Monthly Archives: June 2021
Consumer prices jump 5% in May, fastest pace since the summer of 2008
(CNBC) Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, […]
Hot inflation may have become scorching in May and is expected to hit a 28-year high
(CNBC) Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, […]
Court Enters Partial Judgment Against Investment Adviser Charged with Stealing Client Funds
(HedgeCo.Net) The United States District Court for the District of Connecticut entered a partial judgment against Matthew O. Clason on June 3, 2021 in a previously-filed SEC case that charged Clason, a Connecticut-based investment adviser, with stealing hundreds of thousands […]
Emerging market hedge funds outperformed their developed market counterparts in May
(Opalesque) The Eurekahedge Hedge Fund Index was up 1.10% in May 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 0.83% over the same period. Headline inflation rose to […]
SEC Charges Couple With Insider Trading on Confidential Clinical Trial Data
(HedgeCo.Net) The Securities and Exchange Commission has charged a New York-based couple with insider trading in the stock of the pharmaceutical company where one of them worked as a clinical trial project manager. The defendants have agreed to pay more than […]
Hedge Funds Traverse Volatility and Inflation With Biggest Jan-to-May Returns in 25 years
(Hedgeweek) Hedge funds are stacking up gains this year as shuttered economies continue to unlock, with the industry navigating volatility and inflation to score its best January-to-May performance in two-and-a-half decades. To read this article:
Bezos, Buffett, Bloomberg, Musk, Icahn and Soros pay tiny fraction of wealth in income taxes,
(CNBC) Some of the world’s richest men — Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg and George Soros — pay just a tiny fraction of their increasing wealth in taxes, and in some cases pay no taxes […]
Bitcoin falls after U.S. seizes most of Colonial ransom
(CNBC) Bitcoin’s price slipped again in the past 24-hours amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to […]
Warren Buffett’s Berkshire Hathaway makes $500 million investment in Brazilian digital bank
(CNBC) Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced Tuesday. To read this article:
Clover Health shares double on session at one point as Reddit retail trading mania spreads
(CNBC) Passionate day traders glued to their Reddit message boards have found their new favorite target — Clover Health — pushing the shares up triple digits at one point Tuesday. The Medicare insurance start-up that went public via Chamath Palihapitiya’s […]
Hedge funds extended gains in May amidst inflationary pressures
(Opalesque) Hedge funds extended performance gains in May for the eighth consecutive month as investor optimism accelerated regarding the US economic reopening and despite signs of building inflationary pressures in the US and Europe. To read this article:
SEC Charges Portfolio Manager with Using Forged Document to Offer Securities to Investor
(HedgeCo.Net) The Securities and Exchange Commission today charged Thomas Nicholas Salzano, of Secaucus, New Jersey, with using a sham loan document containing a forged signature in a fraudulent attempt to entice a $150,000 investment in a real estate joint venture […]