Latest news with #TolouCapitalManagement
Yahoo
4 days ago
- Business
- Yahoo
Brazil to investigate suspected FX insider trading on US tariffs
By Lisandra Paraguassu BRASILIA (Reuters) -Brazil's Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July, according to a Monday court filing. On Saturday, the solicitor general's office, known as AGU, had requested Supreme Court authorization to look into the trades after a news report suggested a significant volume of Brazilian reals were sold in anticipation of the tariff announcement, which could suggest insider trading. The news report was based on a chart posted by Spencer T. Hakimian, founder at New York-based hedge fund Tolou Capital Management, that showed how the Brazilian real moved on June 9, when Trump announced a 50% tariff on imports from Brazil. He told Reuters on June 10 that he had no further data or information to back his comments. Tolou manages $82 million in a global macro hedge fund strategy. "I am very happy to see Brazil looking into something suspicious. I wish the U.S. would be responsible enough to do the same," Hakimian said, after learning about the probe. The new probe is part of the investigation into the use of international tariffs to coerce Brazil's court system to drop the case against former Brazilian President Jair Bolsonaro for plotting a coup after he lost the 2022 presidential elections. Brazil's attorney general is investigating Eduardo Bolsonaro, the son of the former president, over allegations that he courted interference by Trump. The crisis also prompted Brazil's Supreme Court to issue new restrictive measures against the former president, such as wearing an electronic ankle monitor. (By Lisandra Paraguassu and Maria Carolina Marcello; additional reporting by Carolina Mandl in New York; writing by Isabel Teles; Editing by Stephen Coates) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
4 days ago
- Business
- Straits Times
Brazil to investigate suspected FX insider trading on US tariffs
BRASILIA - Brazil's Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July, according to a Monday court filing. On Saturday, the solicitor general's office, known as AGU, had requested Supreme Court authorization to look into the trades after a news report suggested a significant volume of Brazilian reals were sold in anticipation of the tariff announcement, which could suggest insider trading. The news report was based on a chart posted by Spencer T. Hakimian, founder at New York-based hedge fund Tolou Capital Management, that showed how the Brazilian real moved on June 9, when Trump announced a 50% tariff on imports from Brazil. He told Reuters on June 10 that he had no further data or information to back his comments. Tolou manages $82 million in a global macro hedge fund strategy. "I am very happy to see Brazil looking into something suspicious. I wish the U.S. would be responsible enough to do the same," Hakimian said, after learning about the probe. The new probe is part of the investigation into the use of international tariffs to coerce Brazil's court system to drop the case against former Brazilian President Jair Bolsonaro for plotting a coup after he lost the 2022 presidential elections. Brazil's attorney general is investigating Eduardo Bolsonaro, the son of the former president, over allegations that he courted interference by Trump. The crisis also prompted Brazil's Supreme Court to issue new restrictive measures against the former president, such as wearing an electronic ankle monitor. REUTERS
Reuters
4 days ago
- Business
- Reuters
Brazil to investigate suspected FX insider trading on US tariffs
BRASILIA, July 21 (Reuters) - Brazil's Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July, according to a Monday court filing. On Saturday, the solicitor general's office, known as AGU, had requested Supreme Court authorization to look into the trades after a news report suggested a significant volume of Brazilian reals were sold in anticipation of the tariff announcement, which could suggest insider trading. The news report was based on a chart posted by Spencer T. Hakimian, founder at New York-based hedge fund Tolou Capital Management, that showed how the Brazilian real moved on June 9, when Trump announced a 50% tariff on imports from Brazil. He told Reuters on June 10 that he had no further data or information to back his comments. Tolou manages $82 million in a global macro hedge fund strategy. "I am very happy to see Brazil looking into something suspicious. I wish the U.S. would be responsible enough to do the same," Hakimian said, after learning about the probe. The new probe is part of the investigation into the use of international tariffs to coerce Brazil's court system to drop the case against former Brazilian President Jair Bolsonaro for plotting a coup after he lost the 2022 presidential elections. Brazil's attorney general is investigating Eduardo Bolsonaro, the son of the former president, over allegations that he courted interference by Trump. The crisis also prompted Brazil's Supreme Court to issue new restrictive measures against the former president, such as wearing an electronic ankle monitor.
Yahoo
4 days ago
- Business
- Yahoo
Brazil to investigate suspected FX insider trading on US tariffs
By Lisandra Paraguassu BRASILIA (Reuters) -Brazil's Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July, according to a Monday court filing. On Saturday, the solicitor general's office, known as AGU, had requested Supreme Court authorization to look into the trades after a news report suggested a significant volume of Brazilian reals were sold in anticipation of the tariff announcement, which could suggest insider trading. The news report was based on a chart posted by Spencer T. Hakimian, founder at New York-based hedge fund Tolou Capital Management, that showed how the Brazilian real moved on June 9, when Trump announced a 50% tariff on imports from Brazil. He told Reuters on June 10 that he had no further data or information to back his comments. Tolou manages $82 million in a global macro hedge fund strategy. "I am very happy to see Brazil looking into something suspicious. I wish the U.S. would be responsible enough to do the same," Hakimian said, after learning about the probe. The new probe is part of the investigation into the use of international tariffs to coerce Brazil's court system to drop the case against former Brazilian President Jair Bolsonaro for plotting a coup after he lost the 2022 presidential elections. Brazil's attorney general is investigating Eduardo Bolsonaro, the son of the former president, over allegations that he courted interference by Trump. The crisis also prompted Brazil's Supreme Court to issue new restrictive measures against the former president, such as wearing an electronic ankle monitor. (By Lisandra Paraguassu and Maria Carolina Marcello; additional reporting by Carolina Mandl in New York; writing by Isabel Teles; Editing by Stephen Coates) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
22-06-2025
- Business
- Business Insider
Business leaders from Bill Ackman to Jason Calacanis react to the US strike on Iran's nuclear sites
Donald Trump on Saturday announced the US had launched strikes on three major Iranian nuclear sites. The attack takes US involvement in the conflict between Iran and Israel to a new level. Here's how business leaders from Bill Ackman to Jason Calacanis reacted to the news. The military operation marks a significant escalation in the tensions between Iran and Israel and represents a new level of US involvement in the international conflict. Business leaders from Bill Ackman to Jason Calacanis reacted to the news. Bill Ackman Billionairehedge fund manager Ackman, a longtime ally of the president's, was among the first to publicly react to the news with a post on X. "Thank you to our great military for its superb execution on ridding Iran of its nuclear threat," Ackman wrote shortly after the news broke. "All Americans are eternally grateful for you." Thank you to our great military for its superb execution on ridding Iran of its nuclear threat. All Americans are eternally grateful for you. — Bill Ackman (@BillAckman) June 22, 2025 He continued later, writing in a separate post: "To state the obvious, @realDonaldTrump's actions tonight are a lot better than relying on the IRGC's 'commitment' to not develop nuclear weapons." "In eight days, the United States and Israel eliminated Iran's nuclear capabilities with minimal civilian casualties," he added in another post. "One of the greatest military achievements ever." Jason Calacanis Serial entrepreneur Calacanis posted on X, "Five months into Trump's term, we're at war." In a subsequent post, he elaborated, saying that his initial statement was "just an observation, published without judgement." "We don't have the intelligence that our leaders have, so I will reserve judgement until we know more," Calacanis wrote. "It should be obvious to everyone, however, that no president can just stop conflicts on day one. We now have three conflicts were involved in." Its just an observation, published without judgement We dont have the intelligence that our leaders have, so I will reserve judgement until we know more. It should be obvious to everyone, however, that no president can just stop conflicts on day one. We now have three — @jason (@Jason) June 22, 2025 Spencer Hakimian The founder of the hedge fund Tolou Capital Management responded to the strikes in a series of posts on social media, describing the US military operation as "completely undetectable," given that no flight trackers showed US military aircraft over Iran within 30 minutes of the strikes. "Say what you want," Hakimian wrote. "The United States military is A1 and there's not a close competitor at the moment." In a separate post, Hakimian added: "The most escalatory thing that Iran can do is not to bomb U.S. military bases in the Middle East. It's to close the Strait of Hormuz. And if that happens, Oil goes above $100 in the blink of an eye. Iran is no military match for the United States. But they can wreak havoc via inflation. Just like Russia in 2022." The most escalatory thing that Iran can do is not to bomb U.S. military bases in the Middle to close the Strait of if that happens, Oil goes above $100 in the blink of an eye. Iran is no military match for the United States. But they can wreak havoc — Spencer Hakimian (@SpencerHakimian) June 22, 2025 Shaun Maguire Maguire, a partner at Sequoia Capital, praised Trump as the "Greatest President of my lifetime." "You may just not realize it yet," Maguire wrote in a post on X, alongside a picture of Trump with his fist in the air after he was wounded during an assassination attempt in Butler, Pennsylvania. "Bulletproof instincts and nerves of steel." James Fishback A vocal supporter of Trump and cofounder of Azoria investment firm, Fishback praised the US strikes — and criticized those who expressed concern over the rising geopolitical tensions — in a series of posts on X. "Iran can't possibly think this is the start of a U.S. offensive. Trump's been clear from the start: they can't have a nuke. We just accomplished that. We're done here," Fishback said in one post. "If Iran chooses to retaliate against a clearly telegraphed, one-and-done strike, they'd be signing their own death warrant. Trump was right."
