Monthly Archives: February 2023
Bridgewater’s Dalio secures multi-billion dollar exit package
(Hedgeweek) Bridgewater Associates founder Ray Dalio has negotiated an exit package worth ‘billions’ of dollars as part of his decision to retire form the day-to-day running of the business last year, according to a report by the New York Times. […]
Fed minutes show members resolved to keep fighting inflation with rate hikes
(CNBC) Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes released Wednesday showed. To read this article:
Nvidia stock rises after slight beat driven by A.I. chips
(CNBC) Nvidia stock rose more than 8% in extended trading on Wednesday after the company reported slightly higher revenue and net income than Wall Street expected, despite a year-over-year decrease in both categories. Here’s how the chipmaker did versus Refinitiv […]
Hedge funds positioned for stock-picking gains, says Goldman
(Hedgeweek) With market conditions for US stock-pickers becoming more favourable, hedge funds are positioning accordingly by ramping up their use of leverage as they look to reap gains from outperforming stocks, according to a report by Bloomberg. To read this […]
Digital asset fund outflows at highest level since late December
(Hedgeweek) Digital asset investment products saw outflows totalling $32 million last week, the largest total since late December 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read this article:
Baidu says its alternative to ChatGPT is coming to the public in March
CNBC) Chinese tech giant Baidu said Wednesday its artificial intelligence product Ernie bot is set to open to the public next month. The news comes as Microsoft-backed ChatGPT has skyrocketed in popularity for its ability to converse in a human-like […]
Church of Jesus Christ of Latter-day Saints and Its Investment Company Charged for Disclosure Failures and Misstated Filings
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing to file forms that would have […]
Stock futures inch higher as investors brace for Fed minutes: Live updates
(CNBC) Stock futures rose slightly in overnight trading as Wall Street braced for the Federal Reserve’s latest meeting minutes and more insight on the central bank’s future hiking agenda. Crypto exchange platform Coinbase topped revenue expectations. Futures tied to the […]
Coinbase beats on revenue and earnings, but usage continues to decline
(CNBC) Coinbase reported user numbers that fell short of analysts’ estimates even as fourth-quarter earnings and revenue beat projections. The stock rose more than 2% in extended trading after dropping 4.8% during the day. Here’s how the company did: Earnings: Loss of $2.46 […]
Over 50 hedge funds in Dubai discussions
(Hedgeweek) Over 50 hedge funds are currently in discussion with Dubai’s financial centre over establishing a presence in the Middle East business hub after a number of the sector’s big beasts, including Millennium Management and Exodus Point Capital, opened operations […]
Elliott makes Man Utd finance offer
(Hedgeweek) Elliott Investment Management has ruled itself out of making a formal bid to acquire Manchester United, but is keen to be involved in providing finance for the Red Devils, a move that could allow current owners, Joel and Avram […]
GOP lawmakers vilify ESG moves at BlackRock, Vanguard but take their money nonetheless
(CNBC) Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP […]
