Monthly Archives: August 2020
Lord & Taylor files for bankruptcy, becoming the latest retail casualty of the coronavirus pandemic
(CNBC) Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector. The company […]
Alibaba expanded during the health crisis — and its co-founder has advice to share
(CNBC) Leading a company through a crisis is no mean feat — and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. […]
Pharmaceutical Company and Former Executives Charged With Misleading Financial Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has announced that Bausch Health, formerly Quebec, Canada-based Valeant Pharmaceuticals, agreed to pay a $45 million penalty to settle charges of improper revenue recognition and misleading disclosures in SEC filings and earnings presentations. Three […]
Investment Adviser Firm and Its Principals Charged With Defrauding Retired NFL Players
(HedgeCo.Net) The Securities and Exchange Commission today charged a Tallahassee-based investment adviser firm and its two former principals with defrauding investors, most of whom were retired NFL players who had joined a class-action lawsuit against the league claiming they suffered […]
SEC Shuts Down $300 Million Fraud Perpetrated by San Diego Company and Its Principal
(HedgeCo.Net) The Securities and Exchange Commission today announced it has filed charges and obtained a consented-to asset freeze against San Diego-based ANI Development LLC, its principal, Gina Champion-Cain, and a relief defendant, for operating a multi-year $300 million scheme that […]
Investor confidence down by 8.7 points in August
(Hedgeweek) The State Street Global Investor Confidence Index decreased to 75.9 in August, down 8.7 points from July’s revised reading of 84.6. To read this article:
Gold bar sales up 600 per cent as no-deal Brexit looms
(Hedgeweek) The Pure Gold Company has seen a 632 per cent increase in people purchasing physical gold bars and coins over the last week, compared to the weekly average for 2019. To read this article:
More investors warm to a U.S. ultra-long bond: survey
(Reuters) – More investors are warming to the idea of owning a U.S. Treasury bond that matures beyond 30 years, but most still prefer the U.S. Treasury Department to roll out a 20-year security over an ultra-long issue, a J.P. […]
BNP Paribas plans bid for Deutsche Bank’s equity derivatives
(Reuters) – French lender BNP Paribas (BNPP.PA) plans to bid for Deutsche Bank’s (DBKGn.DE) equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, according to sources familiar with […]
Hedge Funds Got Schooled by China Education Stocks
(Bloomberg) If you’re a U.S. hedge fund manager, China’s education stocks have been a tale of two cities. A look at 180 U.S.-listed Chinese companies – from Alibaba Group Holding Inc. to BAT Group Inc. – shows that hedge funds […]
Investors Are Moving Hedge Fund Holdings to Defensive Positions
(Opalesque) The Preqin Investor Update: Alternative Assets H2 2019* finds that 74% of surveyed investors believe that equity markets are at a peak, up from 61% that said the same at the end of 2018. Just 6% believe markets are […]
US firms dominate top 10 VC investors list in IoT tech space in 2018, finds GlobalData
(Opalesque) The US was home to majority of the global top 10 venture capital (VC) investors in the Internet of Things (IoT) tech space in 2018, according to GlobalData, a leading data and analytics company. The top 10 VC investors […]