Monthly Archives: March 2021
Why hedge fund bear Russell Clark is urging caution on gold prices
(Hedgeweek) Global equities hedge fund Russell Clark Investment Management is taking a bearish stance on “expensive” gold, and urges caution on the price of the safe-haven commodity. To read this article:
Wealth managers still in crypto ‘education mode’, Fidelity says
(Reuters) Most wealth managers and financial advisors are still in “education mode” on cryptocurrencies but demand for the emerging asset class among larger investors has grown, the boss of Fidelity Investments’ institutional arm said on Tuesday. To read this article:
SEC Charges Unregistered Brokers Who Sold Equialt Securities to Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Jason P. Wootten and Ronald Frank Stevenson, two Arizona-based individuals, and the companies they controlled and operated, for registration violations in connection with their unlawful sales of securities of real […]
SEC Charges Additional Unregistered Broker Who Sold $8.5 Million in 1 Global Securities to Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an additional individual for unlawfully selling securities of 1 Global Capital, LLC, a South Florida merchant cash advance company, to retail investors. The SEC previously charged 1 Global, its owner, […]
Hedge funds are the ESG bellwethers – do they know it?
(Hedgeweek) There is a lot of talk about ESG. It dominates column inches and pitch decks at levels unimaginable only a decade ago. The need for companies to adopt and integrate ESG is imperative if environmental issues – the hardest […]
Founder of the world’s largest hedge fund Ray Dalio: The people ‘I respect most’ do this well
(CNBC) Billionaire Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, is impressed by one key skill: failing “well.” “The people I respect most are those who fail well,” Dalio tweeted on Friday. “I respect them even more […]
Goldman CEO addresses junior bankers’ complaints after survey goes viral
(CNBC) Goldman Sachs CEO David Solomon addressed junior bankers’ complaints over heightened workloads in a message to employees, after the results from an internal survey where one employee called conditions “inhumane” went viral. To read this article:
Powell calls cryptocurrencies ‘not really useful stores of value’ and says Fed will move slowly
(CNBC) Federal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is no hurry to introduce a competitor. “They’re highly volatile and therefore not really useful stores of value and they’re […]
BlackRock hires law firm for internal review after latest executive conduct complaints
(Reuters) BlackRock Inc said on Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman. To […]
Matt Zames steps down as president of Cerberus
(Reuters) Cerberus Capital Management LP said on Monday Matt Zames was stepping down as president of the private equity firm and chairman of Cerberus Technology Solutions (CTS). A former chief operating officer at JPMorgan Chase & Co, Zames was instrumental […]
Blackstone closes ‘largest ever’ maiden growth equity vehicle at $4.5bn
(Opalesque)The private equity giant Blackstone announced the final close of its first growth equity fund – Blackstone Growth – with $4.5 billion in capital commitments from a wide range of family offices, entrepreneurs, endowments, strategic institutional investors, pension funds, and […]
SEC Obtains Emergency Asset Freeze, Charges Colorado Resident with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced it filed charges and obtained an asset freeze and other emergency relief to stop an alleged offering fraud and misappropriation of investor assets orchestrated by Colorado Springs resident Tra Jay Scarlett using […]