Category Archives: Syndicated

Derivitec launches in the US

(Hedgeweek) Derivitec, an independent software vendor providing risk analytics solutions to hedge funds and family offices, has established an office in New York following a rapid rise in user numbers amongst its US clients. To read this article:

Stock futures inch higher after S&P 500 notches three-day losing streak: Live updates

(CNBC) Stock futures are up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and […]

Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues

(CNBC) Reddit’s first stock rating among analysts was a hold. But the rally continued anyway. The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol […]

Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges

(CNBC) Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. But it’s not clear that he has the financing […]

Digital assets funds flip to record weekly outflows

(Hedgeweek) Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:

Silver to shine as record gold run slows

(Hedgeweek) With the price of gold having hit multiple record highs in recent weeks, hedge fund managers are now beginning to turn their attention to silver as the next potential precious metal momentum play, according to a report by Kitco. […]

LTX by Broadridge integrates with TS Imagine

(Hedgeweek) LTX, an AI-powered fixed income trading platform and subsidiary of global Fintech, Broadridge Financial Solutions, Inc has integrated with TS Imagine’s Fixed Income Execution Management System, TradeSmart Fixed Income (TradeSmart). To read this article:

Stock futures are little changed as market rally takes a breather: Live updates

(CNBC) U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally. Dow Jones Industrial Average futures inched up just 11 points, or 0.03%. Futures tied to both the S&P 500 and […]

Bitcoin jumps 7%, retakes $70,000 to start the week

(CNBC) The price of the flagship cryptocurrency was last higher by 7.8% at $70,995.48, according to Coin Metrics. It briefly rose to $71,239.31 in late afternoon trading as the stock market closed. Ether jumped 7.4% to $3,634.80. Most other cryptocurrencies […]

FTX estate selling majority stake in AI startup Anthropic for $884 million

(CNBC) Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted late Friday to a Delaware court. […]

Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up

(CNBC) Adam Neumann’s financing was not immediately clear, although people familiar with the matter told CNBC that Dan Loeb’s Third Point was not involved in the offer. Neumann’s counsel had previously said that Loeb’s investment firm was backing the WeWork […]

Reddit shares rise 30% to start week after social media company’s IPO

(CNBC) The shares, which debuted at $34 on Thursday, closed at $59.80. Reddit and existing investors raised roughly $750 million combined in the offering. Reddit shares soared 48% on their first day of trading on New York Stock Exchange. A […]