Monthly Archives: October 2023
SolarWinds and Chief Information Security Officer Charged with Fraud, Internal Control Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. The […]
Treasury to borrow $776 billion in the final three months of the year
(CNBC) In a closely watched announcement Monday afternoon, the U.S. Department of the Treasury said it will be looking to borrow $776 billion, which is below the $1.01 trillion in privately held marketable debt the department borrowed in the July-through-September […]
Stock futures fall after major averages rebound to start the week: Live updates
(CNBC) U.S. stock futures edged lower on Tuesday after the major averages climbed in a relief rally. S&P 500 futures ticked down by 0.38%, and Nasdaq 100 futures fell by 0.58%. Futures tied to the Dow Jones Industrial Average dipped […]
Samsung expects memory chip demand to improve, as operating profit beats expectations
(CNBC) South Korea’s Samsung Electronics reported Tuesday quarterly operating profit that was better than expected despite dropping 77.6% from a year ago. While it was a decline year-on-year, third quarter operating profit jumped 262.6% from the second quarter, signaling that […]
Apple announces new M3 chips and cuts the price of the entry-level MacBook Pro
(CNBC) Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on Monday. Ahead of the all-important holiday shopping season, the new chips will refresh Apple’s Mac lineup, which saw sales […]
Hedge funds sound alarm over FX prime brokerage consolidation
(Hedgeweek) Consolidation among sell-side providers of FX prime brokerage (FX PB) is causing increasing concern among hedge funds as they face the risk of reduced access to liquidity and operational disruption from moving to a new provider, a new report […]
Digital assets fund outflows hit highest level since July 2022
(Hedgeweek)Digital asset investment products saw inflows of $326m last week, which represents the largest single week of inflows since July 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read this article:
Och ends Sculptor feud by backing improved Rithm bid
(Hedgeweek) Daniel Och has ended his long-running feud with Sculptor Capital Management by agreeing to back a sweetened bid for the hedge fund he founded from real estate investment firm Rithm Capital, according to a report by The Financial Times. […]
SEC Freezing Assets of Investment Adviser Charged with Defrauding Elderly Clients
(HedgeCo.Net) The Securities and Exchange Commission has filed charges and obtained a consented-to asset freeze against a Santa Maria, California-based investment adviser, who allegedly defrauded her victim clients of over $2 million. According to the SEC’s complaint, Julie Anne Darrah […]
Stock futures rebound slightly with the S&P 500 mired in a correction ahead of a big week
(CNBC) U.S. stock futures opened higher slightly Sunday ahead of a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings report. S&P 500 futures added 0.3%, while Nasdaq-100 futures gained 0.4%. Dow Jones Industrial Average […]
The Israel-Hamas war is affecting the financial outlooks of these large companies
(CNBC) Some of the world’s most well-known companies are already seeing the Israel-Hamas war weighing on operations. Corporations that do business or have operations in the region have already begun seeing the war change their financial outlooks as the unrest […]
Hedge Funds Remain In The Green After Q3
(Hedgeweek) Hedge funds have remained in the green, year to date with only two exceptions, according to a report by Forbes that cites data from Citco and the PivotalPath Composite Index. To read this article:
