Monthly Archives: November 2020
Billionaire Leon Cooperman started with nothing: ‘I had negative net worth’
(CNBC) Billionaire investor Leon Cooperman wasn’t always rich. The Omega Family Office chairman/CEO was born to working-class Polish immigrants and grew up in a one-bedroom apartment in New York City’s South Bronx neighborhood. His father was a plumber. To read […]
Federal Court Orders Colorado Company and its Principal to Pay Over $900,000 for Digital Asset and Forex Ponzi Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the District of Colorado entered a judgment against defendants Venture Capital Investments LLC (VCI) and its principal and manager Breonna Clark d/b/a Eliot Clark d/b/a Alexander Pak […]
Hedge fund side letters survey reveals increase in fee discount clauses
(Hedgeweek) A new Seward & Kissel study into the use of side letters in the hedge fund industry shows fee discount clauses are now the most common issue raised by investors in such agreements, while the number of smaller hedge […]
Wall Street cheers U.S. election removing major tax-hike threat
(Reuters) – Wall Street breathed a sigh of relief on Wednesday, as the latest U.S. election tallies pointed to a divided government that made the prospect of tax hikes advocated by Democratic presidential candidate Joe Biden unlikely. To read this […]
SEC Charges Investment Adviser with Fraudulent Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged an unregistered investment adviser, who allegedly concealed his criminal past, with defrauding his clients through the offer and sale of investments in a fictitious investment fund, and misappropriating a large portion of […]
Election 2020 live results: Trump and Biden locked in tight race with focus on Rust Belt — vote counting could take days
(CNBC) President Donald Trump addressed supporters early Wednesday from the White House and tried to claim victory in the presidential election, even as states across the U.S. continue to count millions of legally cast ballots. NBC News also has not […]
Dow futures fall 300 points as election night fails to yield clear winner
(CNBC) S&P 500 futures fell in volatile trading Wednesday as results of the presidential election rolled in without a clear winner yet. Futures for the Nasdaq 100 index, home to many tech stocks, outperformed, but broader market gains were capped […]
Market is overestimating odds of a decisive election, BTIG’s Julian Emanuel warns
(CNBC) BTIG’s Julian Emanuel is bracing for market upheaval. The firm’s chief equity and derivatives strategist warns the latest rally is built on a flawed assumption there will be a decisive winner in the presidential election. To read this article:
Crispin Odey steps back from running hedge fund firm
(Reuters) Crispin Odey is to step back from running his London-based hedge fund firm as part of an overhaul of the group and instead focus on managing money for clients, the firm said on Tuesday. Odey, one of Britain’s highest-profile […]
Hedge funds net $1 billion from short selling FTSE 100 stocks, as Covid and Brexit propel volatility
(Hedgeweek) Hedge funds made more than USD1 billion from short positions in FTSE 100 companies during October’s stock market volatility, as managers capitalised on renewed uncertainty over the coronavirus pandemic and heightened fears of a no-deal Brexit. To read this […]
A unique opportunity for private equity firms
(Hedgeweek) The private equity industry is currently navigating a number of challenges in addition to the Covid-19 pandemic, which the whole world is facing. As regulation and political will around environment, social and governance (ESG) factors grows, PE firms are […]
Bezos sells more than $3 billion worth of Amazon shares
(CNBC) Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last […]
