Category Archives: Syndicated
FanDuel parent Flutter lists on the NYSE, challenging DraftKings as sports-betting pure play
(CNBC) FanDuel parent Flutter listed on the New York Stock Exchange on Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings It’s a secondary listing for the international sportsbook, which will retain its primary […]
Stock futures Sunday Night fall ahead of big tech earnings and Fed meeting decision:
(CNBC) U.S. stock futures fell across the board Sunday night as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. Futures tied to the Dow Jones Industrial Average declined 86 points, or 0.2%. […]
Hedge fund Chatham wants $100m from compliance team following SEC probe
(Hedgeweek) Having agreed to pay more than $19m to settle US SEC charges relating to improper bond trading, hedge fund Chatham Asset Management is now looking to recoup those costs, plus damages, from its compliance adviser Advisor Compliance Associates (ACA), […]
SS&C GlobeOp Forward Redemption Indicator falls to 2.03% in January
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator, which measures redemption notices received from investors in hedge funds administered by SS&C GlobeOp, measured 2.03% for January, down from 3.64% in December. To read this article:
Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
(CNBC) The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle last week as did Meta and Microsoft, which ran past $3 trillion in market cap. […]
Crypto hedge fund AUM up 41.62% to $15.2bn
(Hedgeweek) Crypto hedge funds’ AUM jumped in Q4 2023 to $15.2bn, a 41.62% increase on the previous total of $10.75bn, with fundamental strategies holding $11.4bn, quant directional funds $1.8bn, and market neutral funds $1.9n, according to the 2024 Institutional Crypto […]
Bridgewater offers data interns $21,000 a month
(Hedgeweek) Multi-strategy major Bridgewater Associates is splashing the cash in a bid to secure future data talent, with Ray Dalio’s Connecticut-based hedge fund currently offering to pay $41,000 for eight-week investment engineer internships, according to a report by Financial News. […]
Nasdaq 100 futures slide after Intel’s guidance disappoints: Live updates
(CNBC) Nasdaq 100 futures slid on Friday morning after Intel issued an outlook that fell short of Wall Street’s expectations. Futures linked to the tech-heavy index shed 0.71%. S&P 500 futures dropped 0.36%, while Dow Jones Industrial Average futures slipped […]
Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition
(CNBC) Microsoft will lay off around 1,900 employees in its gaming unit, or around 9% of headcount, according to a Thursday memo obtained by CNBC. Microsoft Gaming CEO Phil Spencer said that the layoffs were part of a larger “execution […]
Alphabet, Microsoft and Meta close at all-time highs ahead of earnings next week
(CNBC) Shares of Alphabet rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87, closing with a market cap over $3 trillion. Meta gained 0.6% to $393.18. Apple remains slightly below its high from December. The rally comes ahead […]
Pictet’s wealth management unit cuts hedge fund holdings
Hedgeweek) A belief that fewer alternative asset managers will better the returns of traditional equities and bond investments this year has prompted a reduction in client hedge fund holdings at Pictet’s wealth management unit, according to a report by Reuters. […]
Tesla shares close down 12% after automaker warns of slowdown
(CNBC) Tesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024. Tesla’s automotive revenue, a closely watched metric, totaled $21.6 […]