Monthly Archives: September 2023
China’s exports drop by 8.8% in August as trade slump persists
(CNBC) China reported Thursday another monthly decline in imports and exports, albeit less steep than expected. Exports in U.S. dollar terms fell by 8.8% in August from a year ago. That’s better than the 9.2% drop forecast by a Reuters […]
Apple and Arm sign deal for chip technology that goes beyond 2040
(CNBC) The news indicates that Apple has secured access to a core piece of intellectual property, the Arm architecture, used in its iPhone and Mac chips, for the foreseeable future. Arm, owned by SoftBank, is set to debut on the […]
Apple buying Disney would be a storybook ending for Iger, but fairy tales aren’t real
(CNBC) Apple almost never buys name-brand companies. Its largest takeover was 2014?s $3 billion deal for Beats Electronics. Apple is strict about its culture and its focus. While Microsoft has acquired its way to increased scale — buying Activision Blizzard […]
Interest rate rises up hedge fund performance pressure
(Hedgeweek) The dramatic increase in global interest rates over the past 18 months has prompted hedge fund investors to warn managers that they face an increased risk of redemptions and pressure to cut fees unless they can improve their performance, […]
Private Equity Firm Prime Group Charged for Inadequate Disclosure of Fees
NY-based company to pay $20.5 million to settle charges. (HedgeCo.Net) The Securities and Exchange Commission has charged Prime Group Holdings LLC, a private equity firm focused on alternative real estate asset classes, for failing to adequately disclose millions of dollars […]
Despite a wider slowdown HNWIs ‘remain convinced’ by alternative investments
(Opalesque) High-net-worth investors “remain absolutely convinced” by alternative investments, including venture capital, cryptocurrencies, structured products, and hedge funds – despite a wider slowdown of inflows into the sector. To read this article:
Man Numeric targeting fully digital bond trading by 2025
(Hedgeweek) Man Numeric, the quant investment arm of Man Group, the world’s largest listed hedge fund manager, is aiming to execute 100% of its high-yield and investment-grade bond trades via digital platforms within two years, according to a report by […]
Five Advisory Firms Charged for Custody Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against five investment advisers for failing to comply with requirements related to the safekeeping of client assets. Three of the firms were also charged with failing to timely update SEC disclosures […]
S&P 500 futures are little changed as investors come off losing session: Live updates
(CNBC) S&P 500 futures are near flat Tuesday night as Wall Street looked beyond the losing session that marked the start of the holiday-shortened trading week. Futures tied to the broad index and Dow Jones Industrial Average were little changed. […]
Hedge fund boss Cohen’s VC firm leads GenTwo Series A round
(Hedgeweek) GenTwo, a Swiss-based B2B Fintech platform specialised in securitisation of bankable and non-bankable assets, has raised $15m in a Series A led by US-based Point72 Ventures, the VC associate of Steve Cohen’s hedge fund firm Point72 Asset Management. To […]
Hedge funds turn bullish on crude as US stocks fall
(Hedgeweek) A fall in US inventories of crude oil prompted hedge funds and other money managers to purchase the equivalent of 19 million barrels in the NYMEX and ICE US crude (WTI) futures and options contracts over the seven days […]
Chip design firm Arm seeks up to $52 billion valuation in blockbuster U.S. IPO
(CNBC) Chip design firm Arm on Tuesday said it is looking to fetch as much as $4.87 billion in its upcoming blockbuster initial public offering on the Nasdaq stock exchange in New York, according to a fresh filing. The deal […]