Monthly Archives: September 2019
Global Negative Interest Rates, What Can Go Wrong and What Should Investors Do?
(HedgeWeek) Globally coordinated monetary stimulus prevented a potential economic meltdown in 2008 and helped create a quick rebound in the capital markets. We have since seen the longest economic expansion on record. Unfortunately, the effectiveness of monetary stimulus declines the […]
Billionaire Hedge Fund Manager Tom Steyer clears hurdle to join U.S. Democratic debate in October
(Reuters) – U.S. Democratic presidential hopeful Tom Steyer, a billionaire environmentalist and political donor, said on Sunday he has qualified to participate in the fourth Democratic debate in October, putting him on stage alongside the leading contenders for the first […]
Years of forex market calm sends currency funds to the wall
(Reuters) – The Chinese yuan’s tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut down this year, and it may be too small […]
Fannie Mae, Freddie Mac shares tumble as Treasury overhaul plan disappoints
(Reuters) – Shares of Fannie Mae and Freddie Mac slumped on Friday amid disappointment over a long-awaited U.S. Treasury Department plan to begin recapitalizing the mortgage giants and return them to private control after their bailout during the 2008 financial […]
Los Angeles-Based Company and Two Executives Charged for Their Roles in $19 Million Illegal Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged Toon Goggles Inc., a Los Angeles-based company that offers on-demand entertainment content for children, and its founder, Ira Warkol, for conducting a $19 million illegal securities offering. The SEC also charged Warkol […]
A hedge fund lost $1 billion in August betting on Argentina’s economy recovering
(CNBC) One of the better-performing hedge funds reportedly took a heavy loss last month, as a big bet on Argentina’s economy went sour. Autonomy Capital lost about $1 billion, or about 23%, in August after taking a large position in […]
Martin Shkreli sues investor over $420,000 debt that the ‘Pharma Bro’ owes the man’s dad
(CNBC) Notorious “Pharma Bro” Martin Shkreli on Friday filed suit in federal court in Brooklyn against a Florida man, accusing him of fraudulently inducing Shkreli into signing a promissory note that has left him owing $420,000 to the man’s father. […]
Gold inches up on hopes of economic stimulus
(CNBC) Gold prices edged higher on Monday, after falling nearly 1% in the previous session, on expectations of monetary policy easing by the world’s major economies amid soft economic data, although an uptick in equities limited gains. To read this […]
Nasdaq’s adds fundamental crypto rating and price forecasting data to Quandl
(Hedgeweek) Nasdaq has partnered with Blockchain Investments & Co, a thesis-driven crypto investment management fund and data provider, to add descriptive, rating, correlation, forecasting and sentiment crypto asset data to Quandl, Nasdaq’s institutional data platform. To read this article:
No-deal Brexit increases risk of breakup of the UK
(Opalesque) DBRS considers that diverging views on Brexit among citizens in the UK could inadvertently lead to the breakup of the Union. DBRS reviews the implications of no-deal scenarios and their potential impact on the unity of the United Kingdom. […]
Strong CTA performance extends through August
(Opalesque) CTAs reported positive performance again in August, following a strong July, says Societe Generale (SG). The SG CTA Index was up 3.45%, adding to gains of over 10% year-to-date for these firms, which would put them on track for […]
CEE-focused Innova closes the sixth fund on $300m
(Opalesque) Central and Eastern Europe (CEE)-focused PE firm Innova Capital has pulled in EUR271m ($300m) for the final close of its sixth buyout fund Innova/6. Over 60% of the committed capital came from prior fund participants, with remaining commitments provided […]