Monthly Archives: February 2021
SEC Suspends Trading in Inactive Issuer Touted on Social Media
(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in an inactive company amid questions surrounding online promotion of the company’s securities and recent trading activity. The SEC’s trading suspension order states that since late January 2021, certain social media […]
Bumble’s $14 billion date: Blackstone-backed dating app soars on market debut
(Reuters) – Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the dating app where women make the first move. […]
Disney said Covid-related costs shaved $2.6 billion from parks’ operating income in latest quarter
(CNBC) Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its open theme parks and the continued closure of its California parks weighed heavy on its bottom line. To read this article:
Angry customers show up at Robinhood’s headquarters in the wake of GameStop trading chaos
(CNBC) Some Robinhood traders who can’t get in touch with customer service are trying another tactic: showing up at its front door. A handful of Robinhood’s clients have driven to the start-up’s headquarters in California, demanding to speak to a […]
Hedge funds: Equity strategies deliver a net return of 20% in 2020
(Opalesque) Hedge funds performed well in 12 months of soaring volatility as returns across the asset class were +16.63% for the year, with the best-performing strategy- equities – delivering +19.64%. “Taken as a whole, equity strategies delivered a net return […]
Institutional investors ask asset managers for more transparent ESG reporting
(Opalesque) During the past five years, there has been a flood of available environmental, social, and governance (ESG) data, but investors still seek better quality, greater transparency, and improved consistency to help inform decisions, according to the latest Cerulli Edge-U.S. […]
Falcon hedge fund platform offers First Loss capital to startup fund managers
(Hedgeweek) Falcon Investment Management a multi-manager hedge fund platform, has launched its first loss program to support early-stage hedge fund managers with seed and acceleration capital. To read this article:
Global pandemic accelerated the pace of ESG investments by institutional investors
(Opalesque) The global pandemic has pushed institutional investors to amplify their efforts at ESG integration as critical risks and issues come to the fore, said a survey. According to a new survey from MSCI, which draws from a survey of […]
Fed’s Harker says inflation won’t be posing a threat anytime soon
(CNBC) Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in its way anytime soon. To read this article:
SEC Granted Injunction Against IIG Co-Founder
(HedgeCo.Net) Judge Denise L. Cote of the U.S. District Court for the Southern District of New York has entered a partial judgment against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), a formerly registered investment […]
Charles Schwab lays off 200 more employees amid TD Ameritrade integration
(CNBC) Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000 employees in October 2020. “We are taking […]
Loeb’s Third Point praises Intel, avoids crowded short positions
(Reuters) – Billionaire investor Daniel Loeb called Intel’s resources “unmatched” in the semiconductor industry and said his firm, Third Point, is “excited” to be a long-term investor. To read this article: