Category Archives: Syndicated
Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges
(HedgeCo.Net) Federal prosecutors are attempting to bar indicted FTX co-founder Sam Bankman-Fried from using encrypted messaging software, citing efforts that may “constitute witness tampering,” according to a letter filed in Manhattan federal court Friday. To read this article:
Tesla just had its best week since May 2013
(CNBC) Tesla The stock rose 11% on Friday to close at $177.88. The rebound followed a six-month period in which Tesla shares had declined more than 40%. The stock’s 65% plunge in 2022 was its worst in Tesla’s 12-plus years […]
Interest rate bets fuelled Brevan Howard’s BH Macro gains
(Hedgeweek) Winning interest rate bets helped drive gains at an investment vehicle managed by hedge fund Brevan Howard during 2022 as market volatility and soaring inflation prompted central banks to hike interest rates, according to a report by Reuters. To […]
Systematic funds boost outsourced front office tech development
(Hedgeweek) Over half of systematic hedge funds (58%) surveyed or interviewed for a new report by Acuiti – Bringing the case for buy-and-build to the front office – are utilising a combination of both outsourced strategies and in-house development to […]
Global equity funds attract inflows for third week in a row
Reuters) Global equity funds received inflows for a third straight week in the week to Jan. 25 as easing recession fears and hopes of smaller rate hikes by the Federal Reserve kept sentiment buoyant. Refinitiv Lipper data showed global equity […]
Investors pull $111bn from hedge funds in 2022
(hedgeweek) Investors withdrew $111 billion from hedge funds in 2022, the industry’s third-worst year of outflows in 15 years, as a string of Federal Reserve rate hikes aimed at tackling soaring inflation pulled down asset prices, according to a report […]
Light Street hedge fund down 54% in 2022
(Hedgeweek) Light Street Capital Management’s hedge fund racked up one of the industry’s biggest declines in 2022, falling 54% over the year, just shy of Tiger Global Management’s 56% decline, according to a report by Bloomberg. To read this article:
U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom
(CNBC) The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose […]
Stock futures tick down after the Dow posts a five-day win streak
(CNBC) Stock futures slipped Thursday evening as investors look ahead to earnings and economic reports due Friday. Futures tied to the Dow Industrial Average fell 49 points, or 0.14%. S&P 500 futures and Nasdaq 100 futures were down 0.31% and […]
Intel’s horrible quarter revealed an inventory glut and underused factories
(CNBC) Intel’s December earnings showed significant declines in the company’s sales, profit, gross margin, and outlook, both for the quarter and the full year. Investors hated it, sending the stock over 9% lower in extended trading, despite the fact that […]
Bed Bath & Beyond warns it can’t pay down debts, defaults on credit line
(CNBC) Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay down its debts and it has defaulted on its credit line with JPMorgan, warning once again of a potential bankruptcy. Shares of Bed Bath plunged Thursday […]
Tech layoffs aren’t hitting this digital job market where over 700,000 workers are needed
(CNBC) Strong demand for cybersecurity workers is continuing even as big technology companies lay off thousands of employees. That’s not a big surprise, as cybersecurity is seen as one of the more resilient areas for tech investment in a more […]