Monthly Archives: September 2022
Hudson Advisors and Lone Star Global Charged for Failing to Disclose Fund Fees Included $50 Million in Tax Liability
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against registered investment advisers Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd. for including Hudson’s owner’s anticipated income tax liability as a component of certain fees charged to 14 private […]
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
(CNBC) Goldman Sachs is planning on cutting several hundred jobs this month, making it the first major Wall Street firm to take steps to rein in expenses amid a collapse in deals volume. The bank is reinstating a tradition of […]
SkyBridge Capital to sell 30 per cent stake to FTX Ventures
(CNBC) SkyBridge Capital, has secured an investment worth 30 per cent of the business from FTV Ventures, a $2 billion venture capital firm based in Nassau, Bahamas, according to a report by Finance Magnates. To read this article:
Tuesday’s inflation report could show prices moderating as gasoline and travel costs fall
(CNBC) Inflation is still sizzling hot but is expected to have moderated in August, as gasoline prices dropped, supply chains improved and the cost of travel fell. The consumer price index will be released Tuesday at 8:30 a.m. ET, and […]
Stock futures are flat as Wall Street awaits key inflation report
(CNBC) Stock futures were little changed Tuesday morning as investors waited for Tuesday’s consumer price index report, an important inflation data point ahead of the Federal Reserve’s September meeting. Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq […]
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
(CNBC) Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch a powerful market breakout. “This is actually what’s being […]
Whampoa Group to launch crypto-related hedge and VC funds
(Hedgeweek) Singapore-based multi-family office Whampoa Group is planning niogn to raise $50 million for a new cryptocurrency hedge fund and also deploy $100 million via a venture capital fund focused on the same space, according to a report by Bloomberg. […]
U.S. judge sets October 2023 trial for Archegos founder Bill Hwang
(Reuters) Bill Hwang, the Archegos Capital Management founder accused of saddling banks with $10 billion of losses from highly leveraged trades that went sour, will go on trial in October of next year on racketeering and fraud charges, a U.S. […]
SEC Charges “Money Magnet” Promoter and Company with Offering Fraud Totaling Approximately $300,000
(HedgeCo.Net) The Securities and Exchange Commission has charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins, with fraudulently raising funds and misappropriating those funds from investors. The SEC’s complaint alleges that, between late 2020 and early […]
Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions
(CNBC) Coinbase is footing the bill for a lawsuit filed against the Treasury Department Thursday by users of the recently sanctioned crypto service, Tornado Cash. The six plaintiffs include Coinbase employees and other users of the mixing service that was […]
Stock futures are little changed as traders consider Powell’s latest comments on inflation
CNBC) U.S. stock futures were little changed on Thursday night following a choppy trading session as traders considered Federal Reserve Chair Jerome Powell’s latest comments on inflation. Dow Jones Industrial Average futures rose by 30 points, or 0.09%. S&P 500 […]
Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’
(CNBC) Federal Reserve Chair Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining […]