Monthly Archives: February 2021
SEC Charges Morningstar Credit Ratings With Disclosure And Internal Controls Failures
(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS). Credit ratings […]
Managed futures hedge funds are rebounding following last month’s losses
(Hedgeweek) Managed futures hedge funds have mounted an impressive fightback in recent weeks after finishing last month in the red, with new data showing its key CTA and trend-following indices storming into positive territory at February’s mid-way point. To read […]
Jeff Bezos overtakes Elon Musk to reclaim spot as world’s richest person
(CNBC) Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares […]
Consumer spending expected to see boost in January, helped by stimulus checks
(CNBC) Aided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue to gain momentum as more of the economy reopens. Economists expect retail sales rose by 1.2% after […]
Justice Department seeks more information on Salesforce’s $27 billion deal for Slack
(CNBC) The U.S. Justice Department’s Antitrust Division has asked Salesforce and Slack for more information ahead of Salesforce’s plan to buy the smaller software company for $27 billion, Salesforce said Tuesday. The development could indicate greater scrutiny into prominent technology […]
Elon Musk’s SpaceX raised $850 million, jumping valuation to about $74 billion
(CNBC) SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing to about $74 billion. To read this article:
Hedge fund founder invests USD32m in satellite start-up
(Hedgeweek) Umbra, a Santa Barbara-based intelligence and technology company, has raised USD32 million in an equity financing led by the family office venture fund of John Burbank, founder of hedge fund Passport Capital. To read this article:
SEC Files Fraud and Other Charges in Connection with a Fraudulent Investment Adviser and Private Fund Enterprise
(HedgeCo.Net) The Securities and Exchange Commission charged Stephen Scott Moleski (a/k/a Steve Scott) and David Michael with fraud in connection with an investment adviser and private fund enterprise they operated. The SEC also charged Moleski, Michael, and their agent, Erik […]
Majority of hedge funds see positive performance in January, but larger funds lag
(Opalesque) Hedge funds started 2021 on a high note with average industry performance of +1.02% with 59% of funds seeing positive results for the month, according to the just released eVestment January 2021 hedge fund performance data. This follows a […]
Bitcoin hits a record high of nearly $50,000 as major firms flock to crypto
(CNBC) Bitcoin’s price reached a new record high of almost $50,000 on Sunday, as major Fortune 500 companies showed support for digital currencies. The world’s largest cryptocurrency by market value surged more than 5% to an all-time high of $49,716 […]
Attention bitcoin investors: Top strategist sees a troubling trend amid record market inflows
(CNBC) As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend. Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high […]
Bank of America names the emerging market currencies to back as inflation risks mount
(CNBC) With global demand returning and supply bottlenecks likely to drive up shipping, food and energy prices, Bank of America believes emerging market inflation could be on the horizon. A note distributed to EEMEA Cross Asset Strategist David Hauner highlighted […]