Monthly Archives: September 2021
Former employee testifies Elizabeth Holmes’ Theranos lost millions while exaggerating projections to investors
(CNBC) In public, Elizabeth Holmes was dubbed the next Steve Jobs on the cover of Inc. magazine in 2015, but in private the blood-testing company she founded, Theranos, was hemorrhaging hundreds of millions of dollars. On Tuesday, the government’s first […]
DOJ official signals firm stance against ‘killer acquisitions’
(CNBC) The Department of Justice will not shy away from enforcing antitrust laws against so-called killer acquisitions, where dominant firms buy start-ups before they can become competitive threats, says a top department official. To read this article:
Hedge funds advanced in August as global equities rallied driven by the dovish stance of the Federal Reserve
(Opalesque) The Eurekahedge Hedge Fund Index was up 0.80% in August 2021, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 2.45% over the same period. Despite persistent concerns over the spread of the […]
Fund Managers and the path towards net zero emissions
(Hedgeweek) On the path towards a net zero emissions world, some sectors will multiply their activity (multiples), others will reduce it substantially (fractions), and others will disappear (zeros). How can hedge funds and other asset managers navigate the emerging investment […]
Three Media Companies Charged with Illegal Offerings of Stock to Pay $539 Million in Settlement
(HedgeCo.Net) The Securities and Exchange Commission has charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering of GTV common stock. The SEC […]
Apollo CEO says inflation is everywhere in company’s portfolio
(CNBC) The high inflation readings for the U.S. economy are showing up in every facet of business for investing giant Apollo, CEO Marc Rowan said Monday. “Everywhere. There’s not a place [where we are not seeing it]. Everything that we […]
Vast majority of hedge funds see positive returns in August
(Opalesque) The aggregate return for the global hedge fund business was +0.77% in August, a return to positive territory following a dip into the red in July, according to the just-released eVestment August hedge fund performance data. The vast majority […]
Barclay Hedge Fund Index up 1.23% in August, +10% YTD
(Opalesque) The hedge fund industry generated an average return of 1.23% in August 2021, which may have pushed its winning streak into double-digits, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. To read […]
Emerging markets hedge funds are flourishing, new industry data shows
(Hedgeweek) With hedge funds’ year-to-date returns rebounding back into double-digit territory, new industry data published on Monday shows how emerging markets managers are helping to galvanise the industry and fuel recent gains. To read this article:
Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
(CNBC) Tuesday’s report of the consumer price index could set the tone for markets ahead of next week’s Federal Reserve meeting, particularly if it is hotter than expected. The CPI is expected to have risen 0.4% in August month over […]
Federal Court Orders Ohio Resident and Multi-Million Dollar Ponzi Scheme Fraudster Permanently Banned from Trading
(CFTC) The Commodity Futures Trading Commission has announced that Judge Michael R. Barrett, of the U.S. District Court for the Southern District of Ohio entered a Consent Order for Permanent Injunction and Other Equitable Relief against Glen Galemmo finding, among other things, […]
Scaramucci’s SALT hedge fund confab returns in person in New York City
(Reuters) A marquee Wall Street conference returns this week, but much like everyone’s pandemic-era plans, the event hosted by hedge fund executive and former White House communications director Anthony Scaramucci, will be a little different this year. To read this […]