Category Archives: Syndicated
Investment Professional Charged by SEC Sentenced to Three Years in Prison
(HedgeCo.Net) Marcus Boggs, whom the SEC charged in August 2019 with stealing more than $1.7 million from at least three of his investment advisory clients, was sentenced in a parallel criminal case to 42 months in prison. The criminal charges […]
Private equity secondaries AUM reaches $300bn
(Opalesque) Private equity secondaries make up the largest part of the private debt secondaries. AUM in this area has increased significantly over a short period of time, rising 23.4% from $243bn at the end of 2019 to $300bn as of […]
Wall Street is telling investors to prepare for the two big spending bills Congress is set to pass
(CNBC) Major Wall Street brokerages are urging clients to look past Democratic infighting and prepare for a torrent of new government spending as House Speaker Nancy Pelosi brings two historic measures up for a vote. To read this article:
Stocks rally to start the week, Nasdaq closes at record after Pfizer vaccine approval
(CNBC) Stocks finished higher Monday following a volatile week on Wall Street, led by reopening stocks as the Food and Drug Administration approved its first Covid-19 vaccine. The S&P 500 added 0.8% to reach 4,479.53, just shy of a record […]
Branson’s Virgin Orbit to list through SPAC merger at $3.2 bln valuation
(Nasdaq) Virgin Orbit, the small satellite launch service which is a part of billionaire Richard Branson’s conglomerate, said on Monday it is going public through a merger with a blank-check vehicle in a deal that values it at $3.2 billion. […]
Treasury yields are mixed with key Fed policy event in focus
(CNBC) “Despite a shot of exuberance felt across risk assets during Monday’s trading session, treasury yields remained unresponsive as technical factors within the government bond market continue to weigh on yields,” said Charlie Ripley, senior investment strategist for Allianz Investment […]
Griffin’s Citadel plans to redeem $500 mln from Melvin Capital – WSJ
(US NEWS) Kenneth Griffin’s Citadel LLC and Citadel partners are planning to redeem about $500 million of the $2 billion they invested in Melvin Capital. Together with Steven A. Cohen’s Point72 Asset Management, Griffin’s Citadel had invested $2.75 billion in […]
Bitcoin tops $50,000, hitting a more than 3-month high
(CNBC) Bitcoin hit $50,000 on Sunday to reach a more than 3-month high, as the cryptocurrency continues to rebound. The digital coin rose above that level around 10:40 p.m. ET on Sunday, according to data from CoinDesk. To read this […]
Stock futures are flat in overnight trading after a losing week
(CNBC) Stock futures were flat in overnight trading on Sunday after volatile week on Wall Street as investors eye a key event where the Federal Reserve could hint at prospects for tapering stimulus. Futures tied to the Dow Jones Industrial […]
Fed officials will seek to avoid a tantrum as they keep ‘taper talk’ going at key summit
(CNBC) The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers meet virtually for a key annual summit. Rather than convening amid the backdrop of the Grand […]
Fed’s Jackson Hole symposium to take place virtually due to Covid risk
(CNBC) The Federal Reserve’s annual Jackson Hole, Wyo., symposium will take place virtually this year due to Covid risks, the Kansas City Fed announced Friday. “While we are disappointed that health conditions will prevent us from being able to gather […]
Sellers continue to utilize secondaries as a portfolio management tool
(Opalesque) The private equity secondary market continues to grow and remain active with over 1,100 potential sellers and 1,450 potential buyers, revealed a study. According to Preqin Secondary Market Update H1 2021, while potential sellers of fund stakes are varied, […]