Managed by FS Investments with NYDIG custodying the bitcoin, the fund is one of two new bitcoin investment vehicles offered by newly bullish Morgan Stanley.
They must have at least $2 million in net worth and they must pay an upfront placement fee of 3% for bitcoin investments under $250,000, according to offering documents obtained by CoinDesk.
“The sales for March would have been measurably higher, had there been more inventory,” Lawrence Yun, chief economist for the National Association of Realtors, said in the report.
It seems that all year I’ve been warning about valuations being out of whack with reality, especially in small-cap tech, which includes most SPACs.
When you’re planning your retirement finances, arguably your most important goal should be to avoid running out of money.
“We are taking measures that this will not reoccur, we are reducing our exposure in that business and we are doing an investigation how it exactly happened.”Prime-brokerage divisions cater specifically to hedge funds, lending them cash and securities and executing their trades, and the relationships can be vital for investment banks as well as being a significant source of revenue.Credit Suisse, one of the biggest prime brokers among European banks, has already moved to tighten financing terms with some hedge funds, and hopes changes to the unit can allow it to forgo major cuts to other parts of the investment bank, Bloomberg reported earlier.“Is it an isolated case?” Gottstein said.
Investors are closely watching the debt resolution as a test case for group insolvencyKotak, who is heading the IL&FS board after government seized control of the shadow lender in 2018, expects to resolve about 62% of its 1 trillion rupees of debtAnother group facing challenges in servicing its debt is Future Group.