Monthly Archives: November 2022
Fed’s Waller says he’s open to a half-point rate hike at December meeting
(CNBC) Federal Reserve Governor Christopher Waller said Wednesday he’s open to reducing the level of interest rate increases soon, so long as the economic data cooperates. The rate-setting Federal Open Market Committee is set to meet Dec. 13-14. Market expectations […]
TCI urges Alphabet to cut costs and reduce headcount
(Hedgeweek) TCI Fund Management (TCI) wants Google parent Alphabet to reduce costs by cutting its headcount in a bid to adjust to slower growth according to a report by Reuters. The activist investor also wants the company to cut losses […]
Cederberg cuts fees following poor performance
(Hedgeweek) Cederberg Capital, a hedge fund focused on investments in Chinese stocks, has reduced its investor fees following continued poor returns due to China’s reluctance to lift strict Covid restrictions, according to a report by Today Online. To read this […]
SEC Charges Massachusetts Resident with Conducting $2 Million Fraudulent Investment Offering
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Massachusetts resident Adrian J. Kawuba, alleging that he conducted a fraudulent offering of securities. The SEC has obtained emergency relief in court, including a temporary restraining order and asset freeze […]
Farallon and Third point among potential hedge fund winners from Twitter deal
(Hedgeweek) Hedge funds Farallon Capital Management and Triatomic Capital are among the large investors to benefit from Elon Musk’s $44 billion deal to acquire Twitter having added positions in the company during the third quarter of the year, according to […]
Investors see FTX collapse as an opportunity with digital asset investment products seeing inflows of $42m
(Hedgeweek) Digital asset investment products saw the largest inflows for 14 weeks last week, totalling $42 million, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. The inflows began later in the week on the back of extreme […]
Stock futures fall as investors await October retail sales
(CNBC) Stock futures fell in overnight trading as investors weighed another lighter-than-expected inflation report and looked ahead to retail sales data due out Wednesday. Futures tied to the Dow Jones Industrial Average fell 60 points, or about 0.2%. S&P 500 […]
From $32 billion to criminal investigations: How Sam Bankman-Fried’s crypto empire vanished overnight
(CNBC) The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around […]
Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business
(CNBC) Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company, Tesla, calling it an amazing feat in the American auto industry. “I was certainly surprised that Tesla did as well as it did,” Munger said in […]
S&P Global Ratings Charged with Conflict of Interest Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. The […]
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
(CNBC) Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management. Credit Suisse said the transaction, along with the potential […]
Amazon reportedly plans to lay off about 10,000 employees starting this week
(CNBC) Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans […]