james mcdonald hercules investments wife

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. A Division of NBCUniversal. I would be thrilled to buy the Washington football team because I grew up in Chevy Chase, Maryland. Resilience is the name of the game, says Mastercard CEO Michael Miebach, We've seen resilience in the U.S. consumer, says Coca-Cola CEO James Quincey, Illinois Governor JB Pritzker: Crime is coming down gradually in the city and it's getting better, Guggenheim CIO: We are predicting the recession to start mid-year, Moderna CEO: We're preparing our FDA filing for our RSV vaccine. The Fund seeks to implement very short-term long and short positions in call and put options on the main US stock . This material may not be published, broadcast, rewritten, I really enjoyed speaking with you and appreciate you taking the time. Founded on May 26, 2005, GESCO provides private and corporate security services in various regions of the country including Baku, in accordance with the requirements of ISO 9001, ISO 14001, ISO 45001. This inflation will cause interest rates to rise in the medium term or long term and the necessary pullback in the markets will be a result of investors taking risk off the table. The fund is for qualified investors only, and as such mimics many of the features of a hedge fund strategy. Thats my personal mission. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network,. Our employees and their family members enjoyed a wonderful time together this morning at PureTrack in Anaheim, CA! Volatility itself could be owned through a number of securities. The Judge overseeing this case is MARGARET MILLER BERNAL. First, between May 2019 and October 2021, McDonald, through his control of Index Strategy Advisors, Inc. ("ISA")-an unregistered investment adviser-solicited over $3.6 million from approximately 20 investors for ISA's index hedge fund, the ISA Fund. Things are escalating quickly for the folks behind StraightPath Venture Partners. Below are excerpts from our Jan. 28 discussion, edited for length and clarity. Hercules Investments' James McDonald explains the different risk-related techniques advisors can use to keep clients comfortable with their portfolios. And this is evidenced by us being at valuation levels weve never touched before, even higher than 1929 and 2000-2001. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. McDonald, who faces up to 20 years imprisonment if convicted, is believed to be in hiding, the U.S. Attorneys office said in a news release. And when we look at unemployment now, we say its recovered, but the recovery hasnt brought sufficient growth. James McDonald Current Workplace Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance Discover more about Hercules Investments James McDonald Work Experience and Education Work Experience Chief Investment Officer Vishnu Wealth Management 2017-2019 Tax Advantages Are a Selling Point for Investment in CRE. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. And while recognizing that each investors needs are distinct, on balance what percentage of a portfolio should this comprise? Im a football player disguised as a portfolio manager. My intention when I buy my team is to get on the practice field and hit those guys! Ryan Thomas Gosling (born November 12, 1980) is a Canadian actor. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. 2023 Informa USA, Inc., All rights reserved, In this episode, David Armstrong, editor-in-chief at. We are partnering with Nasdaq to put Nasdaq 100 Volatility Index (VOLQ) into our portfolio in a way where investors who have realized great gains from tech can rest assured knowing that in the event of a potential market downturn, our fund will be able to sustain the impact of a declining market and should provide upside. The case status is Pending - Other Pending. The bear case is that the effects of the shutdowns havent fully been realized yet. And so, the breadth of success is extremely narrow. Of course, we know that theres tremendous risk, not just to our health, but to the sustainability of small businesses, to the credit and economic security of households and to the outlook for how we will move forward past the pandemic. James McDonald is a 25-year veteran of the investment industry and was named one of America's top 10 investment advisors by ETF.com in 2012. So, common sense would say, what changed in one year for a 50% premium in a market that most people would agree has been propelled with no monetary policy and stimulus? Check out what's clicking on Foxnews.com. Quant Research-Driven Investment Strategies For Investors Seeking Active Portfolio Management. Prominent in independent film, he has also worked in blockbuster films of varying genres, and has accrued a worldwide box office gross of over 1.9 billion USD.He has received various accolades, including a Golden Globe Award, and nominations for two Academy Awards and a BAFTA Award.. Born and raised in Canada, he rose to . I think all the equity markets are so overstretched that when a risk element enters the market, the selling will be violent and accelerated. GESCO combines international experience and quality standards with modern technologies and opportunities and local professional service. "Robust, quant driven investment strategies are typically only available to Ultra High Net Worth individuals and families with $25 million or more to invest. Data is a real-time snapshot *Data is delayed at least 15 minutes. Unfortunately, according to the Justice Department and SEC, he didnt tell those new investors about all the money he lost on the election, nor precisely what he was going to do with it, as dropping $174K at a Porsche dealership and paying $110K to his landlord are not the same thing as launching a mutual fund. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. But stimulating growth is impossible if the economy isnt open. Now, there are a handful of companies that have flourished in the Covid era, but its a handful of companies. So, I think over 75% of the gains in the S&P 500 in 2020 could be attributed to a handful of names. In a parallel action, the United States Attorneys Office for the Central District of California announced criminal charges against McDonald. The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but without advance notice he failed to appear as required. Each client and each clients case is unique, and no result or outcome is or can ever be guaranteed. The breadth of risk is extremely wide. Vaccinating the public will not happen as quickly as most expect. We can deliver these same strategies to investor portfolios with less than $1 million," said Mr. McDonald, Chief Executive Officer of Hercules and previous winner of the Top 10 Advisors Rising Stars award from ETF Report magazine. WealthManagement.com Staff | Nov 05, 2020. And we know that this isnt how a strong economy operates. McDonald, who graduated from Harvard University with an economics degree, expects the Dow will tumble more than 50% to 15,000, a prediction he has made several times since March 2020, before surging to new highs this year. The Hercules investment team features investment professionals averaging over 20+ years of experience . "These are incredibly uncertain times for the stock market and for investors," said James. All Rights Reserved. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based on his wrong prediction that the stock market would drop because of the COVID-19 pandemic and the results of the U.S. presidential election, the U.S. attorney's office said. The 10 Best and 10 Worst States in Which to Retire in 2021, Im an Advisor. And I think that that is much of whats happened in the macro as well. We deliver these strategies through NFLHX. With interest rates so low, what do you make of the TINA argument, which asserts there is no alternative to stocks? Youre describing a giant disconnect between the markets and small businesses that are in a world of hurt. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. Lines and paragraphs break automatically. Prior to ISA he was Director of Strategic Initiatives for the $12 billion AUM Compass BBVA Wealth Management Group where he led the design and execution of brokerage, trust, and insurance strategies serving high net worth and ultra-high net worth clients. GESCO is a security company operating in various fields and basing on the principle of physical protection. Powered and implemented by FactSet Digital Solutions. The CEO and chief investment officer of Hercules Investment, a Los Angeles-based RIA, saw his college football career cut short by a catastrophic knee injury that sidelined him for 15 years. Market data provided by Factset. Contact our office today to discuss your case. The actual profits that have been generated and the guidance that has increased are based on a small section of the market. 2023 FOX News Network, LLC. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based on his wrong prediction that the stock market would drop. We had to save the economy from going off the cliff with us not being able to operate as normal," McDonald said. Hercules Investments won a 2020 Wealthies Award for being the top Alternative Asset Manager. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. Fox News Flash top headlines for September 22. James McDonald from Hercules Investments, and James Camp, Eagle Asset Management director of strategic income and managing director of fixed income, join 'The Exchange' to discuss the impact . Fox News Flash top headlines are here. My dream was always to play in the NFL and thats going to be my ticket. Questions? The SEC's investigation was conducted by David S. Brown, Carol Kim, and Matthew O. Koop and was supervised by Marc J. Blau in the Los Angeles Regional Office. McDonald graduated from Harvard University with a Bachelor's degree in Economics. James McDonald from Hercules Investments and James Camp, Eagle Asset Management director of strategic income and managing director of fixed income, discuss the impact of the $1.9 trillion. A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. He last appeared on the network in July 2021. The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but - without advance notice - he failed to appear as required. He earned a bachelor's degree in economics from Harvard University. McDonald also allegedly raised over $3.5 million for securities trades through . Hercules Investments CEO/CIO James McDonald. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The economy is slowly reopening and more vaccines are reaching people. A frequent lecturer and conference speaker, he is a nationally-recognized expert on the topics of macroeconomics, event-driven investing, growth investing, portfolio construction, index investing, exchange-traded funds, digital currencies, and index . Our emphasis is on index options investing around the U.S domestic large indexes, specifically, the S&P 500, the Russell 2000, and Nasdaq 100. In summary, NFLHX provides direct access to risk hedged growth adding a layer of insurance to a portfolio that has appreciated with the market. The stockbroker and investment fraud lawyers at Sonn Law Group dedicate their entire practice to protecting the interests of investors who have lost money as a result of the negligent or wrongful conduct of those entrusted with protecting and growing our money. Are you suggesting that widespread economic weakness will eventually bubble up to drag down these indexes? Key stock indexes, which are market cap based, are near record highs. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network, authorities said. or redistributed. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. McDonald graduated from Harvard University with a Bachelors degree in Economics. Its two and 20 (fee arrangement) ensures that our portfolio management is in alignment with the profit objectives of the client. Believe It or Not, Its a Great Time To Be a Financial Advisor, Ares Strikes Deal for Office, Naming Rights at Los Angeles Tower, Musks Twitter Sells Off Coffee Makers, Neon Logo in Auction Blitz. Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. James Arthur McDonald Jr., 50, was charged with one count of fraud for bilking clients out of millions of dollars on Sept. 21, 2022. All rights reserved. Wealth Management is part of the Informa Connect Division of Informa PLC. Get 5 free searches. // Disclaimer. The SEC's complaint, which was filed in the Central District of California, charges McDonald and Hercules with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses [press release]He appeared as a financial expert on TV. LOS ANGELES, Oct. 10, 2019 /PRNewswire/ -- Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC,. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. I think we will retest the previous lows of last March before buying comes back in. Founded on May 26, 2005, GESCO provides private and corporate security services in various regions of the country including Baku, in accordance with the requirements of ISO 9001, ISO 14001, ISO 45001. 2023 CNBC LLC. James Arthur McDonald Jr., 50, was charged with a single fraud count and could face up to 20 years in prison if convicted, the U.S. attorney's office said in a statement. Charles Canter will lead the litigation. In reality, McDonald used less than half of those funds for trading and did not engage in any trading with the funds for long stretches of time. Federal prosecutors charged McDonald with one count of. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The uncertainty around COVID-19 and risks of rising inflation were the impetus for launching the fund. RIA Intel is part of the Euromoney Institutional Investor PLC group. Today, his ambition is to own a NFL team. Sign up for free newsletters and get more CNBC delivered to your inbox. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. The SEC's complaint alleges that McDonald raised over $3.6 million from investors between May 2019 and October 2021 for the stated purpose of trading securities through an investment vehicle called the Index Strategy Advisors Fund, and that McDonald used less than half those funds for trading and did not engage in any trading with the funds for long stretches of time. It is a risk-hedged growth mutual fund that captures market appreciation and has the potential for great gains when markets fall. Market data provided by Factset. Subscribe to RIA Intels thrice-weekly newsletter.]. The bull case would imply that were 50% stronger in terms of our earnings premium over our equity premium based on what we pay for earnings. To send us an e-mail, simply complete and submit the online form below. If markets rise, our fund is managed to match or exceed that growth based on our ability to go long or short with index options. McDonald, who lived in the Los Angeles suburb of Arcadia, is believed to be in hiding, the statement said. Its not a doomsday picture, but markets are priced right now as if all economic engines are fully up and running. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. Our objective is to generate $10 billion for our clients in order for me to buy my football team. The leader of Pershing X explains why her experience, leadership style, and the support of BNY Mellon, have positioned the new venture to disrupt how wealth managers do business. Legal Statement. This funds fees accelerate when its performance accelerates. Hercules offers qualified clients market neutral portfolio management executed primarily through domestic index options. This seriously cut in to his fee income, and CNBC appearance feesoh, yes, he was still bloviating on television about on how people should invest for more than a year-and-a-half after the most spectacular wrong call of his careerapparently dont cover the Porsches or the rent, so he decided to raise some more. Yes. Lets start with your macro view. Fri, Feb 12. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. 2023 FOX News Network, LLC. And so, this is artificial. According to the. He argues the stimulus package will fail to rehabilitate the economy and thinks investors are too sanguine about the vaccines rollout, citing logistics and trust issues surrounding the vaccine. - Why volatility as an asset class is key for 2021, Its important for investors to be prepared for stock market volatility, as the economic outlook remains fragile in 2021, McDonald said. *Our firm, in some cases, advance costs and expenses of the case, and in that event, are recovered from the gross recovery of any settlement or verdict. Its like a freight train that cant come to an exact halt without a crash. For more information, please see www.hercules-investments.com, Media Contact: Matt Yemma Peaks Strategies 909-633-9396 [emailprotected], Cision Distribution 888-776-0942 Do you have your eyes on any team per se? 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. Web page addresses and e-mail addresses turn into links automatically. In a portfolio with a beta of one, one would enjoy virtually 100% downside protection with an allocation of 15% to the Hercules fund. But I think that the market will rebound and potentially finish the year slightly higher. Meanwhile, sophisticated investors including institutional firms, insurance companies, and ultra-high net worth individuals have sought higher returns during growth phases and greater protection during recessionary phases by utilizing derivatives, particularly options," said James McDonald, who also serves as the firm's Chief Investment Officer. Then its fine. $0 BAHAMAS 386 (SG458) - Alexander Graham Bell (pb10456) Stamps Caribbean Bahamas (1973-Now) A conversation about economies, markets, wage inequality, Congress, crypto, and more. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. Contact me online or call anytime at 844-689-5754. What should advisors know about your firm and how you can help them? The SEC alleges that McDonald, a former guest commentator on CNBC, raised more than $5.1 million from 23 investors and clients, and misappropriated more than $2.9 million of those funds for personal expenses and Ponzi-like payments to earlier investors. Contact me online or call anytime at 844-689-5754 SEC Charges James Arthur McDonald, Jr. and His SEC-Registered Investment Adviser Firm, Hercules Investments, LLC with Offering Fraudulent Securities Sonn Law Staff Oct 05, 2022 Posted in Investment Loss Investigations # James Arthur McDonald Jr. Describe the ideal client profile. Furthermore, index options provide compelling risk/return profiles with substantially less risk and volatility than their stock option counterparts.".

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