Category Archives: Syndicated
JPMorgan’s Marko Kolanovic braces for 20% market plunge, delivers recession warning
(CNBC) JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in […]
Ken Griffin’s hedge fund Citadel bucks the downtrend in September, up nearly 13% this year
(CNBC) Billionaire investor Ken Griffin’s flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund […]
Digital asset funds see first net inflows in six week
(Hedgeweek) Digital asset investment products saw positive flows last week for the first time in six weeks, pulling in a combined $21m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read this article:
UBS predicts up to $30bn CTA stock sell-off
(Hedgeweek) Commodity trend advisers (CTAs), hedge funds that use computer algorithms to trade equities inline with movements in stock prices, will soon begin offloading shares worth between $20bn and $30bn, according to a report by Reuters. To read this article:
Cocoa bean trader who lost $100,000 to FTX was first witness in Sam Bankman-Fried trial
(CNBC) In testimony that lasted around 50 minutes on Wednesday, Marc-Antoine Julliard recounted his experience with FTX, including the “extremely anxious” feeling he had the day he unsuccessfully attempted to withdraw part of the $100,000 worth of crypto and cash […]
GM secures new $6 billion credit line as UAW strike costs reach $200 million
(CNBC) The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some of the UAW leadership that they intend to drag […]
Clorox says sales and profit took a big hit from cyberattack
(CNBC) Clorox on Wednesday warned that its sales and profit took a big hit during the quarter ending Sept. 30, largely due to the after effects of a cyberattack that significantly affected operations. The bleach and cleaning products maker said […]
Hedge fund launches surge through mid-year, dominated by multi strategy inflation trading
(Opalesque) New hedge fund launches surged through mid-2023 as managers shifted the strategic growth focus to aggressive expansion of inflation trading teams in multi-strategy funds designed for and positioned to trade volatility driven by rising rates and generational inflation. The […]
Weinstein-led group ups bid for Rithm target Sculptor
(Hedgeweek) The investor group led by Saba Capital Management founder Boaz Weinstein looking to acquire Sculptor Capital Management, has again upped its offer for the hedge fund firm, prompting Rithm Capital Corp to consider improving its offer, according to a […]
Stock futures dip slightly after Dow turns negative for 2023: Live updates
(CNBC) Stock futures dipped slightly early Wednesday following a tough session that dragged the Dow Jones Industrial Average into negative territory for 2023. Futures tied to the 30-stock index slipped 56 points, losing 0.17%. S&P 500 futures and Nasdaq 100 […]
Funds of hedge funds positive in H1, says Citco
(Hedgeweek) Funds of hedge funds had a positive first half of the year, with the average fund returning 2.87% to the end of June, amid a broad resurgence for the asset class, according to the latest Fund of Hedge Fund […]
Bill Gross says the surging 10-year Treasury yield could test 5% in the short term
(CNBC) Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on Tuesday, referring to the 10-year Treasury yield. “The market […]