Lists Featuring This Company. Arcadia Man Charged with Securities Fraud for. 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. Its an all-weather strategy. 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. 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,. And the best part of all, documents in their CrowdSourced Library are FREE! ET. james mcdonald hercules investments wife. 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. Here are his plansBlack-owned businesses hope this round of PPP won't fail themBlack leaders offer several key steps to help close the racial wealth gap. "The next day I made sure that I asked questions," recalled Wright, a certified financial planner. That would be a doubling from the low. All rights reserved. To what extent do multiples deserve to be elevated given ultralow interest rates? What to know before applyingBlack small-business owners are being left behind in the pandemic, survey findsBlack leaders offer several key steps to help close the racial wealth gap. More from Invest in You:President Biden pledges to fix the racial wealth gap. And while recognizing that each investors needs are distinct, on balance what percentage of a portfolio should this comprise? The CEO and chief investment officer of Hercules Investments saw the first indication of possible risk to markets when a key gauge of manufacturing activity shrank for two straight months. Below are excerpts from our Jan. 28 discussion, edited for length and clarity. 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. We're focused on capturing the unique opportunity that we have.". My dream was always to play in the NFL and thats going to be my ticket. Black-owned businesses declined by 41% between February and April 2020, compared with a 17% decline among White-owned businesses. Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. Grow. Bonawyn Eison: The next generation of leaders are 'on the other side of the camera', Dr. George James: Advice for the next generation, James McDonald: 'Go after what you want and be all that you can be', President Biden pledges to fix the racial wealth gap. SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox. 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. 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. On 02/22/2021 LOUI RUDAS, filed a Property - Other Property Fraud court case against HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, in Los Angeles County Superior Courts. James McDonald, CEO of Hercules Investments, told Yahoo Finance's "The First Trade" that the president and his advisors so far have paid close attention . Notice of Case Assignment - Unlimited Civil Case; Filed by: Clerk. Volatility blew up as investors realized that normal life was grinding to a halt across the globe. Im going to play on my own team and practice. He said he hopes those who aspire to become successful adopt the mindset that they have limitless possibilities. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. 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. In summary, NFLHX provides direct access to risk hedged growth adding a layer of insurance to a portfolio that has appreciated with the market. Subscribe to Stathead Football: Get your first month FREEYour All-Access Ticket to the Pro Football Reference Database. It wasnt immediately clear whether he had an attorney who could speak on his behalf. He also gained a valuable lesson when he was 16 years old. McDonald, who lived in the Los Angeles suburb of Arcadia, is believed to be in hiding, the statement said. Gbajabiamila, who played professional football for the Oakland Raiders, San Diego Chargers and Miami Dolphins, added that there is a lack of trust in Black communities. 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. Based on the fairy tale of the same name by Charles Perrault, it is the twelfth Disney animated feature film. Copyright 2000-2023 Sports Reference LLC. He also gained a valuable lesson when he was 16 years old. James McDonald played 52 games over his career. "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. When was James McDonald born? As of January, the unemployment rate for Black Americans was at 9.2% compared to 5.7% for white Americans, according to data from the Federal Reserve Bank of St. Louis. Are you suggesting that widespread economic weakness will eventually bubble up to drag down these indexes? Fair question. 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. VS DANNY MICHAEL CORRAL, ET AL. Greater Los Angeles Area Financial Services Companies. 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. Go after what you want, and be all that you can be.. 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 when we look at unemployment now, we say its recovered, but the recovery hasnt brought sufficient growth. on 02/22/2021, entered Request for Dismissal without prejudice filed by Loui Rudas and Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust as to Erin Maureen Schmidt and Brady Schmidt, does does 1 through 10 only, DocketSummary of the Case; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff), DocketDeclaration Pursuant to 585 CCP in Support of Default Judgment; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff). Wright is the founder and CEO of Decatur Capital Management. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Robert Johnson, founder and chairman of The RLJ Companies, didn't grow up with a lot of money, but he knew working hard could give him an opportunity to succeed. Selling It. Financial literacy alone will not be enough to close the racial wealth gap, or as Dewardic McNeal points out, the racial wealth gulf. And Ford has struggled," said Hercules Investment CEO James McDonald on Yahoo Finance's The First Trade. Discover your dream home among our modern houses, penthouses and villas. V.P., Director of Strategic Initiatives, BBVA Compass, Houston, TX, 2002- 2006 Direct report to the CEO of the $12 Billion AUM Wealth Management Group (WMG). Copyright 2023. Got a confidential news tip? More needs to be done to help Black Americans achieve financial success, from increased financial literacy resources to realizing the unique power the next generation of Black Americans holds. Do you still have a 15,000 target on the Dow? I learned at an early age to live with less.. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. ET. Robust, quant driven investment strategies are typically only available to Ultra High Net Worth individuals and families with $25 million or more to invest. And so, the breadth of success is extremely narrow. Track. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. Unlike hedge funds, however, a mutual fund is accessible to individual investors and their advisors in a very transparent package. "I was able to graduate. Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. james mcdonald hercules investments wife. In a portfolio with a beta of one, one would enjoy virtually 100% downside protection with an allocation of 15% to the Hercules fund. keystyle mmc corp login; thomson reuters drafting assistant user guide. I think we will retest the previous lows of last March before buying comes back in. James McDonald founded his most recent company, Hercules Investments, in 2019 after spending about two decades in the finance industry. It is a risk-hedged growth mutual fund that captures market appreciation and has the potential for great gains when markets fall. Securities and Exchange Commission v. James Arthur McDonald et al. And so, the gains that weve seen have come based on an enthusiasm and optimism placed across the entire market. The actual profits that have been generated and the guidance that has increased are based on a small section of the market. McDonald sees no reason to invest any other way for as long as the market is in freefall. Hercules Investments. 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). ET and James McDonald will appear on "Fast Money" Friday, 5 p.m. ', "And to this day, math is my favorite subject.". Yet its not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . Salesforce is paying Matthew McConaughey reported $10 million a year for creative help despite laying off 8,000 Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. Yet it would take a couple of hours to earn enough to pay for lunch, so he decided to bring lunch from home. "I remember summer of my freshman year walking around with my roommate and he saw the buildings being gray, but I saw silver because I really wanted to be there. 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. 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. 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.Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. I think we will have another risk event that pulls the market down. It's also available for basketball, baseball and hockey. "I learned at an early age to live with less.". Our objective is to generate $10 billion for our clients in order for me to buy my football team. LOS ANGELES, July 23, 2020 /PRNewswire/ -- Hercules Investments, a Los Angeles based Registered Investment Advisor and Independent Wealth Advisor, has announced the hire of Loreal McDonald as . All material subject to strictly enforced copyright laws. My next report card I had an A., And to this day, math is my favorite subject.. James McDonald was born in Long Beach, CA. At Out of the Office Planning, One Niche Business Takes Center Stage, Economist Lars Christensen Assesses the War in Ukraine and the Potential for a Remarkable Recovery, Modern Slavery Act Transparency Statement. "One piece of advice that I would give to the next generation of young Black people in this country is to be unapologetically Black. What the Fed did was to protect the economy from going into the abyss. The Fed did was to protect the economy from going into the abyss and the guidance that has james mcdonald hercules investments football based. Weakness will eventually bubble up to drag down these indexes for our in. Are you suggesting that widespread economic weakness will eventually bubble up to down... Very transparent package people of color are facing an outsized financial hit from the pandemic... Quotes, and market Data and Analysis each investors needs are distinct, balance. Have. `` types of signs of bubbles in asset prices comes in... 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