Category Archives: Syndicated
Bitcoin gives back Tuesday’s new year rally as traders weigh ETF decision, Fed policy
(CNBC) Bitcoin on Wednesday reversed its new year rally as investors weighed the Federal Reserve’s policy outlook and stayed on alert for updates on the Securities and Exchange Commission’s looming bitcoin exchange-traded fund decision. The price of bitcoin was last […]
Discovery Capital’s macro hedge fund up 48% in 2023
(Hedgeweek) Discovery Capital Management, the hedge fund firm led by ‘Tiger cub’ Rob Citrone, recorded a 48% return with its macro hedge fund in 2023, making it one of the top performers among funds betting on economic trends, according to […]
Hedge fund outflows slow to $4bn in November
(Hedgeweek) Hedge fund withdrawals slowed significantly in November to an estimated $4bn from the $7.6bn seen in the previous month as customer interest rose to the highest level in 2023, according to a report by Reuters. To read this article:
Activist Blackwells makes three Disney board nominations
(Hedgeweek) Activist investment firm Blackwells Capital, and a shareholder of The Walt Disney Company (Disney), has nominated three candidates for election to the entertainment giant’s Board of Directors – Jessica Schell, Craig Hatkoff and Leah Solivan. To read this article:
DE Shaw’s main hedge fund up 10% in 2023
(Hedgeweek) Investors in DE Shaw’s largest hedge fund saw a return of almost 10% in 2023, after fees, as multi-strategy and macroeconomic funds chalked up mixed performance during a year of volatile trading conditions, according to a report by Reuters. […]
Stage is set for explosive growth in digital asset class
(Opalesque) Bitcoin’s 2023 rally took it past the $42,000 market and helped put the crypto winter of 2022 far in the distance. According to Nico Cordeiro, the CIO of digital asset fund manager Strix Leviathan, if there is any additional […]
Stock futures fall overnight after Nasdaq registers worst day since October: Live updates
(CNBC) Stock futures slipped in overnight trading after the Nasdaq Composite registered its worst session since October. Futures tied to the Dow Jones Industrial Average slipped 35 points, or 0.08% while S&P 500 futures and Nasdaq-100 futures also fell 0.09% […]
Apple shares fall 4% after Barclays downgrade
(CNBC) Apple shares slipped 4% on Tuesday, after Barclays downgraded the stock to underweight and slightly trimmed its price target from $161 to $160. Barclays analyst Tim Long wrote in a note to clients Tuesday that the iPhone 15?s current […]
‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment
(CNBC) Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple […]
Hedge fund industry continues to grow
(Hedgeweek) New hedge fund launches and liquidations were steady into the fourth quarter as managers positioned for the peak of generational inflation and the conclusion of aggressive interest rate increases which have dominated the past two years. To read this […]
Point72 joins Hargreaves Lansdown short-sellers
(Hedgeweek) Point72 Asset Management, the hedge fund firm run by Steve Cohen, has joined a group of investors that have built up a big bet against shares of British wealth management firm Hargreaves Lansdown, according to a report by The […]
US dollar hits multi-week low amid rate cut expectations
(Hedgeweek) The US dollar continues its downward trajectory, hitting a multi-week low, influenced by market anticipation of an early Federal Reserve rate cut, possibly in March. This sentiment is reinforced by falling treasury yields which add to the pressure on […]