Monthly Archives: February 2023

SEC Charges Former CEO of Slync in $67 Million Offering Fraud

(HedgeCo.Net) Defendant Kirchner allegedly misappropriated more than $28 Million of Investor Proceeds to Fund His Lavish Lifestyle. The Securities and Exchange Commission has charged Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, […]

Stock futures slip on Tuesday night as investors process inflation data: Live updates

(CNBC) U.S. stock futures slipped on Tuesday night following the release of January’s hotter-than-anticipated consumer price index. Dow Jones Industrial Average futures declined by 60 points or 0.18%. S&P 500 and Nasdaq 100 futures fell by 0.24% and 0.28%, respectively.  […]

Digital assets funds see minor outflows

(Hedgeweek) Digital asset investment products saw minor outflows totalling $7 million last week following a week of macro data that significantly beat expectations to the upside, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read […]

SEC to up scrutiny of hedge funds’ crypto custodians

(Hedgeweek) A draft proposal from US regulator the Securities and Exchange Commission (SEC), would make it more difficult for crypto firms to operate as “qualified custodians” for hedge funds private equity firms and other institutional investors, according to a report […]

Element to relax redemption rules following $1bn monthly loss

(Hedgeweek) Element Capital, one of the world’s biggest macro hedge funds, is responding to a recent string of poor returns, including a $1 billion loss during last month’s stock market rally, by reducing its $12 billion asset base in a […]

Pension plans cut hedge fund assets in 2022

(Hedgeweek) US pension plans’ aggregate hedge fund assets were lower as of the end of September 2022 than they were in the previous year earlier, in part due to difficult market conditions, but also because some funds cut their allocations […]

Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking–and Pay $30 Million to Settle SEC Charges

(HedgeCo.Net) The Securities and Exchange Commission has charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to […]

Inflation report due Tuesday has the potential to deliver some bad news

(CNBC) Just as Federal Reserve officials have grown optimistic that inflation is cooling, news could come countering that narrative. All market eyes Tuesday will be on the release of the Labor Department’s consumer price index, a widely followed inflation gauge […]

Stock futures inch lower as investors prepare for latest inflation data: Live updates

(CNBC) Stock futures ticked lower Tuesday morning as investors looked ahead to key inflation data. Futures tied to the Dow Jones Industrial Average slipped 25 points, or 0.07%. Meanwhile, S&P 500 futures dropped marginally, and Nasdaq-100 futures declined 0.12% To […]

Pershing Square down 9% in 2022 despite $2.7bn rate trade win

(Hedgeweek) Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, finished 2022 with a 9% loss despite raking in some $2.7 billion from winning interest rate bets over the course of the year, according to a report […]

Credit Suisse spin-out Qube to make big cash allocation to external managers

(Hedgeweek) Qube Research & Technologies, a hedge fund that was spun out of Credit Suisse Group in 2018, is planing to boost its multi-strategy investment business by allocating hundreds of millions of dollars to external money managers, according to a […]

Ford to move forward with $3.5 billion EV battery plant with Chinese company

(CNBC) DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between […]