Category Archives: Syndicated

Dow futures jump more than 100 points after lawmakers avert government shutdown: Live updates

(CNBC) Stock futures jumped at the open of trading after U.S. legislators were able to come to a temporary agreement that staved off a government shutdown. Futures tied to the Dow Jones Industrial Average rose 122 points, or 0.4%. S&P […]

Bill Ackman reportedly said he would ‘absolutely’ do a deal with X with his new SPARC funding vehicle

(CNBC) Billionaire investor Bill Ackman would “absolutely” do a deal with X, the social platform previously known as Twitter, with his newly approved investment vehicle, Ackman told The Wall Street Journal in a story published on Sunday. On Friday, Ackman announced […]

Performance boosts hedge fund AUM as redemptions continue

(Hedgeweek) Investors continued to pull cash from hedge funds in August redeeming an estimated $6.10bn to extend the current run of overall withdrawals to 15 months, according to the latest Hedge Fund Industry Asset Flows Report from Nasdaq eVestment. To […]

Citadel to challenge SEC WhatsApp probe

(Hedgeweek) Citadel is preparing to take a much harder line over the SEC’s widening Wall Street WhatsApp probe than the almost two dozen banks that have already agreed to hefty settlements during the past two years over staff use of […]

Man Solutions parts company with CEO

(Hedgeweek) Michael Turner, the CEO of Man Group’s solutions business Man Solutions, and the former CEO of the group’s specialist hedge fund division Man FRM, has left after 16 years with the company, according to a report by CityWire. To […]

Electric Vehicle Co. Hit with $11m Penalty for Allegedly Misleading Revenue Projections Ahead of SPAC Merger

(HedgeCo.Net) The Securities and Exchange Commission has charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet, which provided hybrid […]

Bill Ackman on bonds and the biggest market calls from the annual Delivering Alpha summit

(CNBC) It’s a key moment for investors with the Fed near the end of its hiking cycle but interest rates likely to remain higher for longer as the central bank continues its fight against inflation. Consumers are getting stretched, China’s […]

Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates

(CNBC) Stock futures were slightly higher Thursday evening as investors prepared to end a difficult September. Futures tied to the Dow Jones Industrial Average added 53 points, or 0.1%. S&P 500 futures rose 0.09%, while Nasdaq 100 futures gained 0.1%. […]

Bitcoin and ether to sustain strong performance in 2023, says Nickel Digital

(Hedgeweek) Institutional investors and wealth managers are confident about digital asset performance and believe that both Bitcoin and ether will sustain their strong performance for the rest of this year, according to research by Nickel Digital Asset Management (Nickel), a […]

Citco records a positive first half for fund of funds

(Opalesque) New data from hedge fund administrator Citco shows that fund of hedge funds had a positive first half of 2023, with the average fund returning 2.87% to end of June. 82% of funds delivered positive returns in the first […]

Almost 90% of the $29tn global insurers plan to invest in private markets

(Opalesque) Within private assets, they expressed the most enthusiasm for direct lending, with 60% of those surveyed planning to boost allocations, according to a new survey of the industry by BlackRock. Of 378 senior insurance executives surveyed by BlackRock, 34% […]

Ousted hedge fund Co-founder settles $636m Proskauer Rose malpractice law suit

(Hedgeweek) Dr Robert Adelman, an ex-client of Proskauer Rose, has settled a $636m malpractice lawsuit against US law firm over his ousting from a hedge fund he co-founded, after a judge ruled the case could go to trial, according to […]