Category Archives: Syndicated
Farallon and Third point among potential hedge fund winners from Twitter deal
(Hedgeweek) Hedge funds Farallon Capital Management and Triatomic Capital are among the large investors to benefit from Elon Musk’s $44 billion deal to acquire Twitter having added positions in the company during the third quarter of the year, according to […]
Investors see FTX collapse as an opportunity with digital asset investment products seeing inflows of $42m
(Hedgeweek) Digital asset investment products saw the largest inflows for 14 weeks last week, totalling $42 million, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. The inflows began later in the week on the back of extreme […]
Stock futures fall as investors await October retail sales
(CNBC) Stock futures fell in overnight trading as investors weighed another lighter-than-expected inflation report and looked ahead to retail sales data due out Wednesday. Futures tied to the Dow Jones Industrial Average fell 60 points, or about 0.2%. S&P 500 […]
From $32 billion to criminal investigations: How Sam Bankman-Fried’s crypto empire vanished overnight
(CNBC) The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around […]
Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business
(CNBC) Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company, Tesla, calling it an amazing feat in the American auto industry. “I was certainly surprised that Tesla did as well as it did,” Munger said in […]
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
(CNBC) Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management. Credit Suisse said the transaction, along with the potential […]
Amazon reportedly plans to lay off about 10,000 employees starting this week
(CNBC) Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans […]
Washington lobbyists sever ties with FTX founder Sam Bankman-Fried after crypto exchange implodes
(CNBC) Former FTX CEO Sam Bankman-Fried and his allies are losing advocates in Washington, as the company hits rock bottom. Lobbyists who worked for FTX and Guarding Against Pandemics, a nonprofit partially funded by Bankman-Fried and run by his brother, […]
Stock futures rise after Wall Street suffers first decline in three sessions
(CNBC) Stock futures were higher Tuesday morning after ending the day lower, snapping a two-day advance that started when a better-than-expected inflation report stoked hopes that the Federal Reserve would soon ease up on raising interest rates. Futures tied to […]
Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise
(CNBC) The boss of cryptocurrency exchange Crypto.com took to YouTube Monday to reassure users of his platform after the stunning collapse of rival firm FTX sparked fears of a market contagion. In an “AMA” (ask me anything) on YouTube, the […]
Hedge fund industry AUM holds up at just below $5tn all-time high, despite global downturn
(CNBC) The pace of Hedge Fund redemptions accelerated slightly in August to $18.92 billion (-0.38% of industry assets), according to the Barclay Fund Flow Indicator published by Barclay Hedge. A trading loss of -$54.13 billion during August saw total hedge […]
Disney misses on profit and key revenue segments, warns streaming growth could taper
(CNBC) Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter Tuesday and warned strong streaming growth for its Disney+ platform may taper going forward. Shares of the company fell roughly 8% in after-hours […]