Category Archives: Syndicated
Stock futures inch higher as Wall Street awaits key inflation data: Live updates
(CNBC) U.S. stock futures ticked up early Thursday as investors looked toward new consumer inflation data for greater insight on the economy. Futures tied to the Dow Jones Industrial Average added 66 points, or 0.19%. The S&P 500 futures and […]
Activist Peltz pushing for ‘multiple’ seats at Disney
(Hedgeweek) Nelson Peltz, the veteran activist investor and founder of hedge fund Trian Fund Management, is gearing up for a new multi-seat board challenge at Walt Disney, less than 10 months after the company set out a strategy to address […]
SEC rule change cuts time limit for hedge funds to disclose 5%-plus stakes
(Hedgeweek) A new change in US Securities and Exchange Commission disclosure rules is cutting the time limit for activist hedge funds and other investors to report when they have acquired 5% or more of a company’s stock, according to a […]
Stock futures are flat in overnight trading Tuesday ahead of key inflation reports: Live updates
(CNBC) Stock futures were little changed in overnight trading as Wall Street looked ahead to Wednesday’s producer price index. Futures tied to the Dow Jones Industrial Average were flat, along with those tied to the S&P 500. Nasdaq-100 futures inched […]
Sex, Signal messages and sabotage: SBF’s top execs and Bahamas roommates tell all in court
(CNBC) Two of Sam Bankman-Fried’s former friends from MIT, who also worked at crypto exchange FTX while living with the company’s founder in the Bahamas, took the stand in a Manhattan courtroom this week to testify against their former classmate, […]
Star Witness in FTX criminal Case Testifies that She and Sam Bankman-Fried defrauded customers, investors and lenders.
(CNBC) Caroline Ellison, the former head of Sam Bankman-Fried’s crypto hedge fund and the government’s star witness in the criminal fraud case against the FTX founder, testified Tuesday that “Yes, we did,” Ellison said, when Danielle Sassoon, assistant U.S. attorney, […]
Samsung Electronics expects third quarter profit to plunge 78% but shares surge
(CNBC) South Korean chip giant Samsung Electronics is expecting a 78% drop in operating profit in the quarter ended September, according to guidance released by the company. The company expects revenue will come in at approximately 67 trillion South Korean won […]
Bank of England warns U.S. tech stock valuations may be out of whack
(CNBC) Valuations for U.S technology stocks may be too high given the current macroeconomic backdrop and spike in rates, according to the Bank of England. “Given the impact of higher interest rates, and uncertainties associated with inflation and growth, some […]
Birkenstock prices IPO at $46 per share, toward midpoint of stated range
(CNBC) Birkenstock, the longtime German shoe brand known for its comfy and durable styles, priced its IPO at $46 per share on Tuesday, giving it a tentative valuation of about $8.64 billion. The pricing came in just shy of the […]
Losses prompt investor exodus at Pelham Capital
(Hedgeweek) Poor performance and investor withdrawals have seen assets at Pelham Capital, one of London’s major equity hedge fund sector players, plummet by more than three-quarters over the past three years, according to a report by The Financial Times. To […]
Appian amasses $2.06bn for its third fund
(Opalesque) Appian Capital Advisory, the management company of the Appian Natural Resources Fund, has held the final close of its third fund (Fund III) with $2.06bn in capital commitments. Fund III was heavily oversubscribed despite difficult fundraising conditions for the […]
Quant Two Sigma suspends employee for misconduct causing client losses
(Hedgeweek) Two Sigma, a quant hedge fund with nearly $60bn in AUM, has put one of its researchers on leave after the employee tampered with the firm’s investment models, resulting in some clients losing money, according to a report by […]