Monthly Archives: February 2024
New SEC regulation requires hedge funds to disclose strategies
(Hedgeweek) The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly approved new regulations which will require hedge funds to confidentially disclose more information about their investment strategies to watchdogs on a quarterly basis, including […]
New hedge fund investment falls to new low
(Hedgeweek) New hedge fund managers are struggling to attract investment to their funds with inflows in 2023 falling to new lows, according to a report by Reuters, citing a client report published by Goldman Sachs on Friday last week. To […]
Stock futures are little changed on Sunday night after a record week for the S&P 500: Live updates
(CNBC) U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500 Futures tied to the 500-stock benchmark were flat. Dow Jones Industrial Average futures and Nasdaq 100 futures also traded within 0.1% […]
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
(CNBC) Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares […]
Elon Musk is ordered to testify in the SEC’s Twitter investigation
(CNBC) A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter, giving the regulator and the billionaire a week to agree on a date and location […]
As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: Full repayment
(CNBC) Sam Bankman-Fried, who could spend the rest of his life behind bars, was found guilty in November on seven criminal counts after roughly $10 billion in customer funds from his company went missing. Some of that money went to […]
Inflation in December was even lower than first reported, the government says
(CNBC) Updates to the consumer price index showed that the broad basket of goods and services measured increased 0.2% on the month, less than the originally reported 0.3%, the Labor Department’s Bureau of Labor Statistics said. While the change is […]
Fixed income strategies lead early 2024 hedge fund
(Hedgeweek) Hedge funds continued their end-of-year momentum into the first month of 2024 amid escalating geopolitical tensions, with fixed income-based strategies leading the way in terms of returns, according to performance data from HFR. To read this article:
Stock futures inch lower in overnight trading after S&P 500 touches historic 5,000 mark: Live updates
(CNBC) Stock futures edged lower Friday morning after the S&P 500 crossed the historic 5,000 milestone for the first time during intraday trading. Futures on the Dow Jones Industrial Average dipped 39 points, or 0.1%. S&P 500 futures slipped nearly […]
Arm’s post-earnings pop leaves stock trading at over 100% premium to Nvidia
(CNBC) Exactly two years ago, Nvidia’s attempt to purchase chip designer Arm from SoftBank came to an end due to “significant regulatory challenges.” SoftBank’s billionaire founder, has never been so lucky. That agreement would have involved selling Arm for $40 […]
SoftBank shares extend their surge, pop more than 15% on earnings beat
(CNBC) Shares of SoftBank Group rose as much as 15.29% Friday morning, a day after the Japanese investment firm posted earnings that beat analysts’ expectations. SoftBank’s on Thursday posted its first quarterly profit following four quarters of losses, thanks to […]
Coatue MD to start new hedge fund
(Hedgeweek) aron Weiner, a Managing Director at Coatue Management, the $40bn hedge fund founded by Philippe Laffont, will leave the firm at the end of the year to start his own hedge fund, according to a report by Bloomberg citing […]