Monthly Archives: September 2020
SEC Charges Investment Adviser with Fraud
(HedgeCo.Net) Steven Fitzgerald Brown has been charged with fraud arising from his operation of investment pool Alpha Trade Analytics, Inc. The SEC’s complaint, filed on September 3, alleges that Brown, the CEO, president, and sole owner and director of Alpha […]
Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
(Reuters) In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for what happened, The Wall Street Journal .The disagreement began […]
Trump again raises idea of decoupling economy from China
(Reuters) With the U.S. election approaching, President Donald Trump on Monday again raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the United States would not lose money if the world’s two biggest economies […]
SoftBank shows true colors with U.S. tech binge
(Reuters) Like a restless gambler outside a casino, SoftBank founder Masayoshi Son simply can’t resist a flutter. A month after disclosing plans for a fund to manage excess corporate cash, the Japanese conglomerate has bought at least $30 billion of […]
Tesla could be the most dangerous stock on Wall Street, investment researcher says
(CNBC) Tesla shares may be up 400% this year, but one investment researcher is sounding the alarm on the stock. New Constructs CEO David Trainer calls Tesla the most dangerous stock on Wall Street and says the fundamentals do not […]
We’re certainly in a bubble,’ strategist warns — but don’t expect it to pop anytime soon
(CNBC) Tech stocks are unequivocally in “bubble” territory, a chief investment officer told CNBC on Monday, but that’s not to say the recent “tech wreck” is going to continue in the short term. U.S. stocks closed lower for the second […]
A 10% to 15% market correction would be healthy right now, long-time bull Ed Yardeni says
(CNBC) Long-time market bull Ed Yardeni is on correction watch. The Yardeni Research President predicts more losses as investors look to lighten up on the historic rally’s biggest winners: Mega big cap growth stocks, particularly technology. But he contends that’s […]
Investors ready for big market moves as U.S. election nears
(Reuters) Market volatility is back – and investors expect more wild swings in the coming weeks and months as the U.S. presidential election closes in. To read this article:
Fund Manager Charged with Fraud in Securities Offering in Neiman Marcus Bankruptcy
(HedgeCo.Net) The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a New […]
Hedge fund short sellers suffer $500m hit in August from wayward FTSE 100 wagers
(Hedgeweek) Hedge funds have lost almost $560 million after several hefty short bets on a range of FTSE 100 stocks turned sour as equity markets yielded solid gains. To read this article:
Dow futures drop 100 points as Wall Street braces for more tech losses
(CNBC) U.S. stock futures fell on Thursday night, building on the downside momentum from the regular trading session as Big Tech was primed for another steep decline. Dow Jones Industrial Average futures dropped 109 points. S&P 500 futures and Nasdaq 100 […]
Money managers see profit-taking in Thursday’s ‘healthy pullback’
(CNBC) The high-flying stocks are coming back down to earth as investors see an opportunity to lock in their gains with markets at their highs. The tech-heavy Nasdaq Composite, which has made a habit of setting new record highs the […]