Monthly Archives: January 2024
Super Micro shares soar 36% to record on uplifting preliminary results
(CNBC)Super Micro Computer, one of the best-performing tech stocks of the past few years, soared 36% last week to a record, after the maker of data center hardware issued preliminary financial results that exceeded estimates. The company said revenue for […]
Hedge funds up 2.14% in December, says S&C GlobeOp
(Hedgeweek) Global hedge funds recorded an average gain of 2.14% in December according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index for the month, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement […]
Trian formally nominates Peltz for Disney board seat
(Hedgeweek) Activist hedge fund firm Trian Fund Management has formally nominated founder Nelson Peltz and former Disney executive Jay Rasulo for seats on the board at Walt Disney, two days after the entertainment giant nominated a different slate of directors, […]
Jain makes quant appointment
(Hedgeweek) Jain Global, former Millennium co-CIO Bobby Jain’s much anticipated hedge fund launch, may be struggling to hit its original fundraising target, but recruitment is continuing apace, with Adil Hayat as the firm’s latest new recruit, according to a report […]
Hedge funds up 2% in December, says Citco
Hedgeweek) Hedge funds continued their run of positive performance last December, notching up an overall weighted return of 2% for the month according to new data from Citco, the global alternative investment asset servicer with over $1.8tn in AUM. To […]
Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
(CNBC) Meta is spending billions of dollars on Nvidia’s popular computer chips, which are at the heart of artificial intelligence research and projects. In an Instagram Reels post on Thursday, Zuckerberg said the company’s “future roadmap” for AI requires it […]
Nvidia and AMD shares hit record highs on AI chip surge
(CNBC) AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 […]
Bitcoin slides back to $40,000 as post-ETF correction deepens
(CNBC) The move in bitcoin weighed on crypto-related stocks, too. Coinbase and MicroStrategy ended the trading day down 7% and 2%, respectively. Miners CleanSpark and Marathon Digital lost more than 6% each, while Riot Platforms fell 5% and Iris Energy […]
Jain Global struggling to hit $8bn-$10bn fundraising target
(Hedgeweek) Bobby Jain’s new multi-manager hedge fund firm Jain Global may come up short in its bid to be crowned the industry’s largest ever launch, with the fund struggling to reach its original $8bn to $10bn fundraising target, according to […]
Activist Peltz lacking a “single strategic idea”, says Disney
(Hedgeweek) Activist investor Nelson Peltz, a co-founder of hedge fund Trian Partners, has failed to present “a single strategic idea” to Walt Disney throughout two years of campaigning for a seat on the board of the entertainment giant, according to […]
Light Street hedge fund up 46% in 2023
(Hedgeweek) Light Street Capital, a California-based alternative investment firm focused on equity investments in the technology and media sectors, posted a 46% gain for its Mercury hedge fund in 2023, according to a report by Reuters. To read this article:
Google CEO says more job cuts are needed in 2024 in order to reach ‘ambitious goals’
(CNBC) In a memo to the staff, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (objectives and key results).“The reality is that to create the […]