Monthly Archives: April 2023
More than 60 firms now managing $10bn+ in hedge fund assets
(Hedgeweek) US-based multi-strategy managers dominate a new ranking of 64 investment firms managing $10 billion or more in hedge fund assets. To read this article:
Jamie Dimon issues warning on rates: ‘It will undress problems in the economy’
(CNBC) Investors and businesses should plan for interest rates to remain higher for longer than currently expected by the market, according to JPMorgan Chase CEO Jamie Dimon. The world saw what happened last month when higher rates and a sudden […]
Yellen says U.S. banks may tighten lending and negate need for more Fed rate hikes
(CNBC) U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said that […]
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC’s complaint, […]
Stock futures inch lower as investors ready for corporate earnings season: Live updates
(CNBC) Stock futures are slightly lower early Friday morning as investors looked to the start of corporate earnings season while considering what the latest inflation data implies about the economy. Futures tied to the Dow Industrial Average lost 72 points, […]
JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
(CNBC) JPMorgan, the biggest U.S. bank by assets, will be watched closely for clues on how the industry fared after the collapse of two regional lenders last month. Analysts expect a mixed bag of conflicting trends. For instance, JPMorgan likely […]
Light Street scores double-digit Q1 returns following ’22 tumble
(Hedgeweek) Light Street Capital Management has generated double-digit gains in the first quarter of 2023, having earlier suffered a 54% annual loss in 2022, according to a report by Bloomberg. To read this article:
Hedge funds gain in March, but industry trails stock market
(Hedgeweek) Hedge funds returned to positive territory in March, advancing 0.34% for the month, but the industry is lagging the broader stock market, which gained 3.67%, according to data published by Backstop BarclayHedge. To read this article:
Walmart sells Bonobos to WHP Global and Express in $75 million deal
(CNBC) Walmart has sold menswear brand Bonobos to brand management firm WHP Global and Express in a $75 million deal announced Thursday. It’s the second time this year Walmart has offloaded a direct to consumer brand that it bought under […]
Third Point’s Dan Loeb mulls taking SiriusPoint private
(Hedgeweek) Daniel Loeb, founder and CEO of event driven hedge fund Third Point, is considering taking SiriusPoint private – less than three years after he agreed to combine his hedge fund’s reinsurance business, Third Point Re, with rival Sirius International Insurance […]
Bronte Capital takes new long position in UBS following turmoil
(Hedgeweek) Bronte Capital’s Amalthea hedge fund has taken long bets in UBS and First Citizen, both of which it believes have picked up good assets for a good price as a result of the Credit Suisse and Silicon Valley Bank […]
Dow futures are little changed as investors mull over recession risk: Live updates
(CNBC) Futures tied to the Dow Jones Industrial Average were little changed early Thursday morning, as investors weighed recession risk following the latest meeting minutes from the Federal Reserve. Dow futures were 6 points lower, or 0.02%, while futures linked […]
