Financial
Beazley’s market facilities line expands, expects economies of scale
Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has continued to expand its market facilities business line which includes its third-party capital backed beta-like market tracking structures. Reporting its first-half interim results this morning, in which it posted a $13.8 million pre-tax loss as impacts from the Covid-19 pandemic dented its performance as…
Read MoreBill Gates denies long-running coronavirus conspiracy theories
There have been a number of coronavirus conspiracy theories about Bill Gates going around for months now. The billionaire philanthropist denied one of those conspiracy theories in an interview this week. He said he isn’t planning to use the coronavirus vaccine to implant microchips to track people. Q2 2020 hedge fund letters, conferences and more […]
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Read MoreMnuchin: Jobless benefits will be based on wage replacement
CNBC exclusive: CNBC Transcript: Treasury Secretary Steven Mnuchin speaks with CNBC’s “Squawk Box” today, discussing GOP jobless benefits plan will be based on 70% wage replacement and Trump won’t bailout ‘mismanaged’ states Q2 2020 hedge fund letters, conferences and more WHEN: Today, Thursday, July 23, 2020 WHERE: CNBC’s “Squawk Box” The following is the unofficial […]
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Read MoreMoney Laundering: Traditional Banks Vs. Cryptocurrencies
The threat of money laundering is a fear for financial institutions and governments world-over, and this fact has existed for centuries. Money laundering may not be the oldest crime in the book, but it sure does come close. Some historians have dated money laundering as far back as 2000 years ago in China. Though money […]
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Read MoreCoronavirus stimulus check still missing: Contact IRS before Oct. 15
We are now likely just days away from the next stimulus checks. However, there are still many who haven’t yet received their first stimulus check even though they are eligible. The IRS is requesting those still missing coronavirus stimulus checks to share their information with the agency. Q2 2020 hedge fund letters, conferences and more […]
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Read MoreUS Blacklists 11 Companies for Uyghur Oppression
US Blacklists 11 Companies for Uyghur Oppression, Including Suppliers for US Firms Salih Hudayar is a political refugee and Prime Minister of the East Turkistan Government in Exile. Q2 2020 hedge fund letters, conferences and more The U.S. Sanctions Chinese Firms For Uyghur Oppression WASHINGTON: July 23, 2020 – The US slapped sanctions on 11 Chinese firms and some suppliers for US firms, on […]
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Read MoreRay Dalio to Step Down from Bridgewater, to Join DDTG Global
After an abysmal year by the once omniscient Ray Dalio has “decided” to step down from Bridgewater Associates. His flagship fund, Pure Alpha II announced 2Q results of -64.20%. The manager known for his correct calls in 2008, was quoted in late January saying “Cash is Trash” at the market bottom in March proclaimed “We […]
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Read MoreUpswing Challenge Is Likely, But Won’t Derail the Stock Bull Run
The S&P 500 closed farther from the early June highs than the day before. The bull is telling us it wants to run, now that it’s becoming apparent that the bears are out of breath since their mid-July tech ambush. Q2 2020 hedge fund letters, conferences and more The month’s end is approaching, and so […]
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Read MoreAGCS appoints Maxwell as Global Head of Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS) has appointed Grant Maxwell as the new Global Head of Alternative Risk Transfer within the unit of the global insurance and reinsurance player. At Allianz, the AGCS Alternative Risk Transfer (ART) line of business provides corporate solutions, reinsurance, and climate solutions, including weather risk transfer, parametric insurance and structured…
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