Monthly Archives: June 2021
Fund Manager, Consumer Credit Company, and Three Individuals Charged with Fraudulently Raising Over $73 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Princeton Alternative Funding LLC (PAF), Microbilt Corporation, Philip N. Burgess, Jr., Microbilt CEO Walter Wojciechowski, and PAF CEO John Cook, Jr. for fraudulently raising over $73 million from investors through […]
Global hedge fund industry hits a new record AUM:
(Opalesque) Hedge Fund Asset Flows report said that nearly half-way through 2021, the global hedge fund business continues to see strong performance and asset flows, with performance gains and new money boosting the industry to a new record $3.57 trillion […]
The jobs report will move markets in the week ahead as stocks enter the second half riding high
(CNBC) The monthly jobs report is the highlight in the coming week, as June winds down and markets start the second half of the year. Economists are expecting about 700,000 jobs. That’s better than the 559,000 in May but below […]
Stock futures little changed as S&P 500 looks to hold on to record
(CNBC) Futures contracts tied to the major U.S. stock indexes rose early Monday morning after the S&P 500 notched its best week since February, as well as a new record, on Friday. Futures tied to the S&P 500 hovered above […]
ThirdYear’s ‘quantamental’ macro fund doubles assets amid burgeoning opportunity set
(Hedgeweek) ThirdYear Capital’s ART Global Macro Fund, a macro hedge fund strategy which fuses quantitative and fundamental investing, has doubled its assets less than a year after launching, with the firm looking to capitalise on prevailing high valuations and interest rate and inflation […]
Top strategist opens her playbook for the year’s second half, sees market turbulence ahead
(CNBC) Wilmington Trust’s Meghan Shue is opening her playbook for the year’s second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. To read this article:
CFTC Charges Texas Man and His Company with Forex Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Texas against Troy Mason of Houston, Texas and his Texas-based company, ZTegrity, Inc., charging […]
Hedge funds poised to outperform 2020 “by a wide margin”, as investor flows swell industry coffers further
(Hedgeweek) Hedge funds are on track to comfortably outperform their 2020 showing this year, with strong strategy returns and continued capital inflows boosting industry coffers to almost USD3.6 trillion in the run-up to 2021’s midway point. To read this article:
Reddit trading is leading to ‘massive market manipulation,’ top investor warns. How to protect your portfolio
(CNBC) The Reddit-fueled trading frenzy is getting out of hand, according to the country’s top investment advisor. Ric Edelman, the No. 1 registered investment advisor in the United States and founder of Edelman Financial Engines, said Monday that he’s “very […]
Federal Reserve gives U.S. banks a thumbs-up as all 23 lenders easily pass 2021 stress test
(CNBC) The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of its annual stress test, said all 23 institutions in the […]
Asset managers take advantage of strong capital markets, boost headcount, and compensation
(Opalesque) According to asset management strategy consultant Casey Quirk, a Deloitte business, many asset managers are taking advantage of strong capital markets, putting resources toward alternatives, sustainable investments, and ETFs. To read this article:
SEC Charges Investment Advisers with Cherry Picking, Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami, Florida investment professional and two investment firms for engaging in an alleged “cherry picking” scheme in which they […]
