Category Archives: Syndicated
Marshall Wace boss blames hedge fund talent war on excessive payouts
(Hedgeweek) Excessive payouts to poach staff made by some multi-strategy majors are fuelling a talent war in the global hedge fund industry, according to Marshall Wace Co-founder Paul Marshall and PAG Co-founder Chris Gradel. To read this article:
Hedge fund performance has dominated over last five years
(Opalesque) By Donald A. Steinbrugge, CFA, founder and CEO of Agecroft Partners, LLC. The relative performance of the hedge fund industry has dominated a majority of asset classes over the past five years, marking one of the strongest stretches in […]
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit
(CNBC) Disney earnings topped expectations thanks in part to profit at ESPN+ and continued growth at theme parks, but a decline in ad revenue weighed on the top line. Disney also said it plans to continue to “aggressively manage” its […]
SEC Chair Gensler says rebooted FTX run by ex-NYSE chief is possible if done ‘within the law’
(CNBC) A revived FTX could work if new leadership does so with a clear understanding of the law, SEC chair Gary Gensler told CNBC on the sidelines of DC Fintech Week. Gensler was referring to reports that Tom Farley, a […]
Macro and relative value lead hedge fund sector gains in October
(Hedgeweek) Macro strategies led hedge fund industry gains in October with the HFRI Macro (Asset Weighted) Index advancing +0.7% to record its third consecutive month of positive performance, bringing the trailing three-month return to an impressive gain of +4.2%. To […]
Three money managers are betting big on AI ETFs
(CNBC) The number of exchange-traded funds in the artificial intelligence space has exploded in the past year. Big Tech may have led the initial foray into AI, but money managers are now seeing other sectors jump into the space. To […]
Arm reports first post-IPO earnings and the stock is down 7%
(CNBC) Semiconductor technology company Arm reported its first post-initial public offering earnings on Wednesday that beat Wall Street expectations for sales and showed that the company’s lucrative licensing business doubled in size over the past year. Arm shares fell over […]
IBM launches $500m AI venture fund
(CNBC) IBM announced the launch of a $500 million Enterprise AI Venture Fund, which will be focused on “accelerating generative AI technology and research for the enterprise.” The move comes as other tech giants also ramp up their investments in […]
Why bitcoin ATMs are taking over malls and gas stations across the U.S.
(CNBC) A different kind of ATM is setting up shop in your local convenience store. These machines look like traditional banking kiosks, but they allow customers to buy bitcoin in cash. Bitcoin ATMs, or BTMs, exploded in popularity between 2020 […]
Microsoft closes at all-time high on fresh OpenAI-related optimism
(CNBC) Microsoft ended Tuesday’s trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence. The 1.12% daily increase gives the software maker a market value of about $2.68 trillion. To […]
Stock futures inch lower after S&P 500 registers longest winning streak since 2021: Live updates
(CNBC) U.S. stock futures inched lower on Wednesday after the S&P 500 and Nasdaq Composite notched their longest winning streaks in about two years. Futures tied to the S&P 500 slipped 0.07%, and Nasdaq 100 futures inched lower by 0.10%. […]
Digital assets funds see sixth consecutive week of inflows
(Hedgeweek) Digital asset investment products saw inflows totalling $261m, representing the sixth week of consecutive inflows that now total $767m, surpassing the total inflows of $736m seen in 2022, according to the latest Digital Assets Fund Flows Weekly report from […]