Hedge Fund News From HedgeCo.Net

(CNBC) In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company was Bridge Network. As part of his […]

(CNBC) We often speak with both fundamental managers that might not have the luxury of a team of analysts to comb through financial reports and earnings calls, and quant managers that lack access to expensive data sets. For these types […]

(CNBC) Stock futures were flat in overnight trading after the Dow Jones Industrial Average snapped a three-day winning streak. Futures tied to the Dow edged down 37 points. S&P 500 futures inched lower by less than 0.1%, while Nasdaq-100 futures slipped 0.1%. During Monday’s trading session, the 30-stock Dow […]

(CNBC) Gold has entered a new bullish phase, driven by factors like central bank buying, rising U.S. debt and a potential peak in the U.S. dollar,” Paul Wong, market strategist at Sprott Asset Management, wrote in a note, after the […]

(Hedgeweek) Global hedge funds snapped up US technology stocks, including semiconductors and hardware, at their fastest rate in five months last week, as the third-quarter earnings season kicks off, according to a report by Goldman Sachs. To read this article:

(Hedgeweek) Activist investment firm Elliott Investment Management has entered into discussions with Southwest Airlines aimed at reaching a settlement that would prevent a proxy fight over control of the airline’s board, according to a report by Bloomberg News. To read […]

(CNBC) Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years, CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of […]

(CNBC) Chris Larsen, co-founder and chairman of Ripple, contributed nearly $9.9 million to Future Forward in September, in addition to more than $800,000 to the Harris Victory Fund. Including Larsen’s August contribution of $1 million worth of XRP tokens, the billionaire has […]

(CNBC) Elon Musk says that he would randomly award $1 million a day to registered voters who sign a petition for his pro-Trump political action committee in an effort to get his fans in swing states to the polls. Speaking at […]

(Hedgeweek) Asia-based hedge funds surged ahead of their global counterparts in the first three quarters of the year, buoyed by a strong rally in Chinese stocks last month, marking a reversal of three years of underperformance for the region’s funds, […]

(CNBC) U.S. stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024. Dow Jones Industrial Average futures rose by 44 points, or 0.1%. S&P 500 futures and Nasdaq 100 […]

(Hedgeweek) Third Point, the activist hedge fund firm founded by Daniel Loeb, acquired a new stake in Danish freight forwarder and logistics company DSV A/S during the third quarter, predicting “significant upside” for the company, according to a report by […]