Monthly Archives: April 2022
Laying the foundations in the hedge fund start-up sphere
(Hedgeweek) For start-up and emerging managers, successfully launching and running a hedge fund is trickier than ever before. As markets ebb and flow, the level of support provided by prime brokers in the early stages remains critical. To read this article:
Global private debt funds secured $33bn of capital through 22 funds in Q1 2022
(Opalesque) Global private debt funds secured $33bn of capital through 22 funds in Q1 2022, a softer quarter compared to Q1 2021, which saw $43bn raised by 59 funds, said a study. According to Preqin’s Private Debt Quarterly Report, this […]
SEC Uncovers $194 Million Stock Schemes that Spanned Three Continents
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes […]
Senate Candidate Earned $22M as Hedge Fund CEO
(Associated Press) Dave McCormick earned more than $22 million last year as CEO of Bridgewater Associates the world’s largest hedge fund, a job he quit to run for U.S. Senate in Pennsylvania, according to a financial disclosure form that offered […]
Apollo Global Management is willing to finance a Twitter buyout, sources say
(CNBC) Private equity firm Apollo Global Management has held discussions about financing a potential takeover for Twitter, according to sources familiar with the matter. But Apollo isn’t interested in being part of a private equity consortium that would acquire the […]
World Bank slashes global growth forecast to 3.2% from 4.1%, citing Ukraine war
(CNBC) The World Bank lowered its annual global growth forecast for 2022 on Monday by nearly a full percentage point, down from 4.1% to 3.2%, citing the impact that Russia’s invasion of Ukraine is having on the world economy. To […]
Stock futures rise ahead of busy earnings day
(CNBC) Stock futures rose on Monday evening as traders navigate one of the busiest weeks of corporate earnings season. Futures tied to the Dow Jones Industrial Average added 98 points, or 0.3%, while those for the S&P 500 climbed 0.4%. […]
Market will break out of slump due to peaking inflation, Evercore ISI predicts
(CNBC) The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell […]
SEC Obtains TRO and Asset Freeze against Alleged Perpetrators of nearly $450 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations […]
S&P 500 futures slide ahead of a huge week of earnings reports
(CNBC) Stock futures fell Sunday evening as investors braced for a week of major first-quarter earnings reports ahead. Futures on the Dow Jones Industrial Average lost about 150 points, or 0.4%. S&P 500 futures shed 0.5%. Nasdaq futures were lower […]
Elon Musk’s tweets about taking Tesla private were false, new court filing says
(CNBC) In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money […]
Global venture capital funds raise $54bn in Q1 2022, an 11.1% rise compared to Q4 2021
(Opalesque) Venture capital fundraising continued at a strong pace in Q1 2022. $54bn was raised by global venture capital funds in the quarter, an 11.1% rise on Q4 2021, but an 8.8% decline in the same period last year, said […]