(CNBC) In this case, the statutory maximum sentence is around 115 years, but there is a sliding scale for sentencing according to recommended guidelines given the scale of the crimes and the criminal history of the defendant. “I wouldn’t be […]

(CNBC) BlackRock Chief Investment Officer of Fixed Income Rick Rieder said investors underestimate actively managed fixed income exchange-traded funds. “The beauty of this active ETF is we can move around and take advantage of where the opportunity is,” said Rieder, who […]

(Hedgeweek) Hedge funds lost money in September, according to SS&C Technologies, with the gross return of the S&C GlobeOp Hedge Fund Performance Index measuring -0.24% for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index […]

(CNBC) “Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history,” Damian Williams, U.S. attorney for the Southern District of New York, said in a briefing after the verdicts were read. “While the cryptocurrency industry might be new […]

(Hedgeweek) The hedge fund industry saw a net $80 billion of outflows for the year to Oct. 18, even as it raked in net profits of about $119 billion, hedge fund specialist Aurum Funds said in a report on Wednesday, […]

(Hedgeweek) Systematic long-short hedge funds which employ computer algorithms to trade equities registered a strong performance advantage over fundamental long-short funds run by humans in October, according to a report by Reuters. To read this article:

(Opalesque) Half of systematic investors have already integrated artificial intelligence (AI) into their investment process, revealed a study. According to a new study by Invesco, the majority of respondents (62%) anticipate that, within a decade, AI will be as important […]

(CNBC) Nasdaq 100 futures slipped Thursday night after Apple issued its latest quarterly results. Futures linked to the tech-heavy index slid 0.3%, while S&P 500 futures dropped 0.1%. Futures tied to the Dow Jones Industrial Average pulled back 19 points, […]

(CNBC) The billionaire technology leader, who owns Tesla, SpaceX, X, the company formerly known as Twitter, and the newly formed AI startup xAI, said late Thursday that AI will have the potential to become the “most disruptive force in history.” […]

(CNBC) Details of the tentative agreement were released Thursday night after local UAW leaders approved the pact, which UAW President Shawn Fain called the “most lucrative contract our union has won in decades.” The tentative labor agreement was reached Saturday […]

(Hedgeweek) Odey Asset Management, the hedge fund business founded by Crispin Odey who was ousted in June following multiple allegations of sexual assault and harassment, which he denies, is to close completely, according to a statement on the firm’s website. […]

(Hedgeweek) Total net assets for liquid alternatives and non-traditional strategies rose to over $400bn during the third quarter of 2023, according to Morningstar’s latest Liquid Alternatives Observer, with all uncorrelated liquid alternative categories posting positive returns. To read this article: