Monthly Archives: June 2021
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 […]
Hedge fund assets grow nearly 40% YoY after posting $23.3bn in April net inflows
(Opalesque) Net inflows of $23.3 billion in April 2021 signaled a continued vote of investor confidence in the hedge fund industry. This result represented an increase in industry AUM of .6% on the month and built momentum on the previous […]
Warren Buffett gives away another $4.1 billion, resigns as trustee at Gates Foundation
(CNBC) Today is a milestone for me,” Buffett said in a statement. “In 2006, I pledged to distribute all of my Berkshire Hathaway shares — more than 99% of my net worth — to philanthropy. With today’s $4.1 billion distribution, […]
Market bull who predicted tech’s rebound believes Wall Street may avoid a summer setback
(CNBC) He predicted tech’s recent comeback, and now Oppenheimer Asset Management’s John Stoltzfus believes Wall Street can avoid an unnerving summer setback. He attributes tech’s latest outperformance as a key reason why it could be a positive summer for investors. […]
U.S. stock futures rise after S&P 500 snaps two-day winning streak
(CNBC) Stock futures rose mildly after the market’s comeback rally hit a speedbump on Wednesday. Futures on the Dow Jones Industrial Average added 100 points in early morning trade Thursday. S&P 500 futures and Nasdaq 100 futures both traded in […]
SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities. According to the SEC’s […]
Former Platinum hedge fund exec gets prison in New York City corruption case
(Reuters) A co-founder of the Platinum Partners hedge fund firm was sentenced on Tuesday to seven months in prison for his role in a bribery scheme involving the once-powerful head of New York City’s correction officers’ union. To read this […]