Monthly Archives: June 2022
Where have all the shareholder activists gone? Campaigns slow amid market turmoil
(Reuters) Activist investors intent on shaking up Corporate America may be getting cold feet as new data points to a slowdown of campaigns as markets gyrate amid fears of faster rate hikes, runaway inflation and geopolitical turmoil. The marked decline […]
Digital assets funds see record US$423m outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $423 million last week, the highest since records began by a considerable margin, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this article:
Russian war hits emerging markets hedge funds, says HFR
(Hedgeweek) Emerging Markets hedge funds extended Q1 declines through May, with losses driven by exposure to Russian assets as well as the impact of global inflation, rising US interest rates and slowing economic growth. To read this article:
Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA Ethics Exams and Misleading Investigation
(HedgeCo.Net) Largest Penalty Ever Imposed by SEC Against an Audit Firm The Securities and Exchange Commission has charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) […]
Stock futures are flat after failed attempt at a rally
(CNBC) Stock futures were flat early on Wednesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edged up 0.16% or 51 points, while the S&P 500 and the Nasdaq […]
Disney extends CEO Bob Chapek’s contract by three years
(CNBC) Disney has extended CEO Bob Chapek’s contract for three years, the company announced Tuesday. Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The board, which met […]
Pinterest CEO Ben Silbermann is stepping down and the stock is up
(CNBC) Longtime Pinterest CEO Ben Silbermann is stepping down, the company announced Tuesday. Shares jumped more than 5% in after-hours trading. Bill Ready, who was previously in charge of Google’s commerce business, is taking over the helm, effective Wednesday. Prior […]
Canadian Public Company and Its CEO Charged in Fraudulent Microcap Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Canadian citizen Bradley Moynes and Canadian corporation Digatrade Financial Corp. for engaging in a deceptive scheme involving microcap companies that generated more than $1.5 million in unlawful stock sale proceeds at the […]
Robinhood shares jump 14% on report FTX may be exploring a deal
(CNBC) Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app. The stock soared 14% to its session high and was briefly halted after a report that FTX was discussing a takeover […]
One of the most prominent crypto hedge funds just defaulted on a $670 million loan
(CNBC) Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 […]
UiPath to cut 5% of its workforce as part of restructuring plan
(CNBC) UiPath will reduce roughly 5% of its total workforce as part of a restructuring plan, according to a new SEC filing. The company, a provider of software for automating office tasks, said that it had 4,200 employees as of […]
JPMorgan and Citigroup keep dividend unchanged as rivals including Morgan Stanley boost payouts
(CNBC) JPMorgan Chase and Citigroup said Monday that increasingly stringent capital requirements forced the firms to keep their dividend unchanged while rivals announced bumps to their quarterly payouts. Bank of America said that it was raising its quarterly dividend by […]
