Monthly Archives: September 2020
Nikola founder Trevor Milton to voluntarily step down as executive chairman
(CNBC) Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down as executive chairman. The electric truck company said the board accepted Milton’s resignation from the role and the board. Stephen Girsky, former vice chairman of General Motors and […]
Hedge Funds Can’t Possibly Survive the Nasdaq Whale
(Bloomberg) These days, you don’t really need a professional to tell you how to make money. The rise of Big Tech alone has allowed investors in exchange-traded funds to recoup their March losses. As for the more adventurous players, like SoftBank Group […]
CFTC Charges 4 Florida Men, 1 New Jersey Man, and Their Companies in $4.75 Million Forex Ponzi Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the filing of a civil enforcement action in the United States District Court for the Middle District of Florida against 10 defendants in a multi-level $4.75 million off-exchange foreign currency (forex) Ponzi scheme. […]
Why this hedge fund manager is betting against drug companies in the race for a Covid vaccine
(Hedgeweek) The frantic hunt for an effective vaccine against coronavirus could leave some pharmaceutical companies highly exposed in a fiercely competitive race – and UK hedge fund Argonaut Capital is weighing in with several key bets against the sector. To read […]
Global hedge funds record their best five-month performance of 12.85%
(Opalesque) The Eurekahedge Hedge Fund Index was up 1.85% in August, bringing its year-to-date return to 3.79% and its five-month trailing return to 12.85% since end-March. “ To read this article:
Institutional investors back private assets despite Covid-19 uncertainty
(Opalesque) Institutional investors said they were ramping up their allocations to private assets from 12.8% a year ago to 14.1% over the next 12 months, with 46% stating that an increase in their allocation to private assets would help manage […]
Credit Suisse teams up with Qatar SWF on multi-billion direct private credit platform
(Opalesque) Swiss bank Credit Suisse and the Qatar Investment Authority (QIA) said on Thursday they were jointly setting up a multi-billion dollar direct private credit business. QIA, which is Qatar’s sovereign wealth fund and has a 5.4% stake in Credit […]
Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions
(CNBC) Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche Welle (DW). Those documents showed […]
Stock futures are flat as Wall Street tries to recover from 3-week losing streak
(CNBC) U.S. stock futures were little changed on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. Dow Jones Industrial Average futures traded 17 points lower, or 0.1%. S&P 500 […]
SEC Charges Former CEO of Technology Company With Raising $123 Million in Fraudulent Offerings
(HedgeCo.Net) The Securities and Exchange Commission today filed an emergency action against Adam Rogas, the former CEO of Las-Vegas-based NS8 Inc., which purports to provide fraud detection and prevention software to e-commerce merchants, seeking an asset freeze and charging Rogas with […]
Antares Capital racks up $3bn for a latest private credit fund
(Opalesque) Antares Capital Advisers, the registered investment adviser arm of Antares Capital, has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed companies. The middle-market lender said that […]
Managed futures report another month of gains in August
(Opalesque) Managed futures funds turned in another positive month in August returning 0.18%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.73% through August. “The S&P 500 extended […]