Monthly Archives: April 2023
Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered final judgments against defendants Trends Investments Inc., Leslie Greyling and Brandon Rossetti, who were previously charged by the SEC with engaging in a scheme to defraud investors in […]
Man Group bucks industry trend with $1.1bn inflows in Q1
(Hedgeweek) Man Group pulled in more than $1 billion in inflows into its funds in the first quarter, amid wider outflows from the hedge fund industry as the sector struggled with surging volatility and fears of a banking crisis. To […]
Coinbase offers a fiery response to the SEC’s threat of enforcement action
(CNBC) Crypto exchange Coinbase offered a fiery response on Thursday to last month’s Wells notice from the Securities and Exchange Commission, telling the federal regulator that an enforcement action against the crypto exchange would pose “major programmatic risks” to the […]
Stock futures fall slightly as investors digest Amazon, Intel earnings
(CNBC) U.S. stock futures fell slightly on Thursday night as investors digested the latest round of corporate earnings, including results from Amazon. Dow Jones Industrial Average futures fell by 24 points, or 0.07%. S&P 500 and Nasdaq 100 futures slipped 0.12% […]
Amazon stock dips as uncertain cloud outlook overshadows revenue beat
(CNBC) Amazon reported better-than-expected revenue on Thursday, but the stock’s initial pop was wiped out after executives raised concerns of ongoing weakness in cloud growth. Here are the key numbers: Earnings: 31 cents per share Revenue: $127.4 billion vs. $124.5 billion […]
Intel reports largest quarterly loss in company history
(CNBC) Intel has reported first-quarter results that showed a staggering 133% annual reduction in earnings per share. Revenue dropped nearly 36% year over year to $11.7 billion. Still, the loss per share and sales were slightly better than soft Wall […]
Hedge fund returns rebound continues in Q1
(Hedgeweek) Hedge funds continued to rebound with even better weighted average returns in the first quarter of this year than Q4 2022, with Multi-Strategy and Equities funds continuing as the top performers, according to a data released by Citco. To […]
Hedge funds down 0.46% in March, says SS&C GlobeOp
(Hedgeweek) Hedge funds lost 0.46% in March according to the gross return of SS&C Technologies’ GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined 0.56% in April. […]
Citadel founder Griffin tops ‘financial titans’ rich list
(Hedgeweek) Ken Griffin, founder of hedge fund Citadel and market making firm Citadel Securities, has been ranked at number one in a new rich list of ‘financial titans’ compiled by Bloomberg, having amassed a personal fortune of $35 billion, making […]
Nasdaq 100 futures rise Wednesday night following Meta’s quarterly results: Live updates
(CNBC) U.S. stock futures ticked higher on Thursday morning. Nasdaq 100 futures gained 0.51%, while S&P 500 futures added 0.22%. Futures linked to the Dow Jones Industrial Average advanced by 29 points, or 0.09%. Meta shares leapt in after-hours trading […]
Chinese retailers helped lift Meta’s first-quarter sales in a tough online advertising market
(CNBC) Meta can thank Chinese retailers for helping lift the company’s first-quarter sales after three consecutive quarters of revenue declines. As chief financial officer Susan Li told analysts during the earnings call, the social networking giant “saw acceleration among advertisers […]
First Republic’s dramatic slide continues, stock falls nearly 30% as bank looks for rescue deal
(CNBC) First Republic’s stock sank again on Wednesday as investors kept an eye on a potential rescue deal for the troubled regional bank. The bank’s shares dropped more than 29% on Wednesday, extending losses of nearly 50% on Tuesday. The […]
