Category Archives: Syndicated
Apollo Global CEO Leon Black paid sex predator Jeffrey Epstein $158 million for financial advice after conviction
(CNBC) Apollo Global Management CEO Leon Black paid child sex predator Jeffrey Epstein $158 million for financial advice from 2012 through 2017, despite knowing Epstein pleaded guilty to paying an underage girl for sexual services in 2008, a probe by […]
Citadel, Point72 to invest $2.75 billion in hedge fund Melvin Capital
(Reuters) Melvin Capital Management said on Monday it would receive an investment of $2.75 billion from Citadel, the Chicago-based hedge fund led by Ken Griffin, and billionaire investor Steven A. Cohen’s Point72 Asset Management. The infusion is expected to help […]
Hedge fund manager Dalio says bipartisan effort needed for post-pandemic world
(Reuters) Billionaire investor Ray Dalio, who founded the world’s largest hedge fund, said on Monday that all sides need to collaborate to reconfigure capitalism for a post-pandemic world. To read this article:
Janet Yellen gets Senate confirmation as first woman to lead the Treasury Department
(CNBC) Janet Yellen cleared her final hurdle Monday on her historic path to secretary of the Treasury Department, gaining overwhelming Senate confirmation for the key economic position. To read this article:
Stock futures down slightly ahead of busy day of corporate earnings
(CNBC) U.S. stock futures fell slightly Monday evening as Wall Street geared up for the heart of corporate earnings seasons. Futures contracts tied to the Dow Jones Industrial Average fell more than 90 points, or about 0.3%. Those for the […]
Bitcoin, crypto inflows hit record last week: CoinShares
(Reuters) Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices, according to the latest […]
Wall Street hedges against possible bumps in U.S. vaccine rollout
(Reuters) As U.S. stock prices have marched to record highs, futures contracts for Wall Street’s “fear gauge” show some investors are buying insurance against market turbulence that could erupt if surprise glitches hit the U.S. rollout of COVID-19 vaccines. To […]
Global VC funding soars to $300bn in 2020, the second-highest level ever, next to 2018
(Opalesque) Global VC funding in 2020 was $300.5 billion – up from $281.6 billion in 2019 and second only to 2018’s record $329.7 billion despite a drop in deal volume. According to the KPMG Private Enterprise Venture Pulse report, despite […]
More than 50% of institutional and professional investors will have exposure to digital assets in 2021
(Opalesque) More than 50% of institutional and professional investors will have exposure to digital assets in their portfolios by year-end, said a study. This would mark 2021 as a tipping point where investors go from evaluating the opportunity to act. […]
Hedge fund asset volumes are setting new records, as uncorrelated gains draw more investor money
(Hedgeweek) Total global hedge fund assets under management have mushroomed to a record USD3.6 trillion, thanks to defensive outperformance and opportunistic gains during 2020’s upheaval – though the biggest firms continue to take the lion’s share of investor capital as smaller names […]
Mike Speiser and Sutter Hill are changing the rules for venture investing
(CNBC) Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its […]
Stock futures jump ahead of the busiest week of earnings
(CNBC) U.S. stock index futures rose in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial […]