Harvard Law Prof.: Tenev is ‘sympathetic’, ‘trying to do the right thing’

February 22, 2021 James Heinsman In the News

When former Turing Pharmaceuticals CEO Martin Shkreli appeared before the House Committee on Oversight and Government Reform in 2016, the most notable thing about his testimony was the smirk on his face as he refused to answer representatives’ questions about Turing’s $13.50 to $750 price hike for Daraprim, an anti-AIDS drug. Last week, it was Robinhood CEO […]

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RobinHood, Vlad Tenev,

All Eyes on Crypto as Market Opens

February 15, 2021 James Heinsman Hedge Fund News

Two weeks after GameStop (NYSE: GME) set the hedge fund sector and the entire finance world on edge with a meteoric spike and equally rapid return to earth in January, all eyes will be on the cryptocurrency sector as Wall Street returns from the President’s Day holiday on Tuesday. Like GameStop did last month, Dogecoin’s […]

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bitcoin, cryptocurrencies, Dogecoin,

New investors younger, more diverse

February 7, 2021 James Heinsman Economic Barometer

The Wall Street economy is undergoing a demographic shift, with new investors trending younger and more culturally diverse than previous generations, according to a study published by the FINRA Investor Education Foundation and NORC at the University of Chicago. The “Investing 2020: New Accounts and the People Who Opened Them” report, which surveyed 1,291 households from […]

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demographics, investing, Stock Market,

Wall Street Braces as Trading Resumes

February 1, 2021 James Heinsman Hedge Fund News

Investors, brokers, fund managers and other finance professionals braced Monday for trading to resume on Wall Street after one of the most tumultuous weeks in the market’s history. The CBOE Volatility Index (VIX), often referred to as Wall Street’s “fear index,” spiked 45.45 percent in January, closing the month at $33.09 after a week in […]

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Hedge Funds,

Can Biden’s Climate Plan Stimulate the Economy?

January 26, 2021 James Heinsman Hedge Fund News

Wall Street opened the first full week of the Biden presidency with record highs for the S&P and Nasdaq, caution on the part of investors who focus on financial, energy and industrial shares and a push by climate change activists for the new administration to make good on campaign pledge to jumpstart the economy by […]

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Markets Looking Forward to Biden Era

January 19, 2021 James Heinsman Economic Barometer

President Joe Biden’s economic agenda will focus on “building back better,” says Fraser Lundie, head of credit at Federated Hermes, a Pittsburgh-based capital management house with $575.9 billion under advisement. As the week of the presidential transition began, Lundie spoke to Bloomberg News, adding his view that renewable energies would remain a strong investment pattern […]

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Biden Administration,

PCs Will Play Catchup with Apple in 2021

January 12, 2021 James Heinsman In the News

Much has been written about the economic havoc that has accompanied Covid-19. The global pandemic has certainly led to a great deal of upheaval to global markets, but not all the impact has necessarily been bad. Large corporations who have been able to adapt to new spending patterns – think Amazon, Target, Walmart – have […]

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Apple, laptop computers, notebook computers, pc,

Covid Vaccine Could Spell Trouble for Gold Markets

January 7, 2021 James Heinsman Hedge Fund News

Vaccines against the Covid-19 virus are predicted to be a bonanza for pharmaceutical giants Pfizer (NYSE:PFE) , Moderna Moderna (NASDAQ:MRNA) and Oxford University/AstraZeneca (LON, NASDAQ: AZN), and there is virtually no way to measure the impact the trio of vaccines will have on most global industries. The gold market could be the notable exception. After hitting a […]

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covid, Finance, Gold, Investment, markets,

Pandemic Conditions Spotlight Human Money Managers

December 30, 2020 James Heinsman Hedge Fund News

In recent years computer-driven quantitative investing has made human decision-makers look outdated and less successful. That is until coronavirus reared its ugly genome. The year 2020 for many people has been one of tragedy and loss, but for flesh and blood stock-pickers the year proved to be quite profitable. It seems that even for the […]

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Coatue, John Thaler, quants, Tiger,

Former Chief of Staff Raising Investments for New Hedge Fund

December 23, 2020 James Heinsman In the News

Mike Mulvaney, former White House chief of staff under Donald Trump, is starting a new hedge fund. Mulvaney, and his partner Andrew Wessel, need to raise at least $1 million, the legal minimum needed to launch a hedge fund. Currently, Mulvaney represents the Trump administration in Northern Ireland as a special envoy. Mulvaney’s fund will […]

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Donald Trump, Mike Mulvaney,

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