Monthly Archives: April 2024
IDW Group Founder says hedge fund talent want more than money
(Hedgeweek) Rising stars in the hedge fund industry are now considering factors beyond financial compensation as they strategise their career paths, according to Ilana Weinstein, Founder and CEO of the IDW Group, which calls itself a “leading boutique for hedge […]
Stock futures are little changed as investors await March inflation data: Live updates
(CNBC) Stock futures were little changed on Monday, as investors looked ahead for forthcoming inflation data. Futures tied to the S&P 500 hovered near the flatline. Nasdaq 100 futures advanced nearly 0.1%, while Dow Jones Industrial Average futures gained 16 […]
Activist hedge fund Bluebell challenges BlackRock’s leadership
(Hedgeweek) London-based activist hedge fund Bluebell Capital Partners has set its sights on BlackRock, the world’s largest asset manager, with a proposal to oust Larry Fink, the company’s Founder, from his position as Chairman, according to a report by the Wall Street […]
U.S. to award Samsung up to $6.6 billion chip subsidy for Texas expansion: Reuters
(CNBC) The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The subsidy, which will be will go […]
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
(CNBC) In his annual letter to shareholders released Monday, Jamie Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets — ahead of geopolitical risks, recent acquisitions and regulatory matters. “While […]
Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
(CNBC) Spirit Airlines will defer deliveries of new Airbus planes and that it plans to furlough about 260 pilots as it tries to boost liquidity. “Of course, these steps aren’t ones we want to take but they’re necessary to ensure […]
Hedge funds up long wagers on Swiss franc
(Hedgeweek) The Swiss franc is beginning to attract long interest from hedge funds after weeks of wagers against the currency, according to a report by Bloomberg citing the latest data from the Commodity Futures Trading Commission. To read this article:
Stock futures rise slightly in overnight trading following the market’s losing week: Live updates
(CNBC) Stock futures rose slightly in overnight trading Sunday after the market suffered a down week as 2024?s rally took a breather. Futures on the Dow Jones Industrial Average climbed 55 points. S&P 500 futures and Nasdaq 100 futures both […]
Macro hedge funds surge in March, post strongest quarter in over 20 years
(Opalesque) Hedge funds extended the 1Q surge through March, led by Macro strategies, which posted its best month since March 2022 and its strongest quarter in over 20 years. Industry-wide gains were driven by trend-following CTAs, Energy, Multi-Strategy, Healthcare, and […]
Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024
(CNBC) The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year. Ripple’s Brad Garlinghouse says he expects the entire value of the crypto market to double, citing macro factors including […]
Hedge funds ramp up short bitcoin bets as rally stalls
(CNBC) Hedge fund and commodity trading advisors have ramped up their bearish bets on bitcoin futures to record levels, according to a report citing the latest data from the Commodity Futures Trading Commission (CFTC). To read this article:
Stock-picking hedge funds see first net inflows in two years in February
(Hedgeweek) Stock-picking hedge funds are finding favour with investors again for the first time in two years with equity long-short hedge funds, seeing $1.5bn in net inflows in February — the first positive inflows in 24 months — according to […]
