Monthly Archives: April 2022
SEC Charges Repeat Securities Violator David J. Bunevacz, Step-Daughter Mary Hayca Bunevacz, and Three Related Companies with Federal Securities Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged CB Holding Group Corp., Caesarbrutus LLC and their recidivist principal, David J. Bunevacz of Calabasas, California, for fraudulently raising more than $32 million from at least 40 investors. The SEC also charged […]
Macro hedge funds post gains amid high volatility in Q1
(Reuters) Macro funds this year posted their highest first-quarter performance since 1993, as fund managers navigated well amid high volatile markets, a report by hedge fund data provider HFR showed on Thursday. Macro hedge funds, which bet on macroeconomics trends, […]
Peter Thiel calls Warren Buffett a ‘sociopathic grandpa from Omaha’ and bitcoin’s ‘enemy number one’
(CNBC) At a bitcoin conference on Thursday, billionaire venture capitalist Peter Thiel said Warren Buffett tops an “enemies list” of people who are trying to stop the cryptocurrency. “Enemy number one,” Thiel said to a booing Miami crowd, is “the […]
Warren Buffett made about $650 million on HP after stake was revealed
(CNBC) HP’s stock just had its best day in more than two years, and Warren Buffett’s Berkshire Hathaway is almost $650 million richer because of it. Berkshire revealed ownership of 121 million HP shares, in a filing with the Securities […]
Stock futures little changed following Thursday’s comeback as investors assess Fed plans
(CNBC) U.S. stock futures were little changed on Thursday night after the major averages staged a late-day comeback as investors appraised the likelihood of tighter monetary policy from the Federal Reserve to combat inflation. Dow Jones Industrial Average futures edged […]
Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
(CNBC) The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most […]
Crypto trading platform eToro launches $20 million NFT fund as industry approaches inflection point
*CNBC) Trading platform eToro unveiled a $20 million fund to purchase NFTs and bolster creators. The firm announced the launch at The Bass, a contemporary art museum in Miami, Thursday. The trading platform’s fund is part of a new initiative […]
McKinsey ex-partner gets 2 years prison for insider trading on Goldman purchase
(Reuters) A former McKinsey & Co partner who helped advise Goldman Sachs Group Inc (GS.N) on its recent purchase of fintech lender GreenSky Inc was sentenced on Wednesday to two years in prison for insider trading on the takeover. The […]
Volatility surge causes liquidity strain in rate options market as Fed tightens
(Reuters) A surge in hedging to protect against aggressive Federal Reserve tightening has caused liquidity problems in the interest rate options sector, reflecting a trend that has been going on in some parts of the bond market. Strong demand has […]
Crypto exchange Binance.US valued at $4.5 bln in first external funding round
(Reuters) Crypto exchange Binance.US said on Wednesday it had raised more than $200 million in a seed funding round at a pre-money valuation of $4.5 billion. Launched in 2019, the company is operated by BAM Trading services, the U.S. partner […]
Tapping into the hedge fund renaissance
(Hedgeweek)As hedge fund assets rise and performance rebounds, prime brokers can be a critical part of the industry’s growth. To read this article:
Hedge funds experience “perfect storm” of increased margin requirements
(Hedgeweek) Hedge funds risk being caught in Phase 6 of the Uncleared Margin Rules (UMR) without adequate preparation owing to continued uncertainty over whether they are in scope, according to a report from Acuiti. To read this article: