Category Archives: Syndicated
Multi-manager returns come at a cost, says Barclays
(Hedgeweek) A record of consistently high returns is allowing multi-manager hedge funds to command expenses fees three times higher those charged by their traditional single-manager fund peers, according to a report by Reuters. To read this article:
Citadel leads early 2023 hedge fund gains
(Hedgeweek) Citadel, the hedge fund firm founded by Ken Griffin, has extended its 2022 winning streak, which saw it chalk up a record $16 billion annual gain, into January, with the firm’s flagship Wellington fund posted a 2.08% increase during […]
Alphabet shares fall 7% following Google’s A.I. event
(CNBC) Shares of Google’s parent Alphabet closed down more than 7% on Wednesday after the company held an event that promoted its new artificial intelligence chatbot called Bard, one day after competitor Microsoft held its own event to show off […]
Disney to cut 7,000 jobs and slash $5.5 billion in costs as it unveils vast restructuring
(CNBC) Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three divisions. To read this article:
Robinhood board approves plan to buy back Sam Bankman-Fried’s $578 million stake
(CNBC) The board of directors of Robinhood has approved a plan to buy up to 55 million shares bought by Sam Bankman-Fried last year. The ex-CEO of the now bankrupt crypto exchange FTX originally purchased his stake in May 2022 […]
SEC to increase scrutiny of crypto-trading firms and ESG funds in 2023
(CNBC)The Securities and Exchange Commission will increase its scrutiny of crypto-trading firms and investment advisors as well as Environmental, Social and Governance — or ESG — funds, among other issues on its list of top oversight priorities for 2023. The […]
JPMorgan lays off hundreds of mortgage employees, source says
(CNBC) JPMorgan has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to hire some bankers. “We regularly review our business and customer needs and adjust our staffing […]
Microsoft CEO Nadella calls A.I.-powered search biggest thing for company since cloud 15 years ago
(CNBC) Microsoft CEO Satya Nadella said Tuesday that search powered by artificial intelligence is the biggest thing to happen to his company in the nine years he’s been at the helm. “I have not seen something like this since I […]
Stock futures dip slightly as traders assess Fed Chair Powell’s inflation remarks
(CNBC) U.S. stock futures inched lower in overnight trading Tuesday. Dow Jones Industrial Average futures fell by 19 points, paring most of earlier losses following President Joe Biden’s State of the Union address. S&P 500 and Nasdaq 100 futures also […]
Fed Chair Powell says inflation is starting to ease, but interest rates still likely to rise
(CNBC) Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets anticipate if the economic data doesn’t cooperate. […]
Bitcoin rises above $23,000 after Fed Chair Powell says inflation is coming down
(CNBC) Bitcoin rose above $23,000 after Federal Reserve Chair Jerome Powell addressed an economics forum in Washington, D.C., saying that inflation is coming down. Bitcoin added 1% to $23,236.80, according to Coin Metrics. Ether rose 1.3% to $1,667.63. Bitcoin struggled […]
SocGen reports 64% slide in annual profits but beats market expectations
(CNBC) Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022, weighed on by lower activity in its domestic banking unit, currency effects and increased operating expenses. The French bank said net income came in at 1.16 […]