Monthly Archives: September 2021
SEC Obtains Judgment Against Fund Manager and Bars Him from Appearing or Practicing Before the SEC
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final judgment against defendant Daniel B. Kamensky, whom the SEC previously charged with abusing his position as co-chair of the unsecured creditors committee in […]
BlackRock, HSBC among largest buyers of Evergrande debt:
(Reuters) Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows. BlackRock added 31.3 million notes of Evergrande’s debt between January and […]
Bank of America cuts China growth forecast under Evergrande shadow
(Reuters) -Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID outbreak and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. To read this […]
Second woman accuses Former Apollo Chief Executive Leon Black of rape; Black’s rep calls claim ‘complete fiction’
(Reuters) The claim, by a woman identified as “Jane Doe,” was included in a proposed amended civil lawsuit filed on Monday night by Guzel Ganieva, who has accused the 70-year-old Black of rape saying he attacked her in the late […]
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
(CNBC) After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will […]
House passes bill to avoid government shutdown, suspend debt limit — but it faces Senate roadblocks with deadlines near
(CNBC) The House passed a bill Tuesday that would both prevent a government shutdown and suspend the debt limit in a step toward preventing possible economic calamity. The chamber approved the plan in a 220-211 vote. All Democrats voted for […]
DraftKings makes $20 billion offer for UK sports betting company Entain
(CNBC) DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the […]
U.S. committee is reviewing Zoom’s $14.7 billion deal for Five9 on national-security grounds
(CNBC) A U.S. government committee is reviewing Zoom’s agreement to acquire cloud contact center software company Five9 for $14.7 billion on national-security grounds. According to a letter dated Aug. 27, the Federal Communications Commission was asked to refer the case […]
SEC Charges Crowdfunding Portal, Issuer, and Related Individuals for Fraudulent Offerings
HedgeCo.Net) The Securities and Exchange Commission has charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings. The SEC also charged the registered funding portal and its […]
Cryptocurrencies post 5th straight week of inflows -CoinShares
(Reuters) Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million. The data showed that inflows were seen across the board. Digital […]
Chicago CTA launches bitcoin managed futures program
(Opalesque) After investing in the digital asset space for nearly four years, Synchronicity Futures, LLC is launching a managed futures product, the Synchronicity Bitcoin Managed Futures/Options Program for Qualified Eligible Participants (QEPs). The Program is a discretionary and long-biased, intermediate-term […]
Dallas-based investment advisor sees increasing HNW interest in credit strategies
(Hedgeweek) High-net-worth clients from in and around the Southern United States are continuing to favour allocations to an array of niche credit strategies, according to a Dallas-based investment advisor. To read this article: