Scaramucci’s SkyBridge files with SEC to launch Bitcoin fund

2020-12-21

  Anthony Scaramucci’s multi-billion-dollar hedge fund, SkyBridge Capital, has submitted a formal application with the United States securities regulator to launch a new Bitcoin (BTC) fund. The Form D for an exempt offering appeared on the Securities and Exchange Commission’s website on Monday. The proposal lists “SkyBridge Bitcoin Fund L.P.”Read More →

Global Index Fund Manager Successfully Trials Blockchain Securities

2020-06-11

Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS). The pilot has seen Vanguard partner with a large U.S.-based ABS provider, distributed ledger technology provider Symbiont, and financial institutions BNY Mellon andRead More →

Opioid distributors propose $1 billion legal fee fund

2020-02-20

© Reuters. Opioid distributors propose $1 billion legal fee fund – Bloomberg (Reuters) – McKesson Corp (N:), Cardinal Health Inc (N:) and AmerisourceBergen Corp (N:) have proposed paying more than $1 billion in legal fees for states, cities and counties suing over the companies’ handling of opioids, Bloomberg reported onRead More →

Why geopolitical events are not a good reason to buy gold

2020-01-06

Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →