Monthly Archives: March 2022
Oligarch Roman Abramovich’s $50 million Colorado mansion could become a sanctions target
(CNBC) A Rocky Mountain mansion owned by Russian oligarch Roman Abramovich would likely be among the first assets frozen by the U.S. government if he is sanctioned by the White House in response to the war in Ukraine, according to […]
SEC Obtains Judgment Against Former Registered Investment Adviser for Defrauding Retail Investors
(HedgeCo.Net) The U.S. District Court for the Southern District of Ohio has entered a final judgment against Scott Allen Fries, a former Ohio-based registered representative and investment adviser representative at a large, SEC-registered broker-dealer and investment adviser, for defrauding at […]
Hedge funds see double-digit returns and $37bn of inflows in 2021
(HedgeWeek) Hedge funds weathered volatility and the return of rising interest rates in 2021 to post double-digit weighted average returns overall for the year, according to research from the Citco group of companies (Citco). To read this article:
Stock futures fall slightly as S&P 500 tries to notch its best week since November 2020
(CNBC) Stock futures dipped in overnight trading Thursday after a three-day rally for the S&P 500 as the equity benchmark is poised to post its biggest weekly gain in more than a year. Futures on the Dow Jones Industrial Average […]
Hedge funds are doubling down on commodities bets with some notching big gains
(CNBC) Hedge funds have ramped up their commodity bets as prices surged during geopolitical turmoil, and managers with big exposure are reaping sizable profits. The energy sector saw the most net buying from hedge funds last month compared to other […]
Berkshire Hathaway shares topped $500,000 each—here’s why Warren Buffett says he’ll never split the stock
(CNBC) Class A shares of Warren Buffett’s Berkshire Hathaway closed above $500,000 a share on Wednesday, setting a new high-water mark for the stock. It was the first time the shares have ever closed above half a million dollars, and […]
Treasury yields rise as investors digest Fed rate hike
(CNBC) U.S. Treasury yields rose on Thursday, as investors digested the Federal Reserve’s decision to hike interest rates for the first time in more than three years. The yield on the benchmark 10-year Treasury note added 1 basis point to […]
Texas School District and its Former CFO Charged with Fraud in $20 Million Bond Sale
(HedgeCo.Net) The Securities and Exchange Commission has charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding […]
Federal Reserve approves first interest rate hike in more than three years, sees six more ahead
(CNBC) The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keeping its benchmark interest rate anchored near zero since the beginning […]
Fed’s interest rate forecast signals willingness to sacrifice growth to stop inflation, strategists say
(CNBC) Bond yields jumped and stocks were volatile after the Federal Reserve released its forecast for an aggressive series of rate hikes that it expects will bring down inflation swiftly over the next year. The Fed released its latest forecast […]
Berkshire Hathaway closes at a record above $500,000 a share as Buffett’s conglomerate roars back
(CNBC) Berkshire Hathaway class A shares achieved a key milestone Wednesday, hitting an all-time closing high of half a million dollars as Warren Buffett’s multifaceted conglomerate fires on all cylinders during the economic recovery. The class A shares gained 1.3% […]
Russia stokes fears of first foreign currency default in more than a century as it attempts payment
(CNBC) Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through, ratcheting up fears of Moscow’s first foreign currency debt default in over a century. […]