Hedge Fund News From HedgeCo.Net

(Hedgeweek) Equity and multi-strategy funds helped hedge funds start 2024 on the right foot, recording their best post-pandemic quarter, according to the latest data from Citco, an asset-servicer with over $1.9tn in AUA. To read this article:

(CNBC) Stock futures pushed higher on Sunday evening as Wall Street looks to find its footing following a steep sell off for tech companies. Futures the S&P 500 rose 0.3%. Nasdaq 100 futures gained 0.4%, while those for the Dow […]

(Hedgeweek) A period of poor performance has prompted macro hedge fund major Brevan Howard to embark on a strategic cost cutting exercise which will see the Jersey-headquartered firm axe around 100 traders and middle and back-office staff, according to a […]

(CNBC) The IMF has warned that a “concentration of vulnerability has built up” which poses a potential risk to wider financial stability, given that a small group of hedge funds now accounts for the vast majority of short positions in […]

(CNBC) The Bitcoin network Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin has been volatile ahead of the event, and fell about 4% this weekend to trade […]

(Hedgeweek) Hidden Road Partners, a startup prime brokerage with backing from Ken Griffin’s market-making firm Citadel Securities, is looking to raise new funds as the digital assets market rebounds, according to a report by Bloomberg citing unnamed people with knowledge of […]

(CNBC) The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is ‘halved.’ […]

(CNBC) Stock futures plunged Thursday evening as conflict reignited between Israel and Iran. A U.S. official confirmed that Israel is conducting an operation in Iran. Earlier, Iran’s Fars news agency reported explosions were heard near the airport at the country’s […]

(Hedgeweek) Hedge fund performance was positive during the first quarter, as nearly all strategies turned more bullish on US stocks, with gross returns across all strategies averaging nearly 6%, led by managed futures strategies with gross returns at nearly 10%, […]

(CNBC) A New York federal jury on Thursday convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice’s first-ever cryptocurrency open-market manipulation case, prosecutors said. The man, 28-year-old Avraham Eisenberg of San Juan, faces […]

(CNBC) Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines. Total memberships rose 16% in the first quarter, reaching 269.6 […]

(CNBC) Norway’s giant sovereign wealth fund on Thursday reported a first-quarter profit of 1.21 trillion kroner ($110 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world’s largest sovereign wealth fund, […]