Monthly Archives: November 2022
Hedge fund returns improve in Q3, led by solid gains for macro strategies
(Hedgeweek) Hedge fund returns held up well in the face of ongoing downward trends for some markets in the third quarter, seeing only a small decline overall, with some specific strategies recording strong gains, according to data from Citco. Hedge […]
Binance deploys $1 billion to keep crypto industry afloat after FTX collapse
(CNBC) Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX’s calamitous bankruptcy. In a blogpost, Binance said it will devote $1 billion in initial […]
DCG’s Barry Silbert reveals crypto firm has $2 billion in debt as he tries to calm investors after FTX
(CNBC) Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in trying to settle investors’ nerves after the sudden collapse of FTX. In a note to shareholders on Tuesday, Silbert addressed […]
CEO of $4.5 billion tech firm slams his peers over layoffs: ‘These are humans’
(CNBC) The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers in masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure […]
Fed officials see smaller rate hikes coming ‘soon,’ minutes show
(CNBC) Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. Reflecting statements that multiple officials have made over […]
Goldman Sachs Asset Management Charged for Failing to Follow its Policies and Procedures Involving ESG Investments
(HedgeCo.Net) The Securities and Exchange Commission has charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the […]
Credit Suisse projects $1.6 billion fourth-quarter loss as it embarks on strategy overhaul
(CNBC) Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul. The embattled lender last month announced a raft of measures to address persistent underperformance in its investment bank […]
CME Group CEO calls Bankman-Fried ‘an absolute fraud,’ says he saw trouble months before FTX collapse
(CNBC) CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the day of his first one-on-one meeting with founder Sam Bankman-Fried. “I told my team this had nothing to do with crypto,” Duffy told […]
HP laying off 4,000-6,000 employees globally over the next three years
(CNBC) Computer maker HP Inc. said Tuesday that it plans to cut 4,000 to 6,000 employees over the next three years. Shares rose as much as 1% in extended trading following the announcement. HP is the latest technology company to […]
Stock futures are little changed as investors look ahead to Fed meeting minutes
(CNBC) U.S. stock futures were little changed on Tuesday night, as investors looked ahead to Federal Reserve meeting minutes for clues into the pace of future interest rate hikes. Dow Jones Industrial Average futures rose by 14 points, or 0.05%. […]
Hedge funds maintain bearish stance on equities despite stock market rally
(Hedgeweek) Hedge funds are maintaining their bearish stance on equity markets despite the recent stock market rally prompting them to unwind short bets at a rapid rate, according to a report by Bloomberg. To read this article:
Tech revolutionizing the hedge fund industry
(Hedgeweek) While the current market environment presents challenges for institutional investors, it also offers hedge funds alpha opportunities unseen for years. To maximize their return potential in this environment, hedge funds are investing in more data and further developing their […]