Monthly Archives: March 2024
Nvidia is sued by authors over AI use of copyrighted works
(CNBC) Nvidia whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O’Nan said their works were part of a […]
Equity and crypto hedge fund lead industry gains in February
(Hedgeweek) Hedge funds surged in February, with technology, AI and cryptocurrency exposures leading broad-based gains across all strategies and extending the industry’s four-month return to 8.75%, the strongest seen since the four-month period ending March 2021. To read this article:
Pantera fund to buy discounted SOL from FTX estate
(Hedgeweek) Pantera Capital, a US hedge fund firm focused in investments in cryptocurrencies and digital assets, is looking to raise capital for a new fund that will acquire discounted solana (SOL) tokens from the beleaguered FTX estate, according to a […]
Hedge fund stock-buying hits fastest pace in 11 months
(Hedgeweek) Hedge funds upped their acquisitions of global equities to the fastest pace seen in since March 2023 last month as sentiment towards stock markets across the world — including the US and Japan — turned more bullish, according to […]
Salesforce’s behind-the-scenes co-founder is tackling Slack as software company turns 25
(CNBC) Each year, Salesforce updates its V2MOM, a planning document laying out vision, values, methods, obstacles and measures. CEO Marc Benioff has said it’s “been used to guide every decision at Salesforce” since the software company’s founding 25 years ago […]
Failed Fed bets leave Brevan Howard fund down 3% in February
(Hedgeweek)A failed bet that US interest rates would fall left Brevan Howard’s flagship fund with an estimated 3.2% loss in February, making it one of the worst months since the firm started trading in 2002, according to a report by […]
Florida hedge fund Founder faces jail time for withholding information on missing $533m
(Hedgeweek) The Founder of Camshaft Capital Fund, a small Florida-based hedge fund, faces potential imprisonment for withholding information regarding the whereabouts of $533m allegedly concealed by Indian education-tech startup Think & Learn, according to a report by Bloomberg citing a federal judge. To read […]
S&P 500 futures are little changed as Wall Street braces for February jobs report: Live updates
(CNBC) S&P 500 futures were near the flatline Thursday evening as traders anticipated the release of February’s jobs report. Futures linked to the broad market index slipped by 0.06%, while Dow Jones Industrial Average futures were lower by 33 points, […]
Jobs report Friday is expected to show a slowing but still healthy labor market
(CNBC) Job growth in the U.S. likely decelerated in February while still a long way from stall speed as companies continue to keep up demand for workers. When the Labor Department releases the nonfarm payrolls report Friday at 8:30 a.m. […]
Powell says the Fed is ‘not far’ from the point of cutting interest rates
(CNBC) In remarks to the Senate Banking Committee, the central bank leader didn’t provide a precise timetable of when he sees easing happening, but noted that the day could be coming soon. “We’re waiting to become more confident that inflation […]
Sigma Broking partners with FIA Tech
(Hedgeweek)Global brokerage company Sigma Broking has partnered with futures industry technology provider FIA Tech, enabling Sigma to utilise FIA Tech’s Atlantis settlement platform to support the company’s trade processing. To read this article:
DLA Piper adds hedge fund Counsel to Project & Energy practice
(Hedgeweek) Andrew Westgate has left his role as Associate General Counsel, Carbon – Senior Analyst at Texas-based environmental credit hedge fund Clear Sky Advisers to join DLA Piper as a Partner in the law firm’s project & energy practice in […]
