Monthly Archives: April 2023
Brevan Howard’s Bathwal prospered in March as flagship fund faltered
(Hedgeweek) Minal Bathwal was a stand-out performer at Brevan Howard in March, making money as market turmoil saw the macro trading firm’s flagship fund rack up its largest monthly loss since 2003, according to a report by Bloomberg. To read […]
Hedge funds up bets against Canada’s TD Bank
(Hedgeweek) Hedge funds have increased their bets against TD Bank Group with short positions against the Canadian lender rising by 45% over the past two weeks to reach $6.1 billion on Wednesday, according to a report by Reuters. To read […]
Millennium and DE Shaw on India tech recruitment drive
(Hedgeweek) Hedge fund majors Millennium Management and DE Shaw are both actively hiring technologists in India with a focus on data scientists and data engineers as they ramp up operations in the country, according to a report by ET CIO. […]
Bridgewater’s Dalio to open family office branch in Abu Dhabi
(Hedgeweek) Ray Dalio, founder of hedge fund giant Bridgewater Associates, is to open a branch of his family office in Abu Dhabi as part of the wider expansion of his operations in the Middle East, and the United Arab Emirates […]
Apple bets big on India, but will still rely on China for ‘years’ to come
(CNBC) For years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India. Still, analysts told CNBC the iPhone-maker’s dependency […]
Tesla net income and earnings drop more than 20% from last year
(CNBC) Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Tesla specified in a shareholder deck that “underutilization of new factories” stressed margins, along with higher raw material, commodity, logistics […]
IBM earnings top estimates as margins expand
(CNBC) IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported disappointing revenue. IBM’s revenue increased 0.4% from a year earlier in the quarter, according to a statement. Net income rose 26% to $927 million, […]
Meta has started its latest round of layoffs, focusing on technical employees
(CNBC) As part of Meta’s latest round of job cuts announced in March, the company on Wednesday started laying off employees in technical roles. Employees with technical backgrounds like user experience, software engineering, graphics programming and other roles announced on […]
ESPN to begin layoffs early next week as part of Disney cost cuts, sources say
(CNBC) ESPN will begin layoffs early next week as part of parent company Disney’s cost cutting efforts, according to people familiar with the matter. Cuts will include some on-air talent and management, said the people, who asked not to be […]
Investment Adviser Betterment to Pay $9-Million for Misstatements Concerning Tax Loss Harvesting Service
(HedgeCo.Net) The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to contracts, and failing to […]
Stock futures inch downward as investors digest the latest round of earnings: Live updates
(CNBC) Stock futures ticked downward Tuesday night as traders weighed the latest round of earnings. Futures tied to the Dow Jones Industrial Average lost 47 points, or 0.1%, while S&P 500 futures slipped 0.1%. Nasdaq 100 futures dropped 0.1%. The […]
Netflix delays password-sharing crackdown rollout, posts mixed results
(CNBC) Netflix on Tuesday posted mixed financial results and said it was pushing back its broad rollout of its password-sharing crackdown. Originally, Netflix wanted the rollout to take place late in the first quarter, but on Tuesday it said it […]
