Monthly Archives: September 2020
Bullish market activity in 2021 will cost jobs, $7 billion money manager predicts
(CNBC) Money manager Kevin Nicholson expects the stock market to stabilize and rise in early 2021. But the co-chief investment officer of global fixed income at RiverFront Investment Group warns it’ll come at a cost to the jobs market. To […]
Apollo jumps into impact investing with a new team
Opalesque) Apollo Global Management is venturing into the world of impact investing, following some of its biggest peers in targeting funds dedicated to sustainability. The New York-based global alternative investment manager announced the leadership team for the new platform known […]
A low-profile investor who bet on Snowflake eight years ago is up more than $12 billion after IPO pop
(CNBC) Two months after Facebook’s massive IPO in 2012, venture capitalist Mike Speiser was a few miles away from the social networking company, incubating a software start-up from his nondescript office near a movie theater in Palo Alto, California. The […]
Warren Buffett’s Berkshire Hathaway just made a fast $800 million on Snowflake’s surging IPO
(CNBC) Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast billion bucks from a type of investment he once mocked. Berkshire Hathaway bought $250 million worth of Snowflake stock at the IPO price and […]
Hedge funds weighed down by “clunky” trading processes risk further hit from volatility spike
(Hedgeweek) Outdated trading systems and clunky manual processes are hampering hedge funds’ efforts to swiftly execute trade orders to the market, resulting in an annual hit of some USD8 million – which could worsen in the event of renewed volatility […]
Hedge fund industry up 2.42 per cent in August, says Backstop BarclayHedge
(Hedgeweek) As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42 per cent in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of […]
Fed picks its side in inflation debate and sends market a message — no rate hikes for years
(CNBC) The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does. Stocks initially surged after the Fed released its post-meeting statement and its latest economic […]
Unregistered ICO Issuer to pay $6-Million Penalty for Distribution to Harmed Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Unikrn Inc., an operator of an online eSports gaming and gambling platform headquartered in Seattle, Washington, for conducting an unregistered initial coin offering (ICO) of digital asset securities. Unikrn agreed to settle […]
Altegris reemerges as an independent alternatives boutique
(Opalesque) Altegris Holdings and Artivest Holdings today announced they have entered into a definitive agreement under which Matt Osborne, Altegris Co-Founder and Artivest Chief Investment Officer, in partnership with Continuum Capital Managers, co-founded by Doug Grip and Steve Vanourny, will […]
SEC Charges Arizona-Based Financial Services Companies and Their CEO with Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged two Arizona-based financial service companies and their chief executive officer with defrauding investors of approximately $2.9 million by making false and misleading statements about the companies’ revenue and its business prospects. The […]
Fifth straight month of hedge fund gains fuels investor confidence
(Opalesque) As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42% in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. […]
Stock futures flat as investors await Fed meeting
(CNBC) U.S. stock futures were flat in overnight trading as investors readied for comments from the Federal Reserve on Wednesday. Dow futures dipped 20 points. S&P 500 and Nasdaq 100 futures were also set to open flat, with losses of […]
