Monthly Archives: September 2023
Apple, Google, Nvidia and other tech giants are considering buying Arm shares
(CNBC) Chip design firm Arm said in a Tuesday filing that Apple, Google parent Alphabet, Nvidia and other technology companies are interested in buying up to $735 million in its shares as it seeks to go public on Nasdaq. The […]
Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
(CNBC) Qualcomm’s tech is inside nearly all our smartphones. It pioneered the ability to connect wirelessly in the ’80s, all the way to the 5G modems of today — making licensing fees for every device that communicates using its patented […]
CFTC Orders Goldman Sachs to Pay $5.5 Million for Recordkeeping Violations and Violating a Prior Commission Order
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Goldman Sachs & Co. The order finds Goldman violated the cease-and-desist provision of a prior order and committed recordkeeping violations in connection with its […]
U.S. stock futures open mixed Monday night
(CNBC) Stock futures are mixed Monday night as the market looks to maintain momentum in the holiday-shortened week. Futures tied to the Dow Jones Industrial Average lost 37 points, or 0.11%. S&P 500 futures were lower by 2.25 points, or […]
Bumpy markets increase investor interest in hedge funds, says Goldman’s Springate
(Hedgeweek) The prospect of markets remaining bumpy and interest rates at elevated levels for longer than expected, has spiked investor interest in hedge funds, according to a report by MarketWatch, citing Jack Springate, co-head of the hedge-fund business within the […]
AIMA, MFA et al sue SEC over Private Funds Advisor Rules
(Hedgeweek) The Alternative Investment Management Association (AIMA), and Managed Funds Association MFA, along with four other industry bodies, have filed a law suit challenging the adoption of the new Private Funds Advisor Rules by the US Securities & Exchange Commission […]
Hedge funds turn bearish as US stock market stalls in August
(Hedgeweek) August has a reputation as being something of a tough month for equities markets when lower trading volumes as traders and investors go on holiday. Long-short hedge fund managers were seemingly ahead of the game having unwound bearish bets […]
Hedge funds cut short positions on US regional banks
(Hedgeweek) Hedge funds have cut their short wagers against US regional banks and a have now adopted a more bullish stance on the US financial sectors on the whole, just as banking stocks have begun to rise, according to a […]
Morgan Stanley says China is ‘overinvested,’ but India’s the opposite
(CNBC) China is overinvested as its economy continues to get buffeted — but India has room for investment opportunities, said Morgan Stanley. “China is overinvested. It’s overleveraged and it’s oversupplied. And then it has this geopolitical cloud over it,” said […]
Accountant Charged for Aiding and Abetting a $110 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission files charges against William V. Conn, Jr., a certified public accountant of Sandy Springs, Georgia, for participating in a Ponzi scheme perpetrated by John Woods using an investment fund Woods created and controlled, Horizon […]
Endowment fund returns decline in 2022
(Opalesque) 2022 was a tough year for endowed funds, according to new data from Commonfund. Commonfund surveyed 277 foundations and found that investment returns declined across the board in 2022. To read this article:
Ex-Citadel traders’ hedge fund slumps 25% after strong start
(Hedgeweek) FIFTHDELTA, a long-short hedge fund founder by former Citadel traders Niall O’Keeffe and Tio Charbaghi, which was one of Europe’s biggest hedge fund launches in 2021, has seen YTD losses hit 25% after a 13% fall in July, according […]