Monthly Archives: September 2021
Jailed Hedge Fund Boss Kamensky Has N.Y. Law License Suspended
(Bloomberg) Marble Ridge Capital founder Daniel Kamensky has had his New York law license suspended months after pleading guilty to bankruptcy fraud and receiving a six-month sentence. A Manhattan-based state appeals court on Thursday suspended Kamensky’s license pending further disciplinary proceedings […]
Sub-billion dollar funds beat their billion-dollar rivals in August
(Opalesque) Hedge funds running less than $1bn gained almost twice as much as their Billion Dollar Club (BDC) rivals in August. In a notably strong month for the emerging funds industry, sub-BDC funds rose 0.8%, compared to 0.5% for funds […]
Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments
(CNBC) Federal Reserve Chairman Jerome Powell directed staff to review the central bank’s ethics rules for appropriate financial activities after disclosures that several senior central bank officials made multiple multimillion-dollar stock trades in 2020, while others held significant investments. To […]
Retail sales post surprise gain as consumers show strength despite delta fears
(CNBC) Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of […]
Billionaire hedge fund managers Cohen, Dalio tout cryptocurrencies
(Reuters) Billionaire investors Steven Cohen and Ray Dalio have joined the cryptocurrency craze by putting cash to work and saying at a conference this week that bitcoin and other digital currencies are an interesting way to diversify their holdings. To […]
New study reveals that institutional investors and wealth managers are placing a greater focus on altcoins
(Hedgeweek) New research from Nickel Digital Asset Management (Nickel) reveals that institutional investors with exposure to Bitcoin will increasingly invest in altcoins (a cryptocurrency other than bitcoin). To read this article:
SkyBridge Capital continues push into DeFi
(Opalesque) SkyBridge Capital is continuing its push into DeFi and it’s on full display at this year’s Salt Conference currently underway in New York. This week, SkyBridge announced that it is teaming with trading platform NAX to raise $250 million […]
There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits
(CNBC) Rumors of insider trading at NFT marketplace OpenSea are true, according to a statement from the start-up, which was recently valued at $1.5 billion. “Yesterday we learned that one of our employees purchased items that they knew were set […]
Millennium Global launches systematic long/short currency hedge fund
(Hedgeweek) Currency-focused investment manager Millennium Global Investments has launched a new systematic long/short currency hedge fund strategy to tap into burgeoning demand for non-correlated returns in what it calls a “favorable” investment environment. To read this article:
SEC Charges App Annie and its Founder with Securities Fraud and $10 Million to Settle First Enforcement Action
(HedgeCo.Net) The Securities and Exchange Commission has announced that App Annie Inc., a leading alternative data provider for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, have agreed to settle securities fraud charges for […]
U.S. SEC will publish GameStop post-mortem ‘shortly,’
(CNBC) The U.S. Securities and Exchange Commission (SEC) is close to publishing a post-mortem of the GameStop trading saga in which retail investors on the Reddit social media site banded together to push up the video game retailer’s shares, SEC […]
Senators demand cryptocurrency regulation guidance from SEC Chair Gary Gensler
(CNBC) Securities and Exchange Commission Chairman Gary Gensler on Tuesday assured lawmakers that Wall Street’s top regulator is working overtime to create a set of rules to oversee the volatile cryptocurrency markets while balancing the interests of American innovators. To […]