Monthly Archives: August 2020
A crisis is coming, and Americans are woefully unprepared
(Hedgeweek) By James McDonald, CEO/CIO of Hercules Investments – America is in bad shape. While the rest of the world seems to be moving past the Coronavirus, the US is still experiencing record deaths nationwide. Americans continue to struggle just […]
Brookfield raises a record $23bn during Q2 2020
(Opalesque) The global alternative asset manager Brookfield Asset Management has raised a record $23 billion during the second quarter and expects to accelerate the pace of investments after the disruption caused by Covid-19. Chief executive Bruce Flatt said that Brookfield […]
Wall Street’s top analysts see stocks like Dropbox and Lumentum as compelling opportunities
(CNBC) With the S&P 500 back up near record highs, it can be a challenge to find stocks that still have further room to rally. The danger is that valuations can become inflated, leading stocks to pullback if the mood […]
Hertz’s Former CEO Charged With Aiding and Abetting Company’s Financial Reporting and Disclosure Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged former Hertz CEO and Chairman Mark Frissora with aiding and abetting the company in its filing of inaccurate financial statements and disclosures. Frissora has agreed to settle the charges and repay Hertz […]
SS&C GlobeOp Hedge Fund Performance Index up 1.82% in July
(Opalesque) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2020 measured 1.82%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.55% in August. “SS&C GlobeOp’s Capital Movement Index for August […]
Here’s how Robinhood is raking in record cash on customer trades — despite making it free
(CNBC) Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. Despite not charging customers to trade, the Silicon Valley start-up made $180 million off trades in the second quarter — […]
CFTC Orders Interactive Brokers LLC to Pay More Than $12 Million for Anti-Money Laundering and Supervision Violations
(HedgeCo.Net) The Commodity Futures Trading Commission today filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM), for failing to diligently supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and failing […]
Family office VC investment and allocation on the rise
(Opalesque) Over the last decade, family offices have been increasing allocations to venture and building in-house venture investment capabilities, primarily stemming from strong historical returns, said a study. According to SVB and Campden Wealth report, on average, venture investments constitute […]
MicroStrategy buys $250m in bitcoin, making the crypto as a primary treasury reserve asset
(Opalesque) Nasdaq-listed software firm MicroStrategy purchased 21,454 bitcoin on Tuesday, effectively pouring all $250 million of its planned inflation-hedging funds into the digital currency. Disclosing its bitcoin buy alongside an equivalent stock buyback in a Tuesday Securities and Exchange Commission […]
U.S. multiemployer pension plan funding drops to 82%
(Opalesque) The aggregate funding ratio of multiemployer defined benefit plans in the U.S. dropped to 82% as of June 30, down from 85% at the end of 2019, said a study. According to Milliman’s Multiemployer Pension Funding Study (MPFS), the […]
Stock futures rise slightly after S&P 500 struggles to reach February record high
(CNBC) U.S. stock futures rose slightly on Thursday night after the S&P 500 failed once again to reach its record high from February. Dow Jones Industrial Average futures were up 48 points, or 0.2%. S&P 500 and Nasdaq 100 futures […]
Cisco falls on disappointing quarterly guidance as revenue continues to drop
(CNBC) Cisco shares fell about 6% in extended trading on Wednesday after the maker of computer networking equipment provided a disappointing forecast. CEO Chuck Robbins told analysts during a conference call on Wednesday that the company’s chief financial officer, Kelly […]