Category Archives: Syndicated
U.S. stock futures are little changed after Nasdaq rallies to record high: Live updates
(CNBC) U.S. stock futures were little changed Sunday night after the tech-heavy Nasdaq Composite posted a record-high Friday, breaking its 2021 record, as stocks attempt to continue their weeks-long rally. Futures tied to the S&P 500 fell marginally, while Nasdaq-100 […]
FTX-linked hedge fund relaunches under new name
(Hedgeweek) LedgerPrime, a quantitative and systematic digital assets hedge fund acquired by Sam Bankman-Fried’s now-defunct FTX in 2021, has relaunched as MNNC Group, a Cayman Islands-registered multi-strategy hedge fund, according to a report by Bloomberg. To read this article:
Millennium to appoint ex-Credit Suisse exec as Head of Equities, Asia
(Hedgeweek) Multi-strategy major Millennium management is set to name Ken Pang, the former Co-Head of Markets at Credit Suisse, as its new Head of Equities, Asia based in Hong Kong, according to a report by Risk.net citing people familiar with […]
OpenAI says Musk’s claims ‘stem from Elon’s regrets’ that he’s not part of company
(CNBC) OpenAI executives believe claims in a new lawsuit stem from Elon’s regrets about not being involved with the company today. “It is deeply disappointing to see Elon take this action against a company he helped start, especially given his […]
Telcos are barely done rolling out 5G networks — and they’re already talking about ‘5.5G’
(CNBC) 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. Telecommunications networks require standards. These are globally accepted technical rules that define how a technology works and its interoperability around the […]
Stock futures are flat after the market wraps its 4th winning month in a row: Live updates
(CNBC) Stock futures were little changed in overnight trading Thursday after the market wrapped up its fourth winning month and the tech-heavy Nasdaq Composite reached its first closing record since November 2021. Futures on the Dow Jones Industrial Average dipped 19 […]
Forward Redemption Indicator up 2.41% for February, says SS&C GlobeOp
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator, which represents the sum of forward redemption notices received from investors in hedge funds administered on the SS&C GlobeOp platform, rose to 2.41% for February, up from 2.03% in January. To read this […]
Shares of NYCB fall more than 20% after bank discloses ‘internal controls’ issue
(CNBC) The bank has announced an amendment to its fourth-quarter results, adding a disclosure about its internal risk management. “As part of management’s assessment of the Company’s internal controls, management identified material weaknesses in the Company’s internal controls related to […]
Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago
(CNBC) Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates. The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month […]
60% of illegal crypto activity tied to sanctioned groups or terrorist organizations, report finds
(CNBC) The American blockchain analysis firm’s “2024 Crypto Crime Report” found that $24.2 billion of illicit cryptocurrency was transferred in 2023, based on already identified illicit crypto wallets. Chainalysis retroactively updates its yearly crypto figures when new illicit wallets come […]
Global macro hedge fund firm Kirkoswald eyes EMSO acquisition
(CNBC) Kirkoswald Asset Management, the global macro hedge fund firm founded by former GLG Partners and Moore Capital Management Trader Greg Coffey, is closing in on a deal to acquire emerging markets manager Emso Asset Management, according to a report […]
Stock futures fall as Wall Street awaits the Fed’s preferred inflation gauge:
(CNBC) Stock futures fell as Wall Street weighed the latest earnings results and looked ahead to the Federal Reserve’s favored inflation gauge. Futures tied to the Dow Jones Industrial Average slipped 78 points, or 0.2%. The S&P 500 futures and […]