Monthly Archives: January 2021
SEC Issues Over $1.1 Million to Multiple Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission has announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions. In the first order, the SEC awarded three whistleblowers almost $500,000 in connection […]
Stock futures rise after Wall Street hits record highs
(CNBC) U.S. stock futures rose early Friday morning after another record breaking session on Wall Street. Futures contracts tied to the Dow Jones Industrial Average rose 165 points. Those for the S&P 500 and the Nasdaq 100 also both traded […]
Prominent activist investors post record 2020 returns despite pandemic-muted activity
(Reuters) – Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed off demands during a year marked by wild and unexpected business conditions. Ackman’s publicly […]
Hedge funds profit from AstraZeneca fall, but FTSE short sellers face continued challenges in 2021
(Hedgeweek) Hedge funds have made gains from bets against AstraZeneca and GlaxoSmithKline in recent weeks – but bearish managers lost more than USD600 million on FTSE 100 shorts at the end of the year, with short sellers facing continuing “unpredictable swings” […]
Jamie Dimon, Goldman Sachs CEO Solomon and other business leaders call for Trump to halt violence
(CNBC) Jamie Dimon, Goldman Sachs CEO Solomon and other business leaders call for Trump to halt violence. To read this article:
Investors look on U.S. Capitol breach with ‘muted reaction,’ worry if escalates
(Reuters) – Scenes of supporters of U.S. President Donald Trump storming the Capitol building to undo Trump’s election loss shocked the world on Wednesday, but most investors viewed the unrest as a short-term event that was unlikely to have a […]
SEC Obtains Final Judgment Against Investment Adviser Who Misappropriated Over $5 Million from Clients
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Barry F. Connell, who was previously charged with investment adviser fraud for having misappropriated client funds. According to the SEC’s complaint, […]
Top hedge fund industry trends for 2021
(Hedgeweek) Don Steinbrugge, Founder and CEO of Agecroft Partners, outlines his predictions for the biggest trends in the hedge fund industry in 2021, based on contact with more than 2,000 institutional investors globally and hundreds of hedge fund organisations… To […]
Goldman expects staff to return to offices by year-end – Bloomberg TV
(Reuters) Goldman Sachs Group Inc expects to have all its staff back at their offices by the end of the year as major drugmakers roll out COVID-19 vaccines, Chief Executive Officer David Solomon said in an interview to Bloomberg Television […]
Georgia’s runoff elections are too close to call with Senate control up for grabs
(CNBC) Both Senate runoff elections in Georgia were too close to call early Wednesday, according to NBC News, as Democratic Rev. Raphael Warnock declared victory in one race. To read this article:
U.S. stock futures slip as traders await results from Georgia runoff elections
(CNBC) U.S. stock futures dipped on Tuesday night as Wall Street kept an eye on two runoff elections in Georgia that will determine control of the Senate. Dow Jones Industrial Average futures fell 80 points, or 0.3%. S&P 500 futures […]
Macy’s is shuttering 45 more locations this year, as part of its 3-year store closure plan
(CNBC) Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. The closures are part of a previously announced plan by Macy’s to shut 125 […]