Monthly Archives: August 2023
SEC Obtains Emergency Relief, Charges Recidivist in Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freezes to stop an offering fraud allegedly perpetrated by Florida company PreIPO Corp., Boca Raton resident and serial […]
SEC Charges Georgia Resident in Crypto-Related Affinity Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Keith Crews of Kennesaw, Georgia for conducting an affinity fraud through two entities which he owned and controlled, Stem Biotech LLC and Four (4) Square Biz LLC. According to the SEC’s complaint, […]
S&P 500 futures are little changed Sunday after another losing week: Live updates
(CNBC) U.S. S&P 500 futures were little changed on Sunday night after another losing week for the major averages. Futures tied to the broader index ticked up by 0.03%. Dow Jones Industrial Average futures dipped 7 points, or by 0.02%. […]
Oceanwood Deputy CIO to launch new firm following hedge fund closure
(Hedgeweek) Oceanwood Capital Management, the hedge firm co-managed by Julian Garcia and Christopher Gate, is closing down, with Deputy CIO Garcia now planning to launch his own hedge fund firm next year, according to a report by Bloomberg. To read […]
Hedge funds posted “impressive” returns in July, says Citco
(Hedgeweek) Hedge funds delivered another month of impressive performance in July, with an overall weighted average return of 1.5% – one of their best months so far this year, albeit a slight decline from the 1.8% monthly high seen in […]
MFA requests comment period extension on SEC’s conflict of interest proposals
(Hedgeweek) A coalition of alternative investment industry groups including Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) has submitted a letter to the US Securities and Exchange Commission (SEC) requesting a 60-day extension to the comment period […]
Man GLG PM quits to launch Millennium-backed hedge fund
(Hedgeweek) Cristian Cibrario, a portfolio manager at Man GLG, Man Group’s discretionary investment business, has left the firm to launch a new hedge fund, according to a report by With Intelligence. To read this article:
SEC Sues Alleged Perpetrators of Fraudulent Multi-Level Marketing Scheme and Unregistered Offering
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Ashraf Mufareh of Orlando, Florida, and his company, ONPASSIVE LLC (together, the “defendants”), for orchestrating a fraudulent and unregistered offering. The SEC’s complaint alleges that, since 2018, the defendants have […]
Bridgewater’s Pure Alpha bearish on US stocks as rally lost momentum
(Hedgeweek) When the stock market rally that saw the benchmark S&P 500 soar this year began to lose steam in late July, Bridgewater Associates’ flagship Pure Alpha fund was already “moderately” bearish on US stocks, according to a report by […]
Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
(CNBC) Bitcoin slipped sharply on Thursday evening, tumbling by as much as 9% to just over $26,000. The cryptocurrency last traded at $26,593.68, reflecting a decline of more than 8%, according to Coin Metrics data. To read this article:
S&P 500 futures are little changed after major indexes post third straight losing day: Live updates
(CNBC) S&P 500 futures were little changed Thursday night after the major averages dropped for a third straight day. Dow Jones Industrial Average futures rose by 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.02% and […]
Ex-Bridgewater exec to launch suite of hedge fund-style ETFs
(Hedgeweek) Unlimited, an exchange traded fund firm launched by former Bridgewater Associates executive Bob Elliott, is to expand its offering with the launch of a suite of ETFs providing investors with access to a range of hedge fund-like strategies. To […]
