Monthly Archives: January 2021
Goldman Sachs CEO Solomon’s annual pay drops 36%
(Reuters) Goldman Sachs Chief Executive David Solomon’s annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed on Tuesday. To read this article:
Who needs to sit next to a trader? Asset managers embrace outsourcing
(Reuters) More pension funds, insurers and asset managers are outsourcing part or all of their dealing desks to specialist traders as they seek to cut costs and adapt their operations to deal with the coronavirus crisis, industry sources say. To […]
Fed will need to reassure the market it’s not thinking about dialing back its support
(CNBC) Federal Reserve Chairman Jerome Powell has a few nerves to quell among market participants wondering when the central bank will start tapping the brakes on all the help it’s been providing. To read this article:
Alphabet and Facebook rise after Microsoft reports surprisingly strong advertising revenue
(CNBC) Shares of Alphabet, Facebook and other advertising-driven internet companies gained in extended trading on Tuesday after Microsoft’s earnings report showed that its advertising businesses did better than expected. To read this article:
Former Investment Adviser Charged for Repeatedly Defrauding and Breaching His Fiduciary Duty to Advisory Clients.
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Jacob C. Glick of Scottsdale, Arizona, a former investment adviser representative associated with Advanced Practice Advisors, LLC (APA), for repeatedly defrauding and breaching his fiduciary duty to advisory clients. The […]
Apollo Global CEO Leon Black paid sex predator Jeffrey Epstein $158 million for financial advice after conviction
(CNBC) Apollo Global Management CEO Leon Black paid child sex predator Jeffrey Epstein $158 million for financial advice from 2012 through 2017, despite knowing Epstein pleaded guilty to paying an underage girl for sexual services in 2008, a probe by […]
Citadel, Point72 to invest $2.75 billion in hedge fund Melvin Capital
(Reuters) Melvin Capital Management said on Monday it would receive an investment of $2.75 billion from Citadel, the Chicago-based hedge fund led by Ken Griffin, and billionaire investor Steven A. Cohen’s Point72 Asset Management. The infusion is expected to help […]
Hedge fund manager Dalio says bipartisan effort needed for post-pandemic world
(Reuters) Billionaire investor Ray Dalio, who founded the world’s largest hedge fund, said on Monday that all sides need to collaborate to reconfigure capitalism for a post-pandemic world. To read this article:
Janet Yellen gets Senate confirmation as first woman to lead the Treasury Department
(CNBC) Janet Yellen cleared her final hurdle Monday on her historic path to secretary of the Treasury Department, gaining overwhelming Senate confirmation for the key economic position. To read this article:
Stock futures down slightly ahead of busy day of corporate earnings
(CNBC) U.S. stock futures fell slightly Monday evening as Wall Street geared up for the heart of corporate earnings seasons. Futures contracts tied to the Dow Jones Industrial Average fell more than 90 points, or about 0.3%. Those for the […]
Bitcoin, crypto inflows hit record last week: CoinShares
(Reuters) Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices, according to the latest […]
SEC Obtains Final Judgment Against Recidivist
(HedgeCo.Net) The Securities and Exchange Commission has announced that recidivist securities law violator Geoffrey Thompson agreed to a permanent, conduct-based injunction and to pay more than $540,000 to settle the SEC’s charges that he conducted illegal securities offerings. The U.S. […]