The regulator wants to install an industry veteran to run GPB to monitor its assets in auto dealerships and make sure investor interests are protected.
Legal experts say the cases will have a monumental challenge overcoming motions to dismiss. The lawsuits allege online brokerages entered into an agreement and conspiracy to prevent the market from operating normally.
Survey shows 98% of advisers plan to increase or maintain client allocations to alts in the year ahead; the strategies most likely to see an increase in allocation are real estate, private equity and private credit.
GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not paid investors steady returns, called distributions, since 2018.
Broker-dealers sold just $362.3 million in nontraded BDCs last year, the least since 2010, which was the year after the first product was launched, according to Robert A. Stanger & Co. Inc.
The real fun is just getting started, now that everybody and their mother knows what a short squeeze is.
The Bridgewater Associates founder calls Bitcoin ‘one hell of an invention.’ But he says that he finds it challenging to put a value on digital assets and that cryptocurrencies are probably vulnerable to being hacked.
Since the GameStop stock options frenzy that quietly began early this month and exploded over the past week, some traders have followed by investing in other shorted stocks, with prices surging far past the returns seen in the indexes that include them.
Prices for the digital asset have tumbled 14% this week, marking the steepest decline since March, with Bitcoin near $31,000 Friday. Commentators have cautioned that a sustained drop below $30,000 could presage further losses.
The fund manager added Bitcoin futures as an eligible investment for two of its funds, according to SEC filings.
Prices for the largest cryptocurrency dipped as much as 6.8% Wednesday, trading below $35,000, as worries about a market bubble discourage investors from buying in.
The murky track record behind cryptocurrency has kept some skeptical, but both advisers and investors are showing growing interest in the asset class. The popular digital asset, Bitcoin, recent record-breaking rally has slowed, with prices set to finish this week just below $40,000, according to Bloomberg.
The tight group of marijuana ETFs are up between 28% and 55% in January, anticipating federal approval. For financial advisers and investors, instead of just jumping headlong into cannabis investing, the challenge is traversing a sector that is in limbo.
Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko show, and strategists have cited demand from speculative retail traders, trend-following quant funds, the rich and even institutional investors as among the reasons for the surge
A survey of family offices shows more than a third plan to boost allocations to such funds
Clients are curious about the recent boom in cryptocurrencies, but volatile performance records are keeping some advisers on the sidelines
Bow River fund bets a Biden administration won't kill the PE market
The cryptocurrency posted its biggest drop since March after a spectacular new-year rally
The world's largest cryptocurrency topped $34,000 just weeks after breaching $20,000 in December
Julie Ann Moskin and Retire Happy received fees for selling dubious securities, according to Massachusetts Secretary of the Commonwealth William Galvin
