Asset Management Culture
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Tag: Twitter
Asset Allocation
Twitter to Pay $809.5 Million to Settle Securities Fraud Lawsuit
The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.
Asset Allocation
Disney, Microsoft, and Twitter Are Among Stocks on Hedge Funds’ Loser List
So, you thought these big companies were unstoppable, eh? A Goldman survey of hedge operators begs to differ.
Think Before You Tweet: Charges Against Milton Should Be a Warning
The Nikola founder could face decades in prison for allegedly false, misleading Twitter posts.
Risk
McAfee Indicted for Fraud, Money Laundering Conspiracy Crimes
Former software firm founder could spend the rest of his life behind bars if convicted.
Regulation
McAfee Charged with Fraudulently Touting ICOs, Arrested for Tax Evasion
Creator of anti-virus software allegedly secretly received over $23 million for promoting initial coin offerings.
Regulation
Investment Firm Head Sentenced to More Than 7 Years in Prison for Pre-IPO Fraud
Fred Elm falsely told investors they could invest in Twitter, Alibaba, and Uber prior to their IPOs.
Corporate Moves
Working from Home: Maybe Not So Great After All
Polls show white-collar workers want to go back to the office, at least for some of the time.
Asset Management Culture
Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Coronavirus - COVID-19
Coronavirus Cases Should Rise in May, Gottlieb Says
The former FDA commissioner, and current pension plan asset manager, sounded alarms in January about the pathogen.
Market Moves
Value Finally Has Its Day, but Will that Last?
Lower-cost stocks have outpaced hot-shot momentum plays since August.
Newsmakers
CalSTRS CIO Says Trump Tweets are a ‘Key Market Risk’ to Monitor
Despite the present ‘Goldilocks’ economy, Christopher Ailman is keeping a sharp eye on the president’s Twitter page.
Newsmakers
New Zealand Super’s Proxy Drive Against Big Tech Grows to 23 Institutions
Outraged by social media’s showing of the Christchurch massacre, the pension fund enlists other plans to push its cause.
New Zealand Super Leads Christchurch Charge Against Tech Lords
National five-fund coalition targets Facebook, Google, and Twitter’s ‘severely damaged’ content-sharing functions.