Monthly Archives: August 2020
Former Investment Adviser Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged Jack Brewer with insider trading in the securities of COPsync, Inc. Brewer sold over $100,000 of COPsync stock in advance of a company announcement that caused the stock price to fall. According […]
Healthcare hedge fund Rhenman eyes “intense” Covid-19 vaccine activity
(Hedgeweek) Rhenman & Partners Asset Management, a Stockholm-based hedge fund firm which invests in global healthcare stocks, is optimistic about a post-US election market bounce, and points to “intense activity” among vaccine developers working on a treatment for Covid-19. To […]
Trend following hedge funds enjoy summer surge with best monthly performance this year
(Hedgeweek) Trend following hedge fund managers gained ground in July following a patchy first half of 2020, notching up their best monthly performance so far this year by capitalising on soaring gold prices and emerging trends against the US dollar. […]
Fed’s Kashkari warns of a ‘greater catastrophe’ that could make the last few months feel like ‘just a warm-up’
(Marketwatch) That’s Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, sharing his thoughts in a recent New York Times op-ed co-authored with Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of […]
Gold Rising to $4,000 an ounce ‘Would Not Be An Unreasonable Move,’ Fund Manager says
(Marketwatch) Stocks and bonds may be in an asset bubble, as record-low interest rates and a tremendous increase in the money supply have sent prices soaring this year. Add gold, which has risen 35% to $2,049 an ounce Aug. 5, […]
Chicago Fed’s Evans says stalled stimulus negotiations are ‘an unfortunate development’ for the economy
(Marketwatch) The stalled efforts by White House officials and Congressional Democrats is “an unfortunate development” for the U.S. economy, said Chicago Fed President Charles Evans on Sunday. Fiscal policy has been unbelievably important during the initial phase of the shutdown […]
Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion
(CNBC) Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they’ve gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, […]
SEC Charges Affiliated Advisers for Misrepresentations About Payment for Order Flow Arrangements
(HedgeCo.Net) The Securities and Exchange Commission today filed settled charges against affiliated registered investment advisers WBI Investments Inc. and Millington Securities Inc. for making material misrepresentations to clients about compensation Millington received in an institutional payment for order flow arrangement […]
Trump says he’s in favor of plan to give $25 billion more to struggling airline industry
President Donald Trump on Wednesday expressed support for a plan to provide another $25 billion in federal aid to U.S. airlines, which have been devastated by the coronavirus pandemic. To read this article:
Stock futures fall in overnight trading as Trump issues executive orders on Chinese apps
Futures tied to major U.S. equity averages traded in negative territory as U.S.-China tensions continued to heat up. Dow Jones Industrial Average futures slipped about 100 points. S&P 500 futures and the Nasdaq 100 futures also traded in negative territory. The overnight […]
Bezos sells more than $3 billion in Amazon shares
(CNBC) (CNBC) Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. To read this article:
Institutional investors saw very healthy median returns in Q2 2020
(Opalesque) Institutional assets posted an all-plan median return of 11.07 percent for the second quarter and 3.36 percent for the year ending June 30, 2020, said a study by Wilshire Trust Universe Comparison Service (Wilshire TUCS). To read this article: […]