Monthly Archives: September 2021
SEC Obtains Emergency Relief, Charges Couple Who Operated $18 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme perpetrated by Shakopee, Minnesota residents Jason Dodd Bullard and Angela Romero-Bullard […]
Steinbrugge: Why the next 15 months will be the greatest asset raising environment in history of hedge funds
(Opalesque) The next 15 months will be the greatest asset-raising environment in the history of the hedge fund industry, according to Donald A. Steinbrugge, founder and CEO of Agecroft Partners, a U.S.-based consulting and marketing firm. Asset flows will be […]
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
(CNBC) The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May. The price action comes on the day El Salvador is set to adopt the largest cryptocurrency by market cap as legal […]
Grayscale CEO calls SEC ‘shortsighted’ after regulator’s comments on approval of a bitcoin ETF
(CNBC) The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission Chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO […]
A sharp rise in wages is contributing to worries over inflation
(CNBC) Now might be a good time for the Federal Reserve to start worrying about inflation. August’s jobs report, besides being a big disappointment on the 235,000 headline number, also showed that wages are rising even with weak hiring. Average […]
Stock futures are flat in overnight trading after Dow’s 260-point loss
(CNBC) Stock futures were flat in overnight trading on Tuesday after the Dow Jones Industrial Average fell more than 200 points as investors reassessed growth outlook following a smooth ride in the market this year. Futures on the Dow dipped […]
Hedge funds in historic double-down on higher U.S. yields:
(Reuters) Not only are hedge funds ramping up their bets on a higher 10-year U.S. Treasury yield, they are doing so on a historic scale. The latest move in Commodity Futures Trading Commission positions suggests speculators were undeterred by the […]
The Kraft Heinz Company to Pay $62-Million for Allegedly Engaging in Years-Long Accounting Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting. The SEC also charged Kraft’s former Chief Operating Officer […]
Investors are turning increasingly bullish on hedge funds, new Barclays outlook shows
(Hedgeweek) The resurgent investor appetite for hedge funds is underlined in new data from Barclays’ Prime Services Capital Solutions unit, which shows allocator flows turning positive for the first time in four years, new hedge fund launches outweighing liquidations, increased […]
Goldman lines up $5 bln Petershill private equity asset float
(Reuters) Petershill, which takes minority stakes in alternative assets managers including private equity, venture capital and hedge funds, will be a standalone company operated by the Goldman Sachs Asset Management team, it said on Monday. To read this article:
Hedge funds in historic double-down on higher U.S. yields
(Reuters) Not only are hedge funds ramping up their bets on a higher 10-year U.S. Treasury yield, they are doing so on a historic scale. To read this article:
Stocks could look right past the weak jobs report and focus on strong profits
(CNBC) After a weak jobs report, strategists say investor focus may stay on strong profit growth rather than other potential negatives. Stocks were mixed in the past week ahead of the long Labor Day weekend, with the Nasdaq outperforming, the […]