Monthly Archives: June 2022
The recession will hit in the first half of 2023 and the Dow is headed lower: CNBC CFO survey
(CNBC) Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy and markets will get worse before they get better. Many chief financial officers at […]
Stock futures rise slightly ahead of Friday’s key inflation report
(CNBC) Stock futures moved slightly higher early Friday morning ahead of a highly anticipated inflation report. Futures tied to the Dow Jones Industrial Average climbed 42 points, or around 0.1%. Those for the S&P 500 and Nasdaq 100 gained 0.19% […]
DocuSign shares crater after first-quarter earnings miss
(CNBC) DocuSign shares fell as much as 24% in extended trading on Thursday after the electronic signature software vendor reported weaker-than-expected earnings in its fiscal first quarter. To read this article:
Stitch Fix shares sink after company announces layoffs, offers weak guidance
(CNBC) Stitch Fix said Thursday that it is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership positions, in a bid to trim expenses amid red hot inflation and waning consumer demand for […]
Former-Citadel analyst sentenced to four years in jail over hedge fund Covid scam
(Hedgeweek) Former Citadel analyst Gregory Blotnick has been sentenced to over four years in prison by a federal judge in Newark, New Jersey, after claiming $4.6 million fraudulent Covid relief loans for his start-up hedge fund Brattle Street Capital LLC, […]
U.S. SEC chief Gary Gensler unveils plan to overhaul Wall Street stock trading
(CNBC) The top U.S. securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail stock trades after the meme stock mania last year raised questions about whether mom-and-pop investors were getting the best price. The plan, […]
Hedge funds double investments in crypto assets
(Opalesque) Despite the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains acceptance, said a survey. Of traditional hedge funds surveyed, […]
Crispin Odey hedge fund up 110% YTD following 14% gain in May
(Hedgeweek) Crispin Odey has wiped out years of losses at his Odey European Inc hedge fund so far in 2022 with the fund up 110% since the turn of the year, according to a report by BNN Bloomberg. To read […]
Rockefeller acquires Spearhead Capital’s wealth business
(CNBC) The Florida-based boutique financial services division of Spearhead will become The Bostwick Walters Group within Rockefeller Global Family Office, which has $1.5 billion in assets. The deal accelerates Rockefeller’s expansion, building on previous acquisitions as well as the company’s […]
Traditional hedge funds ‘dipping their toes’ in digital assets, says AIMA report
(Hedgeweek) Most traditional hedge funds getting into digital assets are still just ‘dipping their toes’ in the water with 57% having less than 1% of total AuM in digital assets. To read this article:
SEC Sues New York Based Firm and Its Managing Member for Acting as Unregistered Securities Dealers
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against LG Capital Funding, LLC (“LG Capital”) and its managing member Joseph Lerman of Brooklyn, New York, for failing to register as securities dealers with the SEC. LG Capital and Lerman […]
SEC’s Gensler speaks Wednesday, and rules that overhaul market operations could be coming
(CNBC) SEC Chair Gary Gensler is trying to make good on his promise to address what he believes are deficiencies in the U.S. trading system. Each fall, the Securities and Exchange Commission puts out a “Rule List,” essentially a wish […]
