Category Archives: Syndicated
Hedge funds up long bets on US real estate investment stocks
(Hedgeweek) Hedge funds increased their long wagers on US real estate investment stocks last week for the sixth connective week, backing a rebound in both the country’s commercial and industrial property sectors, according to a report by Reuters. To read […]
Bitcoin rises to record above $69,000, then quickly tumbles 8%
(CNBC) The price of the cryptocurrency topped $69,210 on Tuesday according to Coin Metrics, and then quickly pulled back. The losses deepened in late afternoon trading. It was last trading lower by 8% at $61,973.37. However, with bitcoin on a […]
Fed Chair Powell testifying to House on Wednesday. What investors are expecting?
(CNBC) Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how the central bank plans on proceeding with monetary policy this year. The past several months have seen a changing […]
OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
(CNBC) OpenAI on Tuesday publicly responded to a lawsuit brought by co-founder Elon Musk, highlighting apparent hypocrisy on the part of the now-billionaire and early backer of the company. In its response, OpenAI reproduced old emails from Musk in which […]
DE Shaw betting on blind pools of bank risk
(Hedgeweek) DE Shaw is one of a number of hedge funds buying exposure to blind pools of risk being sold by banks to reduce their regulatory burden, in the form of credit-linked notes that transfer the risk to the buyer […]
Stock futures slip after Nasdaq Composite retreats from record: Live updates
(CNBC) U.S. stock futures ticked lower Tuesday after the Nasdaq Compositeretreated from its record high. Futures tied to the Dow Jones Industrial Average dropped 77 points, or 0.2%. S&P 500 futures inched down 0.2%, while Nasdaq-100 futures fell roughly 0.4%. […]
Former Twitter execs sue Musk and X for more than $128 million in severance
(CNBC) In their complaint, lawyers for the ex-Twitter executives say that after Musk backed himself into a deal to buy Twitter, now X Corp., for $44 billion, he took revenge against these executives personally, and tried to recover some of […]
Target will report its earnings before the bell. Here’s what to expect
(CNBC) As of Monday’s close, Target’s shares are up nearly 6% so far this year. That falls short of the approximately 8% gains of the S&P 500 during the same period. Target’s shares closed on Monday at $150.49 apiece, bringing […]
Millennium’s commodities bets earned $600m in 2023
(Hedgeweek) Commodities investments at Izzy Englander’s Millennium Management earned the multi-strategy major a solid $600m last year, but still far behind the bumper $4bn return for the asset class seen at rival Citadel, according to a report by Bloomberg. To […]
Hedge funds to benefit from bets on FTX claims
(Hedgeweek) A number of distressed debt investors, including Attestor, Farallon Capital and Oaktree Capital, are set to benefit from bets that creditors of FTX Capital will recover more than expected, following the collapse of the cryptocurrency exchange. To read this […]
Weiss to shutter multi-strat hedge fund after 46 years
(Hedgeweek) Weiss Multi-Strategy Advisers, a New York-based hedge fund firm started in 1978 by Founder and Chief Executive George Weiss, is winding down its operations after a challenging couple of years, according to a report by Bloomberg. To read this […]
JPMorgan adds to hedge fund offering with LayerOne acquisition
(Hedgeweek) JPMorgan Chase & Co has added to its service offering for hedge funds with the acquisition of LayerOne Financial, an investment management platform that was spun out from Fortress Investment Group, by its OEMS subsidiary Neovest, according to a […]