Monthly Archives: April 2023
Amazon lays off employees in its advertising unit
(CNBC) Amazon on Tuesday began laying off some employees in its advertising as part of CEO Andy Jassy’s effort to rein in costs, the company confirmed. Paul Kotas, Amazon’s senior vice president of advertising, IMDb and Grand Challenge, sent a […]
Bitcoin bullishness continues
(Hedgeweek) Digital asset investment products saw inflows totalling $114 million last week, the forth consecutive week of positive flows as sentiment for the asset class continues to improve, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. […]
Chinese quant scotches AI stock trading rumours
(Hedgeweek) Chinese quantitative hedge fund manager High-Flyer Quant has scotched rumours it is intending to sack its fund managers and replace them with an artificial general intelligence-based (AGI) stock trading system, according to a report by Yicai Global. To read […]
Crypto Asset Trading Platform Bittrex and its Former CEO Charged for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex, Inc.’s foreign […]
Stock futures are lower Tuesday as traders digest latest earnings results
(CNBC) U.S. stock futures were lower on Tuesday morning after the major averages rose to kick off a stacked week of corporate earnings. Dow Jones Industrial Average futures were down 13 points, or 0.04% lower, while S&P 500 futures were […]
Goldman Sachs is set to report first-quarter earnings — here’s what the Street expects
(CNBC) Heading into the quarter, analysts wondered whether turmoil during March — in which two American banks failed and a global investment bank was forced to merge with a longtime rival — would provide a good or bad backdrop to […]
Hedge funds turn positive on US dollar
(Hedgeweek) Hedge funds are betting the US dollar’s recent stretch of weekly declines – the longest in almost three years – is set to reverse, as investors ramped up pricing for Federal Reserve rate cuts, according to a report by […]
Crispin Odey cuts short position in Metro Bank
(Hedgeweek) High-profile hedge fund manager Crispin Odey has halved his bearish position in Metro Bank since December, but remains the lender’s largest short-seller. To read this article:
The use (and uses) of AI in asset management, present and future
(Hedgeweek) The ability of an AI to digest vast amounts of data very quickly makes it in many ways vastly superior to any human trader. Additionally, it should be possible for an asset manager with access to such an “AI […]
Florida Man and His Two Entities Ordered to Pay $16 Million for Fraud, Misappropriation, and False Statements to the CFTC
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Southern District of Florida entered a consent order against Damian Castilla and an order for final judgment against DCAST Capital Investments LLC and Five Traders LLC […]
Stock futures climb as Wall Street awaits more big bank earnings: Live updates
(CNBC) Wall Street futures ticked higher on Sunday, with investors eying the health of corporate America ahead of a crucial earnings week. Futures tied to the S&P 500 gained 0.2%, or 7 points, while Nasdaq-100 futures added 0.1%. Dow Jones […]
BlackRock’s assets rise but income slides as hedge fund fees tumble
((Hedgeweek) BlackRock’s assets under management increased to $9.1 trillion during Q1, but net income fell 19% over the past year, as the fund management giant saw hedge fund fees tumble sharply amid squeezed margins and subdued markets, according to a report […]
