Category Archives: Syndicated

SS&C expands fund admin business with new Abu Dhabi office

(Hedgeweek) SS&C Technologies Holdings is expanding its global footprint with the opening a new office in Abu Dhabi, having secured full approval from the Financial Services Regulatory Authority (FSRA) to deliver fund administration services within the Abu Dhabi Global Market […]

Hedge fund Astignes eyes hundreds of millions for new macro strategy

(Hedgeweek) Astignes Capital Asia Pte, a Singapore-based hedge fund firm focused on macro and relative value investments in the Asia-Pacific region, is opening its new Astignes Systematic RV Macro Fund to outside investors from April, according to a report by […]

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

(CNBC) Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race.  The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup […]

Stock futures are little changed as S&P 500 gets set to close out the first quarter up 10%: Live updates

(CNBC) Stock futures are trading near the flatline overnight as the S&P 500 approached its best first-quarter performance in five years. Futures tied to the Dow Jones Industrial Average slipped 32 points, or 0.08%. S&P 500 futures inched lower by […]

Penthouse to prison: Sam Bankman-Fried’s journey from crypto king to convicted conman

(CNBC) Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies. Today, he’s a 32-year-old inmate at the Metropolitan Detention […]

SBF team argues for 5-6 years in jail because FTX customers will get money back

(CNBC) While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter. To read this article:

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

(CNBC) TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year: Block the House bill that could effectively ban the app in the United States. “Think about the 5 million […]

Citadel adds X software engineer to team

(Hedgeweek) Linyun Fu, a software engineer at X who survived Elon Musk’s axing of 50% of jobs at the social media platform, has left the company after eight years to take up a new software engineering role at multi-strategy hedge […]

Derivitec launches in the US

(Hedgeweek) Derivitec, an independent software vendor providing risk analytics solutions to hedge funds and family offices, has established an office in New York following a rapid rise in user numbers amongst its US clients. To read this article:

Stock futures inch higher after S&P 500 notches three-day losing streak: Live updates

(CNBC) Stock futures are up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and […]

Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues

(CNBC) Reddit’s first stock rating among analysts was a hold. But the rally continued anyway. The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol […]

Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges

(CNBC) Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. But it’s not clear that he has the financing […]