Monthly Archives: August 2020
Widespread overconfidence is putting investors in a dangerous situation, Invesco’s Kristina Hooper warns
(CNBC) Invesco’s Kristina Hooper is worried overzealous investors are getting swept up in market momentum. Whether it’s optimism or pessimism, she warns they’re becoming dangerously overconfident about where the market is heading next. “People have become very set in their […]
Apollo’s Leon Black to be subpoenaed in Epstein case
(Reuters)- Officials in the U.S. Virgin Islands want the billionaire investor Leon Black, one of the most powerful men on Wall Street, to hand over information about his decades-long business ties to the convicted sex offender Jeffrey Epstein, the New […]
Hedge fund to close after ‘grave mistake’ in Neiman Marcus bankruptcy
(Reuters) Distressed investment firm Marble Ridge Capital plans to wind down its funds after a government report called into question the actions of its managing partner, Dan Kamensky, during the Neiman Marcus Group bankruptcy, the firm said. To read this […]
Citadel Securities, hedge fund Citadel to open new office in Singapore
(Reuters) – Chicago-based hedge fund Citadel and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, will open a new office in Singapore, Citadel said on Monday. To read this article:
CFTC Orders Toronto-Based Firm to Pay $500,000 for Violating Capital, Reporting, and Supervision Rules
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order filing and settling charges against OANDA Corporation, a futures commission merchant (FCM) and retail foreign exchange dealer (RFED) headquartered in Toronto, Canada, for violating certain capital, reporting, and supervision rules. […]
Market timing when ‘clocks have no hands’ — Warren Buffett’s warning is as relevant now as it was in 2000
(Marketwatch) “The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs,” Buffett wrote in the letter. “Nothing sedates rationality like large doses of effortless money.” To […]
Professional investors adopt lower risk, lower return strategies amid coronavirus crisis
(CNBC) The coronavirus crisis has led to a significant shift in the investment strategies of European institutional real estate investors, said a study. 58% of the 150 professional investors in Germany, France, and the UK surveyed by Union Investment for […]
Markets look to the Fed again to build on S&P 500 record as Congress continues to disappoint
(CNBC) Market pros hold out little hope that Congress will agree to a stimulus package before September, but they will look to Jerome Powell in the coming week to provide a roadmap for what else the Fed might do to […]
Stock futures rise slightly in overnight trading as market looks to extend record-setting rally
(CNBC) Stock futures climbed slightly higher in overnight trading on Sunday as Wall Street tries to build on a record-setting week. Futures on the Dow Jones Industrial Average rose about 50 points, indicating a 30-point gain at Monday’s open. The […]
Hedge fund fees — whether or not you make money — are truly shocking
(Marketwatch) If you already see hedge fund fees as exorbitant, you ain’t seen nothing yet. Over the past two decades, the hedge fund industry has kept 64 cents of every dollar of gross profits that it has generated above the […]
SEC Wins Summary Judgment Against Florida Unregistered Dealers
(HedgeCo.Net) Judge Marcia G. Cooke of the United States District Court for the Southern District of Florida granted the SEC’s motion for summary judgment against Ibrahim Almagarby and his company, Microcap Equity Group, LLC (MEG). The SEC’s complaint alleged that […]
Hedge funds see USD15.1bn in inflows in June, says Backstop BarclayHedge
(Hedgeweek) Hedge funds reversed course in June from the pandemic-driven redemption trend of prior months, posting USD15.1 billion in inflows. It was a significant turnaround from USD8.0 billion in outflows in May, USD38.1 billion in April and USD85.6 billion in […]