ET and James McDonald will appear on "Fast Money" Friday, 5 p.m. ", More from Invest in You: The smallest businesses are getting extra PPP help. ', "And to this day, math is my favorite subject.". And this is evidenced by us being at valuation levels weve never touched before, even higher than 1929 and 2000-2001. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index . Civil Case Cover Sheet; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant); Erin Maureen Schmidt (Defendant) et al. James McDonald, the chief investment officer at Hercules Investments, told Business Insider that the news would be the catalyst for a protracted sell-off heading into the election.. I would be thrilled to buy the Washington football team because I grew up in Chevy Chase, Maryland. The gap between corporate profits and GDP, or even corporate profits and equity market prices, is wider than its ever been by a long way. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. "I was able to graduate. But I think that the market will rebound and potentially finish the year slightly higher. Discover your dream home among our modern houses, penthouses and villas. Get this delivered to your inbox, and more info about our products and services. He played for the Los Angeles Rams and Detroit Lions. The equity markets have behaved puzzlingly well in 2020 with the backdrop of a global pandemic and lots of uncertainty around the evolution of the coronavirus and its impact on small businesses, households, and way of life. Ventured Growth, Episode 19: Cleantech 2.0. James McDonald founded his most recent company, Hercules Investments, in 2019 after spending about two decades in the finance industry. It takes time to get back up, but we have had renewed waves of lockdowns in the fall and layoffs. His online course, Life101.io, helps students navigate the complex money decisions they will encounter throughout life. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. Request for Dismissal; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); Hercules Investments, LLC, a California limited liability company (Defendant) et al. Degas Wright, a former Captain in the United States Army, says outside of his family the biggest influence in his life was his time at the United States Military Academy at West Point. james mcdonald hercules investments wife. "We've excelled at some of the largest financial institutions and we've generated billions in those areas of finance that are most complex," McDonald said. 2022-04-29, Los Angeles County Superior Courts | Contract | 2023 CNBC LLC. 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. There is nothing like self-empowerment: Feeling like you have the tools within yourself to kind of move forward, said Eison, who credits his mother for helping shape him into the man he is today. Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns. BOONE The Sun Belt Conference announced the seeding and matchups for the 2023 Hercules Tires Sun Belt Women's Basketball Championship late Friday evening and App State is the No. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. I would highly recommend them for any growth company looking for capital. The Securities and Exchange Commission today announced the filing of a civil injunctive action against James Arthur McDonald, Jr. and his SEC-registered investment adviser firm, Hercules Investments, LLC in connection with two fraudulent securities offerings. Javascript is required for the selection of a player. "We have not had a single loser because of this environment and it makes no sense to do anything else at this point. James McDonald, CEO & Chief Investment Officer of Hercules Investments, recently joined the Option Block Podcast on the Options Insider Radio Network, to talk volatility and the options market. McDonald, who faces up to 20 years imprisonment if convicted, "is believed to be in hiding," the U.S. Attorney's office said in a news release. After earning a D in eighth-grade algebra, he told his mother that he was one of just two Black students in his class and didnt want the white students to think he was stupid. Yet it would take a couple of hours to earn enough to pay for lunch, so he decided to bring lunch from home. 28, 2021 at 7:18 a.m. This fund is for qualified investors only. The underlying ETF's price went from about $11 as the S&P 500 peaked on Feb. 19 to above $126 on Wednesday - a gain of more than 1,050%. Greater Los Angeles Area Financial Services Companies. "I learned at an early age to live with less.". With the Super Bowl around the corner, who do you want to win and who do you think will win? Weve excelled at some of the largest financial institutions and weve generated billions in those areas of finance that are most complex, McDonald said. But then came the coronavirus, which was so crippling to the global economy that investors could not shrug it off like they had the manufacturing slowdown, Hong Kong protests, and impeachment trial. This is not a wealth gap. Wright is the founder and CEO of Decatur Capital Management. 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. James McDonald will surely be watching. "My advice to the next generation of Black Americans is to not wait for this information, but be proactive in seeking it out.". The uncertainty around COVID-19 and risks of rising inflation were the impetus for launching the fund. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. It's up to you to use it," she says. DocketComplaint; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant); Erin Maureen Schmidt (Defendant) et al. The bear case is that the effects of the shutdowns havent fully been realized yet. While working at a military commissary unloading grocery carts and delivering the groceries to cars, he would receive tips. There is nothing like self-empowerment: Feeling like you have the tools within yourself to kind of move forward, said Bonawyn Eison of XP Investments. "Take ownership of your financial education so that you can change not only your life but your family's life for the better," he recently told CNBC. 10 seed. Volatility blew up as investors realized that normal life was grinding to a halt across the globe. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. McDonald was the CEO of Los Angeles County-based Hercules Investments and Index Strategy Advisors Inc., prosecutors said. Consequently, these options have become more valuable to account for the wide range of possibilities that traders are pricing in for the future. on 02/22/2021 for damages of $675,000.00, attorney fees of $8,640.00, interest of $38,187.75, and costs of $2,779.75 for a total of $724,607.50. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. His son, James McDonald, plays in Major League Baseball. Mr. McDonald previously was CEO/CIO of Index Strategy Advisors Inc. (ISA) from 2010-2019. For George James, chief innovation officer at the Council for Relationships and CEO of George Talks, giving advice and counsel is part of his everyday life. And I learned from that experience it's all about your perspective that makes the difference.". And I think that that will trigger selling of portfolios that have had extensive gains, particularly in the past six months. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. He started trading financial and energy options at JPMorgan Chase and made a few other career moves before taking his current job as managing director of equity derivatives at XP Investments. SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox. Minute Order (Case Management Conference), Case Management Conference scheduled for 08/26/2021 at 08:30 AM in Stanley Mosk Courthouse at Department 55, Notice of Case Management Conference; Filed by: Clerk, Case Management Conference scheduled for 06/18/2021 at 08:30 AM in Stanley Mosk Courthouse at Department 55, Updated -- Omar H Bengali (Attorney): Middle Name changed from H. to H, Address for Omar H Bengali (Attorney) updated, Case assigned to Hon. Here are his plans, Black-owned businesses hope this round of PPP wont fail them, Black leaders offer several key steps to help close the racial wealth gap. February 27, 2023 new bill passed in nj for inmates 2022 No Comments . 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. attorneys office said in astatement. Write by: . Offers may be subject to change without notice. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. 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. James McDonald had 168 receiving yards over his career. A Division of NBCUniversal. 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. 2023 RIA Intel, an Institutional Investor Publication. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. So, I got to root for Tom Brady because any 40-plus football player is one I admire. Make sure youre ready, says Raj Bhattacharyya, CEO of Robertson Stephens. McDonald told Business Insider why he anticipated a spike in volatility, and broke down the strategies he is maintaining to profit all the way to the elections. 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. Copyright 2023. Owner @ Houston Wolverines Semi-Pro Football Team; Vice President, Director of Strategic Initiatives, Wealth Management Group @ Bbva Compass . If the next generation wants to succeed they need to turn to their superpower, according to Kourtney Gibson, president and partner at Loop Capital Markets. Every Sports Reference Social Media Account, Site Last Updated: Thursday, March 2, 12:12AM. Selling It. 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. As a result, McDonald's options trades that bet on this price trajectory have paid off handsomely. Degas Wright, founder and CEO of Decatur Capital Management, learned at an early age the importance of investing in himself. He started Black Entertainment Television with a $15,000 loan in 1980 and in 1991 he launched it as a public company the first African-American-owned one traded on the New York Stock Exchange. Thats my personal mission. Here's how to avoid sticker shock, How to build an emergency savings fund during an era of inflation, A quarter of Americans are expecting to delay their retirement due to rising consumer costs, according to a new study. Yet it's not his only passion he had a 12-year. The actual profits that have been generated and the guidance that has increased are based on a small section of the market. This is a wealth gulf', Degas Wright on the importance of perspective, The smallest businesses are getting extra PPP help. Bonawyn Eison landed in New York after graduating from Stanford University in 2005 and has been building his career in the financial markets ever since. Prior to that he was CIO of Vishnu Wealth Management and CEO. McDonald - an avid football enthusiast - stated that he planned to launch a publicly traded mutual fund under the ticker symbol "NFLHX." The losses to Hercules clients and the potential for litigation related to those losses jeopardized the success of that fund because any litigation would have had to be publicly disclosed. He started Black Entertainment Television with a $15,000 loan in 1980 and in 1991 he launched it as a public company the first African-American-owned one traded on the New York Stock Exchange. You can do it, too, he added. "You can do it, too," he added. While I understand that you may not have all the luxuries at your disposal, opportunity, met with tireless effort, will lead to results, Eison said. SIMPLY PUT - where we join the dots to inform and inspire you. Yet it's not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. DocketSummons on Complaint; Issued and Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant); Erin Maureen Schmidt (Defendant) et al. Use without license or authorization is expressly prohibited. 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. "As long as there's fear in the markets, these premiums are going to stay high," he said. The co-host of "American Ninja Warrior" wishes he could be a superhero sometimes. That strategy is over, McDonald said. "For me, reading. Dylan Smith (CFO, Box) UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. IE 11 is not supported. Robust, quant driven investment strategies are typically only available to Ultra High Net Worth individuals and families with $25 million or more to invest. In order to close this gulf a number of steps must be taken including greater access to capital for Black-owned businesses, greater opportunities for employment and participation in the equity economy. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. Sign up for free newsletters and get more CNBC delivered to your inbox. Im a football player disguised as a portfolio manager. We spoke with Black leaders about their advice for the next generation, as well as their defining career moments and lessons they've learned. In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons theyve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap. Fair question. He earned a bachelors degree in economics from Harvard University. Lululemon is among the founding sponsors of the Canadian Journalism Foundation's Black Journalism Fellowship. [3] She told him that he needed to learn the material and she couldn't help him. What to know before applying, Black small-business owners are being left behind in the pandemic, survey finds, Black leaders offer several key steps to help close the racial wealth gap, Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox, Here's the credit score you need to buy a home, New cars are still selling for over MSRP. He then started The RLJ Companies, which is headquartered in Bethesda, Maryland, and invests in diverse businesses. All Rights Reserved. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. College Basketball at Sports-Reference.com, Frequently Asked Questions about the NFL and Football, Pro-Football-Reference.com Blog and Articles, Subscribe to Stathead Football: Get your first month FREE. But stimulating growth is impossible if the economy isnt open. Prosecutors allege that McDonald concealed massive financial losses from some clients and used some investment money for personal expenses, spending some of it at a Porsche dealership and on a website that sells designer menswear. denverymca.org. Whats your takeaway from GameStop, AMC, Blackberry, etc.? Veteran markets strategist James McDonald, CEO of Hercules Investments, is staying with a call that he has had throughout the coronavirus pandemic fueled bear market, now going on two. At the time, the S&P 500 was in a bull market that was unprecedented in its duration and gains. Go after what you want, and be all that you can be.. 2023 CNBC LLC. Hercules offers qualified clients market neutral portfolio management executed primarily through domestic index options. 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. His advice to Black youths today: Don't financially limit yourself, no matter what others say to you or believe about you. And McDonald is their contracted rider in the southern hemisphere, on their best horses for all the big races in the Australian spring. The PE has risen by about 50% from a year ago. In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they've learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap. There are hundreds of companies in the small cap space that dont have the cash to pay their debt. I think the phenomena is an anomaly like virtually every pocket of life were in right now. Now, there are a handful of companies that have flourished in the Covid era, but its a handful of companies. And debt has spiraled over 50% higher to GDP than where we were last year this time. Complaint; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant); Erin Maureen Schmidt (Defendant) et al. TUNE IN: Bonawyn Eison will appear on "Fast Money" Wednesday, 5 p.m. 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? [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. Copeland, who graduated from and now teaches at the University of Pennsylvania, has been a longtime advocate for increased financial literacy. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Explore our venture lending portfolio here. 2:22-CV-06799 | 2022-09-21, Los Angeles County Superior Courts | Contract | James McDonald founded his most recent company, Hercules Investments, in 2019 after spending about two decades in the finance industry. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Judgment; Signed and Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant). Rams Get McDonald Back From Lions for a Draft Pick, Pirates' James McDonald Still Living Dodger Stadium Childhood Dreams, https://en.wikipedia.org/w/index.php?title=James_McDonald_(American_football)&oldid=1134094613, Players of American football from Long Beach, California, National Football League replacement players, Long Beach Polytechnic High School alumni, American football tight end, 1960s birth stubs, Short description is different from Wikidata, NFL player missing current team parameter, Infobox NFL biography articles with old NFL.com URL, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 17 January 2023, at 00:16. James McDonald had 14 receptions over his career. Why is this public record being published online? Voit muuttaa valintojasi milloin tahansa siirtymll yksityisyydenhallinta-asetuksiisi. 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. attorneys office said. [2] LOUI AND DRAGICA RUDAS AS CO-TRUSTEES OF THE RUDAS FAMILY TRUST, HERCULES INVESTMENTS LLC A CALIFORNIA LIMITED LIABILITY COMPANY, 7/14/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER RE: DEFAULT JUDGMENT) OF 07/14/2022, 7/14/2022: Minute Order - MINUTE ORDER (COURT ORDER RE: DEFAULT JUDGMENT), 7/1/2022: Declaration Pursuant to 585 CCP in Support of Default Judgment, 6/9/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE), 4/8/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE), 2/9/2022: Opposition - OPPOSITION SPECIALLY APPEARING INTERESTED PARTY SEMYON GINZBURGS REQUEST FOR JUDICIAL NOTICE, 2/17/2022: Minute Order - MINUTE ORDER (COURT ORDER RE: DENIAL OF NOTICE OF RELATED CASE), 2/17/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER RE: DENIAL OF NOTICE OF RELATED CASE) OF 02/17/2022, 2/18/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE), 2/18/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR [MINUTE ORDER (COURT ORDER RE: DENIAL OF NOTICE OF RELATED CASE)], 12/16/2021: Proof of Service - No Service - PROOF OF SERVICE - NO SERVICE NON SERVICE REPORT, DocketJudgment; Signed and Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant). Global Business and Financial News, Stock Quotes, and Market Data and Analysis. A cursory look at the stock market's moves during the last couple of days demonstrates why these options have been so profitable. Data is a real-time snapshot *Data is delayed at least 15 minutes. James McDonald has not been elected into the Hall of Fame. 2022-03-10, Los Angeles County Superior Courts | Property | Greg Bartalos (@gregorianchance) is editor of New York City-based RIA Intel. What should advisors know about your firm and how you can help them? why was waylon jennings buried in mesa az; chop pediatric residency Federal prosecutors charged McDonald with one count of. Hercules Investments provides a growth option for investors who need gains and growth, but we offer an element of downside risk protection because equity markets are disconnected from what we know is GDP contraction, debt, and all the uncertainty that comes along with a mutating virus. Hi, James. Minute Order (Court Order RE: Default Judgment), Certificate of Mailing for (Court Order RE: Default Judgment) of 07/14/2022; Filed by: Clerk, Case Management Conference scheduled for 08/10/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 55 Not Held - Vacated by Court on 07/14/2022, On the Complaint filed by Loui Rudas, et al. Hercules investments is an award-winning portfolio manager serving growth-focused individual.

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