Monthly Archives: September 2020
Stocks will return to record highs regardless of election outcome, $300M money manager predicts
(CNBC) Money manager Loreen Gilbert is optimistic the market will return to all-time highs this year, and it has nothing to do with who wins the presidential election. She’s building her case on a strong — albeit uneven — economic […]
Amazon Finance Manager and Family Allegedly made $1.4 Million With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged a former finance manager at Amazon.com Inc. and two family members with insider trading in advance of Amazon earnings announcements between January 2016 and July 2018. According to the SEC’s complaint, Laksha Bohra […]
U.S. pension funds sue Allianz after $4 billion in coronavirus losses
(Reuters) Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of the world’s top asset managers, for failing to safeguard their investments during the coronavirus market meltdown. To read this […]
Hedge funds in long haul to tackle lack of Black money managers
(Reuters) – When the death of George Floyd forced companies to reflect on why there were so few Black people in their senior ranks, top banks and private equity firms pledged to do better. To read this article:
Asset managers should focus on regulatory governance issues, says INDOS Financial
(Hedgeweek) Asset managers should focus on addressing regulatory and governance issue or risk missing out on mandates, according to Bill Prew of INDOS Financial. To read this article:
Net assets of worldwide investment funds increased by 9.8% in Q2 2020
(Opalesque) Worldwide regulated open-ended fund assets increased by 9.8 percent to EUR 51.7 trillion in the second quarter of 2020, said a report by European Fund and Asset Management Association (EFAMA). The largest markets, the United States and Europe, registered […]
Elon Musk: Tesla may be overvalued today, but I think it’ll be worth more in 5 years
(CNBC) Tesla’s stock has already risen more than 400% this year, but CEO Elon Musk said he thinks the company “will be worth more in five years” in an interview with Kara Swisher for a New York Times podcast. “Some critical […]
Wharton’s Jeremy Siegel: Wall Street could boom in 2021 ‘no matter who is president’
(CNBC) Wharton School professor Jeremy Siegel told CNBC on Monday the stock market is likely primed for strong gains next year, regardless of whether President Donald Trump or Joe Biden occupy the White House. Siegel, who has been mostly bullish […]
Trump paid little to no federal income taxes over several years as he piled up losses and debt, NYT reports
(CNBC) President Donald Trump’s businesses have hemorrhaged hundreds of millions of dollars over the last two decades, allowing him to minimize his federal income tax bill to $0 or nearly $0 for many of the years in that period, according […]
Institutional investors eyeing buyouts and special situations strategies say a new survey
(Opalesque) Institutional investors remain highly engaged with private capital markets, even as the impact from COVID-19 lingers and the U.S. presidential election looms large, said a survey. According to a new survey from Eaton Partners, the strategies getting the most […]
Top Executive of California Microcap Company Charged for Misleading Claims Concerning COVID-19 Test and Financial Statements
(HedgeCo.Net) The Securities and Exchange Commission today charged Mark Schena, the President and Chief Science Officer of Arrayit Corporation, for making allegedly false and misleading statements concerning Arrayit’s development of a COVID-19 blood test and its intention to resolve its […]
Stock futures rise in overnight trading following a 4-week losing streak
(CNBC) Stock futures climbed in overnight trading on Sunday following a four-week losing streak on Wall Street. Futures on the Dow Jones Industrial Average rose about 100 points. The S&P 500 futures gained 0.3% and the Nasdaq 100 futures climbed […]