Monthly Archives: February 2024
Quant Vatic adds hedge fund-style trading team
(Hedgeweek) Quant trading firm Vatic Investments, which takes ‘inspiration’ from systematic hedge fund firm Renaissance Technologies, has hired a new team to trade statistical arbitrage strategies using client money, according to a report by eFinancial Careers. To read this article:
Jeffrey Gundlach says all the ‘Goldilocks’ talk makes him nervous, thinks recession is still likely
(CNBC) DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. To read this article:
SEC delays hedge fund dealer registration rule vote
(Hedgeweek) A vote on new regulations, which would introduce a requirement for hedge funds and proprietary trading firms to register as dealers, has been postponed by the Securities and Exchange Commission (SEC), according to a report by Bloomberg. To read […]
Crowded trades are top concern for hedge fund investors
(Hedgeweek) More than a fifth of institutional hedge fund investors, including pension funds and insurance companies, have identified ‘crowding’ in hedge fund portfolios as a top investment concern, according to a report by Reuters. To read this article:
Fed holds rates steady, indicates it is not ready to start cutting
(CNBC) The Federal Reserve has sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting, with a March move lower increasingly unlikely. In a substantially changed statement […]
Deutsche Bank smashes profit estimates and boosts shareholder returns
(CNBC) Deutsche Bank on Wednesday smashed fourth-quarter earnings expectations with a net profit of 1.3 billion euros ($1.4 billion), and announced a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% […]
Qualcomm earnings beat estimates as smartphone chip sales suggest recovery
(CNBC) Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts’ estimates as sales of handset chips jumped 16% from a year earlier. Qualcomm shares fell more than 1% in extended trading. To read this article:
Two Sigma records 16% loss for Compass Enhanced Fund
(Hedgeweek)Two Sigma Investments recorded mixed returns across its family of hedge funds last year, with the firm’s macro Compass Enhanced fund falling 16% while its Absolute Return fund, which trades across several strategies, gained 12%, according to a report by […]
Texas Stockbroker charged for Stealing Funds from Elderly Customers
(Hedgeco.Net) The Securities and Exchange Commission has announced the filing of a civil injunctive action against Bradley Morgan Holts of Beaumont, Texas, for allegedly misappropriating customer funds. The SEC’s complaint alleges that Holts, while a registered representative associated with a […]
Union Pacific CEO to step down following hedge fund pressure
Hedgeweek) Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report […]
Adani loses $145bn in month since short seller’s accusations
(Hedgeweek) More than $145 billion has been wiped from the value of Gautam Adani’s business empire in the month since US short seller Hindenburg Research first accused the company of stock market manipulation and accounting fraud, according to a report […]
Stock futures inch higher as Wall Street braces for final trading day of February: Live updates
(CNBC) Stocks futures rose slightly in overnight trading as investors braced for the final trading day of February. Futures tied to the Dow Jones Industrial Average gained 30 points, or 0.10%, while S&P 500 and Nasdaq 100 futures added 0.12% […]