Heads of GPB Capital, Related Firm Indicted in Alleged Private Equity Fraud
Three men tied to the company could face 20 years in prison for allegedly misrepresenting the source of funds used for distribution payments.
Risk
UK Regulator TPR Says DC Pensions Falling Behind on Climate Change
Survey finds that only 43% of defined contribution plans’ investment strategies consider climate change.
Cryptocurrency Hedge Fund Founder Pleads Guilty to Securities Fraud
Stefan Qin, 24, allegedly drained the $90 million fund for ‘indulgences and speculative personal investments.’
Tips from Druckenmiller: Commodities, Asian Stocks, Big Tech
Despairing of US policy and low interest rates, the billionaire investor makes his case.
Insurers Have Been Draining Funds from New Jersey’s Pensions for 15 Years
Report calls 2006 policy that shifted financial obligations for employee injuries to pensions ‘a windfall to insurers.’
Three Charged by SEC with Defrauding Hundreds of Digital Asset Investors
John DeMarr allegedly staged his own disappearance in Montenegro to avoid disgruntled investors.
Trader Charged in Alleged Cryptocurrency Scam
Jeremy Spence, aka ‘Coin Signals,’ allegedly claimed to have made a 148% return in one month when he actually lost money.
Why the GameStop Explosion Won’t Destroy the Stock Rally
Veteran stock seer Jack Ablin sketches out how come last week’s disruption lacks the oomph to derail the market.
Ray Dalio Warns Janet Yellen About Perils of a Weaker Dollar
The hedge fund chief cautions the new Treasury secretary against complacency over the greenback’s continued role as the world’s reserve currency.
Institutional Investors Demand Political Transparency from BlackRock
State treasurers and public pension funds say they fear an erosion of political stability after the attack on US Capitol.
General Motors Aims to Be Carbon Neutral by 2040
The pledge comes days after John Kerry and Larry Fink called on the private sector to fight climate change.
What Are the Next Five Meme Stocks After GameStop?
Retail investors in popular subreddit r/wallstreetbets have proven they can drive up stocks for GameStop. Now, they’re on the hunt for other social media favorites.
IMF Upgrades Global Economic Forecast for 2021
Amid ‘exceptional uncertainty,’ World Economic Outlook projects 2021 growth of 5.5% after a 3.5% contraction in 2020.
BlackRock Looks to Add Bitcoin Futures to Two Funds
The world’s largest asset manager is also seeking a head of blockchain investments.
Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.