraudulent Scheme and Misappropriating $58-Million
(HedgeCo.Net) The Securities and Exchange Commission charged a San Antonio, Texas-based investment adviser with operating a years-long fraudulent scheme that raised approximately $58 million from nearly 300 investors in two investment funds. The SEC’s complaint alleges that Robert J. Mueller […]