Monthly Archives: August 2023
AIMA welcomes SEC’s Private Fund Adviser Rule revisions, despite ongoing concerns
(Hedgeweek) AIMA has broadly welcomed the revised Private Funds Adviser rules and amendments adopted by the US Securities and Exchange Commission (SEC) this week, but has expressed ongoing concerns about some of the changes in the final text. To read […]
SEC Enhances the Regulation of Private Fund Advisers
(HedgeCo.Net) The Securities and Exchange Commission has adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are designed […]
31% of investors are OK with using artificial intelligence as their advisor
(CNBC) Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said. Specifically, 31% of investors queried would be comfortable […]
Powell’s pivotal speech Friday could see a marked shift from what he’s done in the past
(CNBC) In this year’s iteration, many expect the central bank leader to change his stance so that he hits the ball pretty much down the middle. With inflation decelerating and the economy still on solid ground, Powell may feel less […]
Stock futures are little changed as investors await Powell’s Jackson Hole speech: Live updates
(CNBC) U.S. stock futures were flat Thursday night as Wall Street looked toward Federal Reserve Chairman Jerome Powell’s Jackson Hole speech on Friday morning. Futures tied to the Dow Jones Industrial Average ticked up 34 points, or 0.1%. S&P 500 […]
Nvidia earnings scare away AMD, Intel investors as legacy chipmakers lose ground in AI
(CNBC) Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose […]
Hedge funds meeting or exceeding investor expectations, says Preqin
(Hedgeweek) Some 60% of investors feel that hedge fund investments either met or exceeded their expectations in the past 12 months, up from 53% in 2022, according to new research carried out by Preqin for its Investor Outlook: Alternative Assets, […]
Former Odey AM boss severs family business ties
(Hedgeweek) Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg. […]
Attorney at U.S.-Based Global Law Firm Charged with Insider Trading
(HedgeCo. Net) The Securities and Exchange Commission has filed insider trading charges against Romero Cabral da Costa Neto for trading based on material, nonpublic information concerning a client of the global law firm where he worked as a visiting attorney […]
Stock futures climb as Nvidia beats Wall Street earnings estimates: Live updates
(CNBC) Stock futures ticked higher on Wednesday, with investors focusing on key second-quarter results from chipmaker Nvidia to gauge whether the AI excitement is more than just hype. S&P 500 futures climbed 0.5% while Nasdaq 100 futures gained 0.7%. Futures […]
Nvidia’s blowout earnings report shows chipmaker is gobbling up all the profit in AI
(CNBC) Nvidia’s overall sales grew 171% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it selling a bunch of AI chips, but they’re more profitable, […]
Nike falls for record 10th straight day as Foot Locker woes, China slowdown hit stock
(CNBC) Nike’s stock tumbled Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back from the footwear sector. The sneaker giant’s shares closed about 2.7% lower. The 10-day losing […]
