Category Archives: Syndicated

Stock futures are little changed after Tuesday’s losses: Live updates

(CNBC) U.S. stock futures were little changed Tuesday night following a selloff for the major averages. Dow Jones Industrial Average futures fell by 27 points, or 0.08%. S&P 500 futures dipped 0.06%, while Nasdaq 100 futures declined 0.06%. In extended […]

From $40 billion to ‘going concern’ — WeWork warns of possible bankruptcy

(CNBC) Four years ago WeWork was preparing for a blockbuster IPO. Now the company is warning of possible bankruptcy. “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,” […]

Technology and financials lead July hedge fund gains

(Hedgeweek) Hedge funds extended their June performance surge through July, again led by technology, AI and growth, with gains in these areas complemented by shareholder activist, financials and commodity sub-strategies, according to data from HFR. To read this article:

Hedge funds to face UK stress test

(Hedgeweek) Hedge funds Brevan Howard, Citadel, Millennium Capital Partners, Rokos Capital Management and Capula Investment Management are on a list of more than 50 City institutions to take part in the Bank of England’s first-ever stress tests involving the shadow […]

Point72 ups Singapore headcount to over 100

(Hedgeweek) Point72 Asset Management, the hedge fund firm founded by Steve Cohen, now employs more than 100 people in Singapore having upped its headcount in the city state by more than 50% since early 2022, according to a report by […]

Stock futures are little changed Monday night after S&P 500 ends four-day losing streak: Live updates

(CNBC) Stock futures were roughly flat Monday night. Futures tied to the Dow Jones Industrial Average ticked higher by 6 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures oscillated near the flat line. Earnings season continued, shaking up […]

Poor performance sees 13% of crypto hedge funds shut up shop in 2023

(Hedgeweek) Poor performance and difficulties in accessing banking services has seen aground 13% of crypto hedge funds shut up shop so far this year, according to a report by Bloomberg citing data from Swiss investment adviser 21e6 Capital. To read […]

Short-sellers sunk by bets against cruise lines and hotels

(Hedgeweek) Hedge funds have lost more than $6bn this year betting against cruise lines, including Royal Caribbean and Carnival – two of the 10 most heavily shorted companies in the S&P 500 – and hotels, after underestimating the resilience of […]

Credit and equity hedge funds on institutional investors most-wanted list

(Hedgeweek) Large institutional investors, including pension funds and insurance companies, are looking to up their allocations to credit and equity hedge fund strategies between now and the end of the year, according to a report by Reuters. To read this […]

Haidar’s rollercoaster ride continues with 14% July loss

(Hedgeweek) The rollercoaster ride at Haidar Capital Management continued in July with the firm’s flagship macro hedge fund, the Haidar Jupiter Fund, raking up a loss of 14% over the month, partly reversing its 27% surge in June, according to […]

China reports double-digit plunge in July exports and imports, missing expectations

(CNBC) China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms. That’s worse than what analysts had expected. A Reuters poll predicted a 12.5% decline in exports […]

Goldman Sachs’ future hinges on a low-profile, high-growth business

(CNBC) Goldman Sachs is known as Wall Street’s top brand, a juggernaut employing some of the world’s best traders and investment bankers. But it’s facing an inflection point: Those high-profile businesses have fallen out of favor with investors since the […]