Category Archives: Syndicated
Stock futures inch up as the market enters last week of September with losses: Live updates
(CNBC) Stock futures edged higher in overnight trading Sunday as the market is set to enter the last week of trading in September with big losses. Futures on the Dow Jones Industrial Average gained 50 points. S&P 500 futures and […]
Hedge fund performance dips in August
(Hedgeweek) Hedge funds saw a small decline in performance in August, with an overall weighted average return of -0.8%, marking the first negative month of 2023, according to new data from Citco, although almost half of funds (49.7%) administered by […]
Ackman predicts increase in US long-term rates
(Hedgeweek) Bill Ackman, the CEO of hedge fund Pershing Square Capital, has predicted further increases for 30-year US interest rates, while his fund remains short on bonds due to the prospect of inflation remaining at an elevated level, according to […]
Pershing Square benefits from ‘2 and 10’ working model
(Hedgeweek) While the traditional ‘2 and 20’ hedge fund fee structure has come under pressure in recent years, with managers varying their terms to attract and retain investors, Pershing Square Capital Management is benefitting from a ‘2 and 10’ approach […]
Tokenizing real-world assets on blockchains is for crypto lovers as well as crypto skeptics now
(CNBC) Tokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn’t just coming from financial incumbents like Citi, JPMorgan and Northern Trust, it’s coming from crypto native players, too. To […]
Vitalik Buterin, the man behind ethereum, talks crypto and the U.S. crackdown
(CNBC) Buterin was named the world’s youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. They call him “V God” in China, Time magazine dubbed him crypto royalty in its April 2022 cover […]
Millennium alumnus plans $3bn multi-strat hedge fund
(Hedgeweek) A new multi-strategy hedge fund firm led by Millennium Management alumnus and the former head of Morgan Stanley’s prime brokerage operation in Asia, Kurt Baker, is looking to raise neatly $3bn as it seeks to establish itself as a […]
Stock futures are flat as the market heads for big weekly losses: Live updates
(CNBC) Stock futures were flat in overnight trading Thursday as the market is poised to end the week with steep losses. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were also […]
Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28 billion in cash
(CNBC)Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever. Splunk shares ended Thursday up 21%, while Cisco shares closed down 4%. […]
JPMorgan legal fees in Jeffrey Epstein sex traffic cases near $14 million, former exec reveals
(CNBC) JPMorgan Chase has racked up nearly $14 million in legal fees defending itself against two lawsuits alleging it abetted the sex trafficking by its longtime customer Jeffrey Epstein, according to lawyers for a former top executive who says he […]
Wall Street’s ‘meh’ response to tech IPOs shows Silicon Valley’s valuation problem
(CNBC) After a 21-month tech IPO freeze, the market has cracked opened in the past week. But the early results can’t be encouraging to any late-stage startups lingering on the sidelines. Chip designer Arm debuted last Thursday, followed by grocery-delivery […]
Hedge funds pull the plug on energy stocks
(Hedgeweek) Despite a rally in oil prices triggered by the prospect of a widening supply deficit, hedge funds sold energy stocks last week for the first time in three weeks, according to a report by Reuters citing information from Goldman […]