Monthly Archives: March 2023

Hedge Fund Trader and Broker-Dealer Charged in Multi-Million Dollar SPAC Insider Trading Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of […]

Stock futures are flat Thursday evening: Live updates

(CNBC) U.S. stock futures were flat on Thursday night. Dow Jones Industrial Average futures added 14 points, or 0.04%. S&P 500 futures rose 0.09%, while Nasdaq 100 futures gained 0.05%. To read this article:

Sam Bankman-Fried pleads not guilty to latest round of federal fraud, bribery charges

(CNBC) Sam Bankman-Fried pleaded not guilty in New York federal court Thursday to five additional charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. Bankman-Fried’s attorney, Mark Cohen, said he plans to file […]

Citadel’s Tokyo office to reopen this year

(Hedgeweek) Citadel, the hedge fund firm founded by Ken Griffin, is to make a ‘comeback’ in Japan with plans to reopen its Tokyo office later this year, almost 15 years after closing operations there during the global financial crisis, according […]

Marathon up $30m on well-timed Credit Suisse bet

(Hedgeweek) New York–based hedge fund Marathon Asset Management made a profit of around $30 million in just a few days, after a well-timed bet on Credit Suisse Group AG bonds paid off, according to a report by Bloomberg. To read […]

Hedge fund in line for $768m profit from Toshiba deal

(Hedgeweek) Effissimo Capital Management, a Singapore-based activist hedge fund, could be in line to make a profit of around $768 million from Toshiba Corp’s buyout by a consortium led by domestic private equity firm Japan Industrial Partners, according to a […]

Jobless claims edge up to 198,000, higher than expected

(CNBC) Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market. Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period and a bit higher than […]

Stock futures are little changed as investors come off winning day: Live updates

(CNBC) Stock futures were little changed Wednesday night. Futures tied to the Dow Jones Industrial Average lost 14 points, trading near flat. S&P 500 futures and Nasdaq-100 futures were also near their flatlines. The moves come amid a hectic week […]

Standard General sues FCC over Tegna deal delay

(Hedgeweek) Standard General is suing the US Federal Communications Commission (FCC) over its decision to hold hearings into the hedge fund’s planned $5.4 billion acquisition of TV station operator Tegna, according to a report by Reuters. To read this article:

Mass Ave Global closes China-focused hedge funds

(Hedgeweek)New York-based hedge fund firm Mass Ave Global, has written to investors informing them that it has decided to liquidate its China and Asia-focused funds and close its office in Hong Kong, according to a report by Reuters. To read […]

Data accuracy is key challenge ahead of T+1, says new study

(Hedgeweek) Extracting accurate data is one of the biggest reconciliation challenges buy-side investment managers face just over a year out from T+1 for US equities, according to new research from Gresham Technologies, in association with WBR Insights. To read this […]

ChatGPT and A.I. might have a future as your portfolio manager, study suggests

(CNBC) The proliferation of artificial intelligence programs such as ChatGPT and Alphabet’s BardAI has already made big waves in financial markets, and a new study suggests that one day those programs may be able to trade in those markets all […]