Monthly Archives: November 2022
Veriton taps Goldman, JPMorgan and Deutsche Bank for new portfolio manager hires
(Hedgeweek) Verition Fund Management has added at least 11 portfolio managers (PMs) in the last three months from institutions including Deutsche Bank, Goldman Sachs, and JPMorgan, according to a report by eFinancial Careers. To read this article:
Ad market worse than during lows of the pandemic, says Warner Bros Discovery CEO David Zaslav
(CNBC) The advertising market is currently weaker than at any point during the coronavirus pandemic slowdown of 2020, Warner Bros. Discovery Chief Executive David Zaslav said at an investment conference Tuesday. If the ad market doesn’t improve next year, “it’s […]
SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Stock Trades
(HedgeCo.Net) The Securities and Exchange Commission has charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The […]
Binance exec says ‘it was like a bomb went off’ at FTX, compares Bankman-Fried to Madoff and Elizabeth Holmes
(CNBC) Binance’s chief strategy officer said it took his company two hours of due diligence on FTX to determine that Sam Bankman-Fried’s crypto exchange was beyond saving. “It was like a bomb went off in that place,” Patrick Hillmann, Binance […]
FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing
(CNBC) FTX in a bombshell emergency court filing Thursday said evidence suggests Bahamian regulators directed former CEO Sam Bankman-Fried to gain “unauthorized access” to FTX systems to obtain digital assets belonging to the company after it had filed for bankruptcy […]
Amazon CEO Andy Jassy says layoffs will continue into next year
(CNBC) Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday. “I’ve been in this role now for about a year and a half, and without a doubt, […]
Elon Musk sets more in-office requirements at Twitter, threatens lax managers
(CNBC) A pair of new emails from Elon Musk to Twitter employees says managers must meet in-person with employees — even exceptional ones — at least monthly, adding that managers can be terminated for allowing employees to work remotely if […]
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:
S&P 500 stock rally bypasses equity hedge funds
(Hedgeweek) The recent 10% rally in the S&P 500 bypassed some of the world’s largest equity hedge funds, according to a report by Bloomberg, with many missing out on boosting returns by failing to ramp up bullish bets in Q3. […]
Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads
(CNBC) In the latest fallout from FTX’s rapid collapse last week, the lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions, the company announced in a thread of tweets Wednesday. The lending arm of […]
Sam Bankman-Fried wanted to let retail investors borrow money to trade crypto derivatives: CFTC head
(CNBC) Sam Bankman-Fried, co-founder of bankrupt crypto firm FTX, spent almost a year trying to convince regulators to let him introduce a derivatives product that would allow retail investors to trade with borrowed money, according to Rostin Behnam, chairman of […]
Cisco shares pop on earnings beat and increased 2023 forecast
(CNBC) Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted its guidance for fiscal 2023. The stock rose about 5% in extended trading. To read this article: