Monthly Archives: January 2024
S&P 500 futures are little changed as investors prepare for Big Tech earnings: Live updates
(CNBC)S&P 500 futures are little changed Tuesday morning as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon. Futures connected to the broad index were flat, while Nasdaq 100 futures added 0.13%. Dow Jones […]
Bitcoin bounces above $43,000, turns positive for 2024
(CNBC) The price of bitcoin broke above the $43,000 level on Monday as the cryptocurrency extended its recent gains. Bitcoin was last trading higher by 2.93% at $43,097.35, according to Coin Metrics. Bitcoin has fought back into the green for […]
Millennium pulls $1.5bn from Meridiem
(Hedgeweek) Millennium Management, the multi-strategy major founded by Izzy Englander, has pulled cash from Meridiem Capital Partners, three years after backing the stock-focused hedge fund to the tune of $1.5bn, according to a report by Bloomberg. To read this article:
Ex-Merricks trading head targets $500m for new commodities hedge fund
(Hedgeweek) Farrer Capital, a new agriculture-focused hedge fund co-founded by Adam Davis, the former Head of Commodities Trading at Merricks Capital, is looking to raise an initial $500m for investments, according to a report by Reuters. To read this article:
Busy Fed week, tech earnings could dictate the course of this rally, Fundstrat’s Tom Lee says
(CNBC) Investors are embarking on a hectic week with key tech companies reporting and a big Federal Reserve meeting – and it could shape the next steps for the stock market’s rally, said Fundstrat’s Tom Lee. Microsoft and Alphabet are […]
FanDuel parent Flutter lists on the NYSE, challenging DraftKings as sports-betting pure play
(CNBC) FanDuel parent Flutter listed on the New York Stock Exchange on Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings It’s a secondary listing for the international sportsbook, which will retain its primary […]
Northern Star SPAC Charged for Misrepresentations in its IPO-Related Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has announced that Northern Star Investment Corp. II, a special purpose acquisition company (SPAC), has agreed to settle charges that it made misleading statements in forms filed with the SEC as part of its […]
Stock futures Sunday Night fall ahead of big tech earnings and Fed meeting decision:
(CNBC) U.S. stock futures fell across the board Sunday night as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. Futures tied to the Dow Jones Industrial Average declined 86 points, or 0.2%. […]
Hedge fund Chatham wants $100m from compliance team following SEC probe
(Hedgeweek) Having agreed to pay more than $19m to settle US SEC charges relating to improper bond trading, hedge fund Chatham Asset Management is now looking to recoup those costs, plus damages, from its compliance adviser Advisor Compliance Associates (ACA), […]
SS&C GlobeOp Forward Redemption Indicator falls to 2.03% in January
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator, which measures redemption notices received from investors in hedge funds administered by SS&C GlobeOp, measured 2.03% for January, down from 3.64% in December. To read this article:
Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
(CNBC) The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle last week as did Meta and Microsoft, which ran past $3 trillion in market cap. […]
Crypto hedge fund AUM up 41.62% to $15.2bn
(Hedgeweek) Crypto hedge funds’ AUM jumped in Q4 2023 to $15.2bn, a 41.62% increase on the previous total of $10.75bn, with fundamental strategies holding $11.4bn, quant directional funds $1.8bn, and market neutral funds $1.9n, according to the 2024 Institutional Crypto […]
