Monthly Archives: September 2022
MicroStrategy Chair Michael Saylor accused of evading $25 million in taxes by DC attorney general
(CNBC) District of Columbia Attorney General Karl Racine accused MicroStrategy co-founder and Executive Chairman Michael Saylor of evading $25 million in district taxes in a lawsuit filed Wednesday. The lawsuit also names MicroStrategy as a defendant. Racine alleges the company […]
Stock futures fall after Wall Street closed out August with losses
(CNBC) U.S. stock futures fell on Thursday morning after the major averages closed out August with losses and investors considered the Federal Reserve’s fight against inflation. Dow Jones Industrial Average futures fell by 140 points, or 0.44%. S&P 500 and […]
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
(CNBC) Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central bank can ease off in its fight against inflation. Mester, a voting member this year of the rate-setting Federal Open Market […]
Nvidia stock falls after U.S. government restricts chip sales to China
(CNBC) Nvidia shares fell 6.5% in extended trading on Wednesday after the company said the U.S. government is restricting sales in China. In a filing with the SEC, Nvidia said the U.S. government told the company on Aug. 26, about […]
Window of opportunity for hedge fund flows in H2
(Hedgeweek) As both public and private markets enter a period of turbulence and drawdowns, hedge funds are set to prove popular with investors in the second half of 2022, as the recession and geopolitical volatility all play to the industry’s […]
SEC proposes rules urging hedge funds, endowments to disclose votes
(Yahoo-Finance) The top U.S. securities regulator on Wednesday proposed requiring large hedge funds and endowments to disclose how they vote on executive pay, bringing this clutch of influential investors in line with other top funds that have made their pay […]
Ex-Goldman Compliance Analyst Charged with Insider Trading
(Reuters) A U.S. regulator on Wednesday charged a former Goldman Sachs Group Inc senior compliance analyst with insider trading, saying he made illegal trades involving banking clients while working in Warsaw, Poland. To read this article:
Senate reaches a deal to avoid a government shutdown
(CNBC) The New York Democrat said he has scheduled a vote on the stopgap measure for Thursday morning. The bill would keep the government running into early December, according to Schumer. The deal would still need to pass the House. […]
Fed Chair Powell calls inflation ‘frustrating’ and sees it running into next year
(CNBC) Federal Reserve Chairman Jerome Powell still expects inflation to ease eventually, but said Wednesday that he sees the current pressures running into 2022. Assessing the current economic situation, the Fed chief said during a panel discussion hosted by the […]
Dow futures jump 200 points after rising rates hit tech stocks on Wall Street
(CNBC) U.S. stock index futures rose during early morning trading on Thursday, after tech stocks dipped again as investors digest the impact from higher rates. Futures contracts tied to the Dow Jones Industrial Average gained 213 points. S&P 500 futures […]
Former IIIinois Investment Adviser Charged with Fraud for Misappropriating Client Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged former Rockford, Illinois-area investment adviser Naseem Mohammed Salamah for allegedly defrauding his advisory clients out of nearly $1 million. According to the SEC’s complaint, filed in the U.S. District Court for the […]
Larger funds of hedge funds dominate in H1, Citco data shows
(Hedgeweek) Funds of hedge funds generated an average gain of 4.2 per cent during the first six months of the year, outflanking long/short equity hedge funds and convertible arbitrage strategies, with larger portfolios pulling ahead of the pack as bigger […]