Category Archives: Syndicated
Titanium Capital and Founder Henry Abdo Charged with Operating Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Florida-based Titanium Capital LLC and its founder Henry Abdo with operating a Ponzi scheme that raised at least $5.3 million from more than 160 retail investors in the United States and abroad. […]
Credit Suisse Entities to Pay $10 Million for Providing Prohibited Mutual Fund Services
(HedgeCo.Net) The Securities and Exchange Commission has announced that Credit Suisse Securities (USA) LLC and two affiliated Credit Suisse entities (collectively, the Credit Suisse Entities) agreed to pay more than $10 million to settle the SEC’s charges that they provided […]
Hedge funds make end of year redundancies
(Hedgeweek) Hedge funds, including some big name multi-start players, are letting go of surplus staff as the year winds up, according to a report by eFinancial Careers. To read this article:
Jain Capital to go on hiring spree
(Hedgeweek) Jain Capital, the yet to debut hedge fund founded by Bobby Jain, is all set to go on a hiring spree ahead of a “monster”, and largest ever hedge fund launch, according to a report by The Business Wire. […]
Six portfolio managers exit Millennium Management
(Hedgeweek) Six portfolio managers have left billionaire Izzy Englander’s multistrategy hedge fund Millennium Management, according to a report by Bloomberg. The report cites an unnamed person as the source familiar with the matter. To read this article:
Assets invested in the Global ETFs industry reached a new milestone of $11tn
(CNBC) During November the global ETFs industry gathered US$140.46 billion in net inflows, bringing year to date net inflows to US$803.11 billion. Assets invested in the global ETFs industry have increased 18.7% year -to-date, going from US$9.26 trillion at end […]
SpaceX valuation climbs to $180 billion
(CNBC) SpaceX has a near-monopoly on the U.S. satellite launch market, due to its workhorse Falcon rockets and the struggles of rivals to field operational rockets to compete. SpaceX’s Starlink satellite internet business is seen as a key driver for the company, with […]
Stock futures rise Wednesday night after Dow closes at a record high: Live updates
(CNBC) U.S. stock futures climbed Wednesday night after the Federal Reserve indicated multiple rate cuts in 2024, and the Dow Jones Industrial Average closed at an all-time high. Futures tied to the 30-stock Dow added 90 points, or 0.2%. S&P […]
Fed holds rates steady, indicates three cuts coming in 2024
(CNBC) The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, […]
Citadel to return about $7bn in profit to investors
(Hedgeweek) Citadel, the hedge fund run by billionaire Ken Griffin, is planning to give back about $7 billion in profits to investors after a year of double-digit returns, according to a report by Reuters. The report cites sources familiar with […]
Trade bodies challenge SEC securities lending and short position reporting rules
(Hedgeweek) The National Association of Private Fund Managers (NAPFM), along with the Alternative Investment Management Association (AIMA) and Managed Funds Association (MFA) have filed a lawsuit asking the US Court of Appeals for the Fifth Circuit to invalidate two rules […]
Etsy stock falls after company lays off 11% of its staff, citing ‘very challenging’ environment
(CNBC) Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline costs against a “very challenging” macro and competitive environment, the company announced Wednesday. […]