Monthly Archives: September 2023
Inflows to Tiger Cub funds slow as poor performance bites
(Hedgeweek) Flows of new investor cash into funds managed by several Tiger Cubs – one-time protégés of Tiger Management founder Julian Robertson – have slowed dramatically after they posted some of their worst returns on record, according to a report […]
Stock futures are little changed ahead of August payrolls report: Live updates
(CNBC) Stock futures were near the flat line Thursday night as investors came off a mixed trading session and closed out a month that saw losses for all three stock indexes. Futures tied to the Dow Jones Industrial Average added […]
Hedge fund veteran favoured as new GAM chief executive
(Hedgeweek) NewGAMe, the activist investment group closing in on a takeover of Swiss asset manager GAM, has named hedge fund veteran Randel Freeman as its preferred candidate for the role of chief executive, according to a report by Financial News. […]
Barclays Agrees to a $361 Million Settlement to Resolve SEC Charges Relating to Over-Issuances of Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged Barclays PLC and Barclays Bank PLC (BBPLC) in connection with the unregistered offer and sale of an unprecedented amount of securities due to a failure to implement any internal control to track […]
Apple downgrade sparks tech sell-off, sending Alphabet and Microsoft to one-year lows
(CNBC) Shares of large technology companies suffered heavy losses on Thursday, dragging down many other U.S. stocks along with them, after analysts at Bank of America lowered Apple’s stock rating. Tech stocks have been pushed down all year as investors […]
Two former eBay executives sentenced to prison for involvement in cyberstalking scheme
(CNBC) James Baugh, eBay’s former senior director of safety and security, was sentenced to almost five years in prison, while eBay’s former director of global resiliency, David Harville, was given two years behind bars. Both pleaded guilty to charges in the […]
Stock futures are up slightly following Thursday’s broad sell-off
(CNBC) Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq […]
Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
(CNBC) Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes. “We should continue on the path that we’re on to ensure that […]
Hedge fund Cirera Capital to close after boss opts to join ExodusPoint
(Hedgeweek) Hedge Fund Cirera Capital is liquidating with co-founder Ahmet Arinc, the former head of forex at Deutsche Bank, set to join multi-strategy firm ExodusPoint Capital Management, according to a report by Bloomberg. To read this article:
Multi-strategy hedge funds continue to attract net allocations
(Hedgeweek) Multi-strategy hedge funds were again the capital raising winners in August bringing in a net +$2.75 billion, and taking year to date inflows to +$18.37 billion, according to a report by AlphaWeek. To read this article:
16 Wall Street Firms Charged with Widespread Recordkeeping Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set […]
Stock market losses wipe out $9 trillion from Americans’ wealth
(CNBC) Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the […]