Monthly Archives: June 2021
Top investment strategist David Roche warns the Fed could burst a market ‘bubble’
(CNBC) As the S&P 500 notches record highs despite the backdrop of potential monetary tightening and the new delta Covid-19 variant, veteran investor David Roche says investors should be wary of the bubble bursting. To read this article:
Morgan Stanley doubles its dividend as most banks raise payouts following Fed stress tests
(CNBC) Morgan Stanley, the Wall Street powerhouse, doubled its quarterly dividend and announced a new $12 billion stock repurchase plan. The bank said Monday that its dividend will jump to 70 cents a share starting in the third quarter, and […]
Judge dismisses FTC and state antitrust complaints against Facebook
(CNBC) Shares of Facebook jump after a federal court on Monday dismissed the Federal Trade Commission’s antitrust complaint against Facebook, as well as a parallel case brought by 48 state attorneys general, dealing a major setback to the agency’s complaint, […]
Increase in ransomware attacks ‘absolutely aligns’ with rise of crypto, FireEye CEO says
(CNBC) The increase in ransomware attacks is closely connected to the advent of cryptocurrency, FireEye CEO Kevin Mandia said Monday. “There’s a direct correlation,” the cybersecurity firm executive said “When you look at the rise of ransomware, it absolutely […]
SEC updates rule on performance fees
(Opalesque) The Securities and Exchange Commission has adjusting the dollar amount thresholds for clients of registered advisers to be “qualified clients” under rule 205-3 of the Investment Advisers Act of 1940, and thus permitted to pay a “performance fee” under […]
Bank of America to pay $11.7 mln over excessive sales charges–US regulator
(CNBC) Bank of America Corp’s (BAC.N) Merrill Lynch unit will pay nearly $11.7 million to resolve claims that it overcharged customers who invested in unit investment trusts. The payout includes a $3.25 million fine and $8.44 million of restitution, according […]
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: