Monthly Archives: September 2023
Instacart’s 11% plunge on second day of trading wipes out almost all of its IPO gains
(CNBC) Instacart shares slumped nearly 11% in their second day of trading Wednesday, continuing a slide that began immediately after the stock hit the Nasdaq on Tuesday, and leaving it narrowly above its initial public offering price. To read this […]
Digital asset funds see $455m outflows in nine weeks
(Hedgeweek) Digital asset investment products saw outflows totalling $54m last week, and have now seen outflows in eight of the last nine weeks totalling $455m, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this […]
New York Firm Charged with Acting as Unregistered Investment Advisers to Former Russian Billionaire
Firm and Owner’s failures to register prevented oversight of more than $7 billion in assets ((HedgeCo.Net) The Securities and Exchange Commission has filed charges against Concord Management LLC of Tarrytown, New York, and its owner and principal, Michael Matlin, for […]
Dalio still making presence felt at Bridgewater
(Hedgeweek) It may be almost a year since Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, ‘retired’ and stepped away from the day-to-day running of the business, but his presence still looms large over the firm, […]
FTX accuses Sam Bankman-Fried’s mother of being key advisor to son on political contributions
(CNBC) The mother of former cryptocurrency king Sam Bankman-Fried is being accused in a new lawsuit of acting as a key advisor to her son and his allies for political campaign contributions that later led to criminal charges against him […]
Stock futures are little changed ahead of Fed rate decision: Live updates
(CNBC) Stock futures were calm on Tuesday evening as Wall Street geared up for the latest interest rate decision and economic update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average were flat. S&P 500 futures and […]
Here’s everything the Fed is expected to do Wednesday
(CNBC) As often has been the case, this week’s Federal Reserve meeting will be less about what policymakers are doing now than what they expect to be doing in the future. In the now, there’s virtually no chance the U.S. […]
Griffin has doubts over longevity of US stock market rally
(Hedgeweek) Ken Griffin, founder of CDEO of US multi-strategy major Citadel, has expressed doubts over the longevity of the recent stock market rally and has also said he is concerned about the country’s current fiscal situation, according to a report […]
Lyft Hit with $10m Penalty For Failing to Disclose Board Member’s Financial Interest in Private Shareholder’s Stock Transaction
(HedgeCo.Net) The Securities and Exchange Commission has charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public […]
Big five hedge funds have doubled US stock market footprint since 2014, says Goldman
(Hedgeweek) A Goldman Sachs client note has revealed that the world’s five largest hedge fund firms, have doubled the size of their holdings in US stocks through leverage and trading positions since 2014, according to a report by Reuters. To […]
CEO of Block’s Square business Alyssa Henry to leave company
(CNBC) The CEO of Square, a unit of fintech company Block will leave the company, according to a regulatory filing on Monday. Alyssa Henry will leave on Oct. 2 after more than nine years with the company, the filing said. […]
Stock futures are little changed ahead of Fed policy meeting: Live updates
(CNBC) Stock futures were flat in overnight trading Monday as Wall Street readied for the start of the Federal Reserve’s two-day September policy meeting. Futures tied to the Dow Jones Industrial Average added 16 points, or 0.04%, while S&P 500 […]