Category Archives: Syndicated
US equities slide hits hedge funds in October
(Hedgeweek) Having spent much of the previous month adjusting to the US Federal Reserve’s apparent acceptance that interest rates would stay ‘higher for longer’, and the subsequent spike in market volatility, hedge fund managers were faced with another switch in […]
Man Group sticks by bearish emerging markets stance
(Hedgeweek) Man Group, the world’s biggest publicly listed hedge fund, is sticking by the contrarian bearish stance it adopted during an emerging-market rally earlier this year, when it predicted a yet-to-materialise “violent” sell-off, according to a report by Bloomberg. To […]
Hedge funds increasingly adopt a more defensive strategy
(Opalesque) Data from hedge fund research firm PivotalPath showed that hedge funds are increasingly adopting a more defensive strategy as concerns about the macroeconomic environment have made making directional bets on the stock market harder, PivotalPath said. U.S. equity long/short […]
Alt investment bodies fire first salvo in legal battle over SEC ‘power grab’
(Hedgeweek) Hedge funds and private equity firms have fired the first salvo in their legal battle with the US Securities and Exchange Commission (SEC) over what they see as a power grab by the commission over the adoption of new […]
UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up
(CNBC) UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse. Analysts polled by Reuters had anticipated the Swiss banking giant would record quarterly net loss of $444 million […]
WeWork, once valued at $47 billion, files for bankruptcy
(CNBC) The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada. The company reported liabilities ranging from $10 billion to $50 billion. “I am deeply grateful for the support of our financial stakeholders as we work together […]
Stock futures slip after Nasdaq registers 7-day win streak: Live updates
(CNBC) Stock futures were lower on early Tuesday as investors assess whether a rally on Wall Street can continue. Futures tied to the Dow Jones Industrial Average dropped 61 points, or about 0.26%. S&P 500 futures and Nasdaq 100 futures […]
Hedge funds up US stock buying at fastest pace seen in two years
(Hedgeweek) Hopes that the US Federal Reserve’s recent pause in interest rate rises might become a more permanent fixture, prompted hedge funds to buy US stocks at the fast pace seen in two years last week, according to a report […]
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
(CNBC) When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of layoffs, a jolt of fear ran through many of the bank’s 240,000 souls. “We’ll be saying goodbye to some […]
Opening Brief Filed in Lawsuit Against the SEC to Vacate Private Fund Adviser Rule
(Opalesque) Gibson, Dunn & Crutcher LLP, an international law firm, has filed an opening brief in the U.S. Court of Appeals challenging the new rule adopted by the U.S. Securities and Exchange Commission (SEC) regulating private fund advisers. According to […]
Stock futures are little changed after the S&P 500?s best week of 2023:
(CNBC) U.S. equity futures were flat on Monday after the major averages capped their best week so far this year. Futures tied to the Dow Jones Industrial Average rose 24 points, or 0.07%. S&P 500 futures ticked higher by 0.03% […]
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
(CNBC) Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash as Warren Buffett saw few dealmaking opportunities. The Omaha-based conglomerate’s operating earnings — which encompass profits made from the […]