Billionaire investor Mike Novogratz says the record-breaking rally in crypto shows a lack of faith in the Fed – and cites central-bank uncertainty as a reason for bitcoin’s latest surge

By Carla Mozée,Bradley Saacks Billionaire investor Mike Novogratz said Thursday that bitcoin is serving as a “report card” on the performance of the Fed and other global financial bodies. Bitcoin’s surge has been fueled by “mass adoption” and people being “scared s—less because of monetary and fiscal policy,” he said. The Galaxy Digital CEO suggested…

NYAIR Episode 62 –A Fireside Chat With Macro & Cryptocurrency Pioneer Michael Novogratz

From cryptocurrency, to the greater blockchain universe and every macro theme in between, Galaxy Digital’s founder and CEO Mike Novogratz discusses the current landscape in the alternative investment industry and the most important things for investors to keep on their radar Rob Christian, Co-Chief Investment Officer and Head of Research for Franklin Templeton/K2 Advisors.

NYAIR Episode 61 –The Freshman Congressional Perspective

A conversation with freshmen Congressional representatives Ritchie Torres (D-NY) and Andrew Garbarino (R-NY) following their first three months as part of the 117th United States Congress. The two freshmen representatives discuss the COVID-19 pandemic, the economy, minimum wage and foreign affairs, among other issues, and  share their perspectives as first time members of the House of Representatives during…

New York Congressmen favor opening the economy, decline to comment on unjust guardianships of the adults and elderly

Although the Biden Administration dismissed the idea of mandatory COVID-19 vaccine passports, New York Congressman Ritchie Torres is in favor of the Orwellian measure. Torres is a freshman Democratic Congressman representing the South Bronx of New York. “We should not act as if everyone has to be in a state of lockdown,” Torres told journalists…

Polar Vortex Slammed Durables

By Diane Swonk, chief economist, Grant Thornton Orders for durable goods orders plummeted 1.1% in February after rising an upwardly revised 3.5% in January. Unusually harsh winter weather across the South and the oil patch took a toll on manufacturing activity during the month, delaying shipments into March. Aircraft orders more than doubled but are…

Broker-dealers see some relief and clarity on cryptocurrency custody

By Eric Gronroos, Baker Tilly Just as cryptocurrencies like Bitcoin are starting to make news again and exciting investors, custodial broker-dealers continue to seek clarity on the ability to maintain custody of the digital assets under Rule 15c3-3. On Dec. 23, 2020, the Securities and Exchange Commission (SEC) issued a statement and request for comment…

SEC extends filing deadline for certain broker-dealers

By Kristen Hughes, Baker Tilly   On Feb. 12, 2021, the U.S. Securities and Exchange Commission (SEC) released an order extending the reporting deadline for certain smaller broker-dealers. Typically, broker-dealers registered with the SEC are required to file a financial report and a compliance report, or an exemption report alongside reports from a registered independent…

NYAIR Episode 60 –Men as Allies

While today’s workforce is more diverse than ever, senior leadership ranks in our industry remain largely white and male. Meaningful progress on the Diversity, Equity and Inclusion front cannot happen without action, courage and sponsorship from those in positions of power. A panel of  industry leaders and experts discuss what leaders must do, what lessons…

NYAIR Episode 59 –Wall Street Women 2021

An in-depth conversation with Quadratic Capital Management’s Nancy Davis and Truvvo Partners’ Casey Whalen on a broad range of topics across the alternative investment industry, including their views on markets and beyond. Bloomberg TV reporter Sonali Basak moderates a conversation with these high-profile women as part of the New York Alternative Investment Roundtable’s fourth annual…

Why the ‘Gold Rush’ for SPACs Worries Some Private Equity Managers

By Christine Idzelis, Institutional Investor Blank-check companies create competition for deals — but buyout firms are also benefitting. The rise in blank-check companies — a boon to private equity firms looking to cash out from their deals — is worrying some managers. “It feels a little bit like a gold rush to me,” said James…

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