Category Archives: Syndicated
Activist hedge fund ValueAct adds $121m to Meta bet
(Hedgeweek) Activist hedge fund ValueAct Holdings has significantly increased its stake in Meta Platforms, acquiring 211,500 additional shares, worth $121.07m, during the third quarter of 2024, according to the firm’s latest 13F filing. To read this article:
Archegos founder Hwang should serve 21-years, say US prosecutors
(Hedgeweek) Bill Hwang, founder of Archegos Capital Management, should serve 21 years in prison for orchestrating a market manipulation scheme that collapsed his $36bn fund and inflicted more than $10bn in losses on lenders, according to a report by Reuters […]
Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
(CNBC) Trump Media is in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. The news sent shares of both companies soaring. To read this article:
Super Micro hires new auditor to maintain Nasdaq listing; shares pop 37%
(CNBC) Embattled server maker Super Micro Computer said on Monday that it’s hired BDO as its new auditor and submitted a plan to Nasdaq detailing its efforts to regain compliance with the exchange. The shares jumped 37% in extended trading. “This is […]
Tesla stock pops after report Trump wants to relax U.S. self-driving rules
(CNBC) Tesla shares jumped Monday following a report that President-elect Donald Trump’s transition team is planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. Tesla’s stock closed up more than 5% Monday […]
S&P 500 futures slip as index heads for losing week:
(CNBC) S&P 500 futures inched lower Thursday night as investors wondered what’s next for the market after the postelection rally wavered. Futures tied to the Dow Jones Industrial Average lost 91 points, or 0.2%. S&P 500 futures slipped about 0.3%, while Nasdaq 100 […]
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
(CNBC) Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to […]
Greenlight’s David Einhorn says the markets are broken and getting worse
(CNBC) Quant hedge fund firm Two Sigma Investments has named Sarah Moore Fass – currently Chief Human Resources Officer at Bridgewater Associates – as its new Chief People Officer, a role created to enhance the firm’s focus on talent and […]
SS&C reports hedge fund gains in October and positive investor inflows in November
(Hedgeweek) Hedge funds posted a 0.25% return in October according to the performance of the SS&C GlobeOp Hedge Fund Performance, while the SS&C GlobeOp Capital Movement Index recorded net inflows of 1.02% in November, signalling sustained investor confidence. To read […]
DE Shaw makes $108m Bayer short bet
(Hedgeweek) Hedge fund DE Shaw has taken a ($108m) short position against German multinational pharmaceutical and biotechnology company Bayer, according to a report by Reuters citing a regulatory filing made in Germany on Tuesday. To read this article:
Two Sigma taps Bridgewater HR head for new CPO role
(Hedgeweek) Quant hedge fund firm Two Sigma Investments has named Sarah Moore Fass – currently Chief Human Resources Officer at Bridgewater Associates – as its new Chief People Officer, a role created to enhance the firm’s focus on talent and […]
Liquidnet launches new liquidity-seeking algorithm
(Hedgeweek) Liquidnet has launched SmartDark, the latest algorithm for its equities platform, which is designed to enhance how institutional traders can execute trades through prioritised routing with larger executions and better price stability. To read this article:
