Monthly Archives: August 2022
Fed rate hikes won’t bring down inflation as long as government spending stays high, paper says
(CNBC) Federal Reserve Chair Jerome Powell proclaimed Friday that the central bank has an “unconditional” responsibility to ease inflation and expressed confidence that it will “get the job done.” But a paper released at the same Jackson Hole, Wyoming, summit […]
Gatekeepers Ordered to Pay Nearly $1 Million in Monetary Remedies for Microcap Shell Factory Fraud
(HedgeCo.Net) Broker-dealer Spartan Securities Group, LTD., transfer agent, Island Capital Management LLC, d/b/a Island Stock Transfer and two of their principals, Carl E. Dilley and Micah J. Eldred, were ordered to pay nearly $1 million in monetary remedies in connection […]
Dow futures Fell Monday Morning around 200 points as Friday’s rout on Wall Street looks set to continue
(CNBC) Stock futures fell on Monday morning as investors tried to shake off a sharp decline in stocks at the end of last week. Futures for the Dow Jones Industrial Average slid 223 points, or about 0.69%. Those for the […]
North American Asset Managers’ AUM, Revenues Decline Steeply in Q2
(Opalesque) Listed North American asset management firms experienced steep declines in assets under management (AUM) and revenue during the second quarter of 2022 after seeing all-time highs in assets, revenues, and profit levels just two quarters earlier. According to a […]
‘Hedge fund hot dog’ basket indicates another stock selloff could be looming large, says RBC
(Hedgeweek) With a group of the most popular stocks owned by the world’s largest hedge funds, again starting to underperform the broader market, another sell-off of US stocks could be on the cards, according to a team of analysts at […]
Sculptor says founder Och’s lawsuit is “misleading and full of falsehoods”
(Hedgeweek) A lawsuit filed by Dan Och and other former executives of Sculptor Capital Management, has been branded as “misleading and full of falsehoods” by the New York-based hedge fund, which formerly operated as Och-Ziff Capital Management. To read this […]
Court orders Kentucky pension agency to disclose info on hedge fund deals
(Hedgeweek) Kentucky’s state pension agency has been ordered by a judge to release a suppressed report about possible fraud in its controversial hedge fund investments, according to a report by the Hearald-Leader. The judge ruled that taxpayers have right to […]
SEC Charges Infrastructure Company Granite Construction and Former Executive with Financial Reporting Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Granite Construction, Incorporated and its former Senior Vice President, Dale Swanberg, with fraud for inflating the financial performance of the major subdivision Swanberg managed. In 2021, Granite restated its financial statements from […]
The private equity quartet held roughly $416bn in dry powder at the end of Q2
(Opalesque) The four largest publicly traded alternative asset managers – Apollo Global Management Inc., Blackstone Inc., The Carlyle Group Inc., and KKR & Co. Inc. – held roughly $416 billion in dry powder at the end of the second quarter, […]
Hedge funds ramp up bets against Italian government bonds
(Hedgeweek) Concerns over political instability in Italy have prompted hedge funds to ramp up their bets against the country’s government bonds to the highest monthly level seen since the global financial crisis, according to a report by the Financial Times. […]
Powell is not likely to tell investors what they want to hear in Jackson Hole speech
(CNBC) Investors are looking for new guidance in Federal Reserve Chairman Jerome Powell’s Jackson Hole, Wyoming, speech Friday, but he could instead deliver the same inflation fighting message, just with a much tougher edge. Powell is expected to emphasize that […]
Stock futures are flat ahead of Fed Chair Powell’s speech in Jackson Hole
(CNBC) Stock futures were little changed on Friday morning as investors looked ahead to Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyoming Friday morning. Futures tied to the Dow Jones Industrial Average fell 26 points or 0.08%. S&P […]
