Hedge Fund News From HedgeCo.Net

(Hedgeweek) Irradiant Partners, LP (Irradiant), an alternative investment manager with over $10bn in assets under management, announced the closing of $411m in commitments on the third vintage of the Irradiant CLO equity strategy. To read this article:

(Opalesque) 3iQ Digital Assets (US), subsidiary of 3iQ Corp., one of the world’s leading digital asset managers, today announces a significant advancement in the digital asset management space. The company has launched the industry’s first comprehensive suite of crypto hedge […]

(CNBC) U.S. stock futures ticked higher on Wednesday night as all three major stock indexes prepared to wrap a winning November. Futures tied to the Dow Jones Industrial Average rose by 87 points, or 0.25%. S&P 500 and Nasdaq 100 […]

(CNBC) Online investments app Robinhood said Thursday that it’s set to launch its platform in the U.K. in early 2024, marking the company’s third attempt at cracking international expansion. Features include the ability to choose from 6,000 U.S. stocks and […]

(CNBC) Speaking at the 2023 DealBook Summit in New York on Wednesday, Elon Musk, the owner of social media site X (formerly Twitter), scoffed at advertisers leaving the platform because of antisemitic posts he amplified there. “If somebody’s gonna try to […]

(CNBC)Microsoft will have a non-voting board seat at OpenAI, the company announced on Wednesday. The move quells some of the remaining questions about Microsoft’s interest in the startup after a turbulent month that saw the company’s controlling non-profit board fire […]

(CNBC) Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats in a push to improve the company’s performance, according to a Wednesday letter from the activist investor. Phillips […]

(CNBC) Salesforce shares rose more than 8% in extended trading on Wednesday after the cloud software vendor reported fiscal third-quarter earnings that topped analysts’ estimates. Revenue increased 11% from $7.84 billion a year ago. To read this article:

Hedgeweek) Digital asset investment products saw inflows totaling US$293m last week, bringing this 7-week run of inflows past the US$1bn mark, according to the latest CoinShares digital fund flows report.  To read this article:

(CNBC) Stock futures ticked up on Tuesday night, as investors held out hope that the Federal Reserve is done raising benchmark interest rates. Futures tied to the Dow Jones Industrial Average ticked higher by 34 points or 0.1%. S&P 500 […]

(CNBC) Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died Tuesday, according to a press release from Berkshire Hathaway. The conglomerate […]

(CNBC) Several investors mourned the passing of famed investor Charlie Munger, vice chairman of Warren Buffett’s Berkshire Hathaway, on Tuesday. Known for his quick wit and his role in the firm’s success, Munger’s legacy reverberated throughout the investing world. “Berkshire Hathaway […]