Monthly Archives: November 2023
Market direction is cause for concern, says Greenlight’s Einhorn
(Hedgeweek) David Einhorn, the founder of hedge fund Greenlight Capital, which has chalked ups a return of 27.7% in the first nine months of 2023, is “worried about the direction of the market”, according to a report by Reuters. To […]
JAT wants change of CEO at Overstock.com
(Hedgeweek) Hedge fund JAT Capital wants to see a change of Chief Executive Officer at internet retailer Overstock.com as it blames incumbent Jonathan E Johnson III for the company’s poor performance, according to a report by Reuters. To read this […]
JPMorgan’s $290 million settlement with Epstein accusers wins approval by U.S. judge
(CNBC) A U.S. judge on Thursday approved JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. To read this article:
Marshall Wace boss blames hedge fund talent war on excessive payouts
(Hedgeweek) Excessive payouts to poach staff made by some multi-strategy majors are fuelling a talent war in the global hedge fund industry, according to Marshall Wace Co-founder Paul Marshall and PAG Co-founder Chris Gradel. To read this article:
Hedge fund performance has dominated over last five years
(Opalesque) By Donald A. Steinbrugge, CFA, founder and CEO of Agecroft Partners, LLC. The relative performance of the hedge fund industry has dominated a majority of asset classes over the past five years, marking one of the strongest stretches in […]
SEC Obtains Judgment Against Hedge Fund Trader Related to Hedge Fund Valuation Scheme
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Jeremy Shor, a trader for a private fund advised by now-defunct New York-based investment adviser Premium Point Investments LP, permanently enjoining […]
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit
(CNBC) Disney earnings topped expectations thanks in part to profit at ESPN+ and continued growth at theme parks, but a decline in ad revenue weighed on the top line. Disney also said it plans to continue to “aggressively manage” its […]
SEC Chair Gensler says rebooted FTX run by ex-NYSE chief is possible if done ‘within the law’
(CNBC) A revived FTX could work if new leadership does so with a clear understanding of the law, SEC chair Gary Gensler told CNBC on the sidelines of DC Fintech Week. Gensler was referring to reports that Tom Farley, a […]
Macro and relative value lead hedge fund sector gains in October
(Hedgeweek) Macro strategies led hedge fund industry gains in October with the HFRI Macro (Asset Weighted) Index advancing +0.7% to record its third consecutive month of positive performance, bringing the trailing three-month return to an impressive gain of +4.2%. To […]
Three money managers are betting big on AI ETFs
(CNBC) The number of exchange-traded funds in the artificial intelligence space has exploded in the past year. Big Tech may have led the initial foray into AI, but money managers are now seeing other sectors jump into the space. To […]
Arm reports first post-IPO earnings and the stock is down 7%
(CNBC) Semiconductor technology company Arm reported its first post-initial public offering earnings on Wednesday that beat Wall Street expectations for sales and showed that the company’s lucrative licensing business doubled in size over the past year. Arm shares fell over […]
IBM launches $500m AI venture fund
(CNBC) IBM announced the launch of a $500 million Enterprise AI Venture Fund, which will be focused on “accelerating generative AI technology and research for the enterprise.” The move comes as other tech giants also ramp up their investments in […]