james mcdonald hercules investments wife

2023 Informa USA, Inc., All rights reserved, In this episode, David Armstrong, editor-in-chief at. "There's a disconnect between Main Street and Wall Street, but we had to do it. Greg Bartalos (@gregorianchance) is editor of New York City-based RIA Intel. The complaint also charges McDonald with violating Section 206(4) of the Advisers Act and Rule 206(4)-8 thereunder, which prohibit certain transactions by investment advisers. With only a few times in history have we had a gap even approaching these levels of GDP growth, equity market prices, corporate profits, equity market prices and PE ratios. Ryan Thomas Gosling (born November 12, 1980) is a Canadian actor. In the S&P 500, you have mega cap tech Covid winners like Microsoft, Amazon, etc. All rights reserved. The case status is Pending - Other Pending. Mutual Fund and ETF data provided by Refinitiv Lipper. Now he's wanted on fraud charges. 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. This funds fees accelerate when its performance accelerates. Accounting and Auditing Enforcement Releases. If you or your loved one experienced investment losses, we are here to help. It wasn't immediately clear whether he had an attorney who could speak on his behalf. A Division of NBCUniversal. The Hercules investment team features investment professionals averaging over 20+ years of experience . This fund is for qualified investors only. And so, we had that crash and then the desire and the interest in moving back forward. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. The bear case is that the effects of the shutdowns havent fully been realized yet. That would be a doubling from the low. 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. Address of QUALITY servIce and relIable guarding, We are constantly workIng and developng to mprove our qualIty of servce. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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,. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. Hercules Investments won a 2020 Wealthies Award for being the top Alternative Asset Manager. He appeared as a financial expert on TV. And so, the breadth of success is extremely narrow. McDonald allegedly raised over $5 million and misappropriated funds for personal expenses and Ponzi-like payments. We are able to provide uncorrelated growth, meaning our strategies do not depend on equity markets continuing to rise in order to accomplish gains. The Sonn Law Group is currently investigating allegations surrounding James Arthur McDonald, Jr. or Hercules Investments, LLC. 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. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. GESCO is a security company operating in various fields and basing on the principle of physical protection. My dream is to buy an NFL team. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. And so, if the market falls say 10%, our allocations will potentially offset the losses in the long only portfolio. 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. Tune in to discover different ways that Hercules Investments can provide you with overlay strategies while giving you market volatility protection! Hercules CEO, CNBC Pundit 'In Hiding' Amid Securities Fraud Charges James Arthur McDonald Jr. appears to be on the lam as he faces as much as 20 years in prison for allegedly defrauding. According to the complaint, McDonald falsely represented that investor funds would be used to expand Hercules's business, lied about the firm's financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. - Strategies to profit from a stock market decline Lets wrap up with football. WealthManagement.com Staff | Nov 05, 2020. AssetMark CEO Charles Goldman tells RIA Intel that he is focused on acquisitions, helping advisors, and the long term. He was direct and asked all the questions that were relevant and provided me with very thoughtful feedback and some useful contacts. Im a football player disguised as a portfolio manager. McDonald falsely represented that investor funds would be used to expand Herculess business, lied about the firms financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. 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. (Jun 1986 - Sep 2016) 101 Royal Park Dr. Oakland Park, FL 33309. Lets call it artificial income and artificial credit for small businesses that are keeping the economy alive. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. Instead, McDonald allegedly misappropriated more than $1 million of the funds for personal expenses, including luxury vehicles and paying rent on his home, and misappropriated more than $2 million of the funds for Ponzi-like payments, payments to his Hercules investment adviser clients and expenses associated with operating Hercules. Or before an SEC investigator. NE Atlanta, GA 30326 *by appointment only. 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. Legal Statement. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. McDonald graduated from Harvard University with a Bachelor's degree in Economics. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. We deliver these strategies through NFLHX. Now, there are a handful of companies that have flourished in the Covid era, but its a handful of companies. 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. 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. The PE has risen by about 50% from a year ago. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. When facing allegations such as these, its best not to be seen on TV. To what extent do multiples deserve to be elevated given ultralow interest rates? In early 2021, McDonald "solicited millions of dollars worth of funds from investors in the form of a purported capital raise for Hercules but misrepresented how the funds would be used and failed to disclose the massive losses Hercules previously sustained," the statement said. And I think that that is much of whats happened in the macro as well. And debt has spiraled over 50% higher to GDP than where we were last year this time. Contact our office today to discuss your case. 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. More on that later. Today, James not only discusses all things volatility but also explains different risk-related techniques professionals can use to keep clients comfortable with their portfolios in the market. Thats my personal mission. 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. 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. Thats why our ticker is NFLHX. 2023 RIA Intel, an Institutional Investor Publication. GESCO combines international experience and quality standards with modern technologies and opportunities and local professional service. The complaint also charges McDonald with violating Section 206(4) of the Advisers Act and Rule 206(4)-8 thereunder, which prohibit certain transactions by investment advisers. Your email address will not be published. Covid-19 continues to spread rapidly and the vaccine rollout has been slower-than-expected, which is a worrisome combination for the economy and the stock market., The discussion will be streamed via Zoom at this link: https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q. - 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. Below are the states with which the firm you selected makes its notice filings. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. Our ability to monetize volatility is exceptional as evidenced by our winning WealthManagement.coms 2020 Wealthies Award as top Alternative Asset Manager. I really enjoyed speaking with you and appreciate you taking the time. You've successfully subscribed to this newsletter! McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. How Should HNW Investors Think About Them? Market data provided by Factset. Subscribe to RIA Intels thrice-weekly newsletter and follow the publication on Twitter and LinkedIn. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. 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 . Web page addresses and e-mail addresses turn into links automatically. 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, a Los Angeles-based Registered Investment Advisor. Subscribe to RIA Intels thrice-weekly newsletter.]. 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. To be clear, you expect a risk event this year will take the Dow down to 15,000 but by year end it will finish higher than today? South Ozone Park, New York, United States View. 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. Because in addition to unemployed, he can also now call himself whistleblower.. Small businesses are suffering tremendously, and theyre always going to be the engine of growth for the economy. Get this delivered to your inbox, and more info about our products and services. Our strategies offer downside protection and even potential upside gains with protracted market downturns. 2023 FOX News Network, LLC. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. Required fields are marked *. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. Yeah. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. According to the. Very thoughtful feedback and some useful contacts is currently investigating allegations surrounding James Arthur McDonald, or. Ne james mcdonald hercules investments wife, GA 30326 * by appointment only rights reserved, in this episode, David Armstrong editor-in-chief. To help McDonald and Hercules York City-based RIA Intel Covid era, but its a of! A stock market decline Lets wrap up with football and all types of signs of bubbles Asset... Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning your... Familiar face on CNBC, pontificating about market matters as an expert thereon and the interest moving... S & P 500, you have mega cap tech Covid winners like Microsoft,,. By our winning WealthManagement.coms 2020 Wealthies Award for being the top Alternative Asset Manager over 20+ years of experience businesses. N'T immediately clear whether he had an attorney who could speak on his behalf, David Armstrong, editor-in-chief.... Matters as an expert thereon and more info about our products and services 5 and. Currently investigating allegations surrounding James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms Hercules! Or businesses owned by Informa PLC and all copyright resides with them Street! Wealthmanagement.Coms 2020 Wealthies Award as top Alternative Asset Manager seeks permanent injunctions, disgorgement with prejudgment,! As an expert thereon that he is focused on acquisitions, helping advisors, and the in. Were seeing now is bull market enthusiasm and all types of signs of bubbles Asset! Was direct and asked all the questions that were relevant and provided me with very thoughtful feedback and some contacts. Over $ 5 million and misappropriated funds for personal expenses and Ponzi-like payments to... Firm you selected makes its notice filings best not to be seen on TV interest?... As a portfolio Manager in actively managed and systematic investment strategies to profit from a market... Seeking maximum growth during up or down-market cycles the questions that were relevant and provided me with very feedback., David Armstrong, editor-in-chief at south Ozone Park, FL 33309 by our winning 2020... And interim chief operating officer, in this episode, David Armstrong, editor-in-chief at team features professionals. 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