Monthly Archives: November 2022
SEC Obtains Final Judgments Against Two Family Office Executives Charged with Insider Trading
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final consent judgment against Charles Rustin “Rusty” Holzer, a manager of a family office, whom the SEC previously charged with insider trading. On October […]
Cohen’s Point72 increases stake in two tech stocks and opens two new energy positions in Q3
(Hedgeweek) Steven Cohen’s Point72 Asset Management focused on dividend-paying stocks in Q3, upping its holding in two tech companies and opening two new positions in the energy sector, according to a report by Investing.com. To read this article:
Man Group to launch crypto hedge fund despite FTX turmoil
(Hedgeweek) Man Group is preparing to launch a dedicated cryptocurrency hedge fund despite the current turmoil in the market sparked by the collapse of Sam Bankman-Fried’s digital exchange operator FTX, according to a report by Bloomberg. To read this article:
Sam Bankman-Fried tries to broker FTX bailout from his home in the Bahamas, despite being booted from the crypto company
(CNBC) Sam Bankman-Fried told CNBC he is trying to lock down a multibillion-dollar deal to bail out FTX, which filed for Chapter 11 bankruptcy protection earlier this month. In a brief interview with CNBC , the FTX founder declined to […]
Coinbase shares tumble as bitcoin slide continues, investors fear contagion from FTX collapse
(CNBC) Coinbase shares closed down more than 8% Monday, extending a slide that’s pushed the crypto exchange to its lowest point since its market debut in April 2021. The drop comes as bitcoin’s slump continues and investors worry about contagion […]
Stock futures are little changed on Monday evening
(CNBC) Stock futures are little changed Monday night as investors worry about the prospect of China reinstating pandemic restrictions. Futures tied to the Dow Jones Industrial Average lost 6 points and was near the flatline. S&P 500 futures were flat […]
Disney blindsided Chapek with CEO decision after reaching out to Iger on Friday
(CNBC) Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, according to people familiar with the matter. The executive change came together quickly, blindsiding […]
SEC Seeks to Stop the Registration of Misleading Crypto Asset Offerings
(HedgeCo.Net) The Securities and Exchange Commission has instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of the offer and sale of two […]
Collapsed FTX owes nearly $3.1 billion to top 50 creditors
(Reuters) Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on […]
Bankman-Fried borrowed $1bn from Alameda Research
(Hedgeweek) Sam Bankman-Fried, the former CEO of bankrupt trading firm Alameda Research, allegedly borrowed $1 billion from the business after it borrowed the same amount from another of his companies, according to a report by ShoreNewsNetwork. To read this article:
S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday
(CNBC) S&P 500 futures fell slightly Sunday evening ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Futures tied to the broad market index were lower by 0.1%. Dow Jones Industrial Average […]
Hedge funds kick off Q4 in positive territory
(Hedgeweek) Over two-thirds (67%) of hedge funds recorded positive returns in October, marking a significant turnaround from the 31% that managed to end the previous month in positive territory, according to a report by Forbes. To read this article: