Monthly Archives: September 2022
SoftBank to cut at least 20% of Vision Fund staff
(Reuters) SoftBank Group Corp (9984.T) plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after Chief Executive Masayoshi Son pledged to cut costs after a record $50 billion loss at the […]
Advisory Firm and Executives Charged with Elaborate Scheme to Defraud Clients out of More Than $75 Million
(HedgeCo.Net) The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions […]
Stock futures rise after major averages post third straight week of losses
(CNBC) Stock futures rose in overnight trading Monday after the major averages capped their third straight week of losses. Futures tied to the Dow Jones Industrial Average gained 158 points, or 0.5%. Nasdaq 100 futures rose 0.53% and S&P 500 […]
Hedge funds pile in on Berkshire Hathaway
(Hedgeweek) Hedge funds including Renaissance Technologies, DE Shaw, and Bridgewater bought stock in Berkshire Hathaway worth more than $900 million in the second quarter of the year, according to a report by The Financial Times. To read this article:
Hedge funds up bearish bets on US Treasuries
(Hedgeweek) Hedge funds are continuing to up their bearish bets on higher US bond yields and signs are emerging that the size and pace of this collective wager is reaching extreme levels according to a report by Reuters. To read […]
A decade-long quest to build a better fee structure
(Opalesque) Thom Young has spent the better part of the past 13 years trying to better align the financial interests of investment managers and asset owners. The former hedge fund manager and consultant is now president at FARCapital, which helps […]
Archer Capital Management Group, the Archer Growth Fund and Related Entities Charged with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Archer Capital Management Group, the Archer Growth Fund, and two related entities, HDR Management LLC and Silvermoon Group LLC, with operating a fraudulent scheme from December 2019 through December 2020 that raised […]
Critical August jobs report expected to run hot and that could lead to a more aggressive Fed
(CNBC) Job growth in August likely slowed from July’s frenzied pace, but it is still expected to have been quite strong, with broad-based hiring across many sectors. Monthly jobs data is always important, but the August report, released at 8:30 […]
Matt Damon-endorsed crypto platform sues Australian woman after accidentally sending her $7.1 million instead of $68
(CNBC) It took seven months for the Matt Damon-endorsed Crypto.com to realize that it accidentally sent AU$10.5 million dollars (about $7.1 million at today’s exchange rate) to a woman in Australia, instead of the 100 Australian dollar refund she requested. […]
Preqin data suggests stock-picking hedge funds are poised for worst performance in a decade
(Hedgeweek) New data from Preqin suggests that stock-picking hedge funds are set to record their worst performance in 10 years, according to a report by Reuters, with cumulative returns having dropped 12.24% in the 12 months ending 31 July. To […]
Investors look to Absolute Return for diversification
(Hedgeweek) Over seven in ten investors (72%) say they are inclined to consider Absolute Return funds as part of their overall asset allocation, given the market conditions observed so far in 2022 and the increased correlation between the traditional asset […]
Citadel Securities expands presence in Japan with new Tokyo office
(Hedgeweek) Citadel Securities the market-making firm set up by hedge fund boss Ken Griffin, is to launch its fixed income offering in Japan following the opening of a new office in Tokyo, according to a report by SWFI. To read […]