Category Archives: Syndicated
Preqin data suggests stock-picking hedge funds are poised for worst performance in a decade
(Hedgeweek) New data from Preqin suggests that stock-picking hedge funds are set to record their worst performance in 10 years, according to a report by Reuters, with cumulative returns having dropped 12.24% in the 12 months ending 31 July. To […]
Investors look to Absolute Return for diversification
(Hedgeweek) Over seven in ten investors (72%) say they are inclined to consider Absolute Return funds as part of their overall asset allocation, given the market conditions observed so far in 2022 and the increased correlation between the traditional asset […]
Citadel Securities expands presence in Japan with new Tokyo office
(Hedgeweek) Citadel Securities the market-making firm set up by hedge fund boss Ken Griffin, is to launch its fixed income offering in Japan following the opening of a new office in Tokyo, according to a report by SWFI. To read […]
MicroStrategy Chair Michael Saylor accused of evading $25 million in taxes by DC attorney general
(CNBC) District of Columbia Attorney General Karl Racine accused MicroStrategy co-founder and Executive Chairman Michael Saylor of evading $25 million in district taxes in a lawsuit filed Wednesday. The lawsuit also names MicroStrategy as a defendant. Racine alleges the company […]
Stock futures fall after Wall Street closed out August with losses
(CNBC) U.S. stock futures fell on Thursday morning after the major averages closed out August with losses and investors considered the Federal Reserve’s fight against inflation. Dow Jones Industrial Average futures fell by 140 points, or 0.44%. S&P 500 and […]
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
(CNBC) Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central bank can ease off in its fight against inflation. Mester, a voting member this year of the rate-setting Federal Open Market […]
Nvidia stock falls after U.S. government restricts chip sales to China
(CNBC) Nvidia shares fell 6.5% in extended trading on Wednesday after the company said the U.S. government is restricting sales in China. In a filing with the SEC, Nvidia said the U.S. government told the company on Aug. 26, about […]
Window of opportunity for hedge fund flows in H2
(Hedgeweek) As both public and private markets enter a period of turbulence and drawdowns, hedge funds are set to prove popular with investors in the second half of 2022, as the recession and geopolitical volatility all play to the industry’s […]
Snap will lay off 20% of staff, report says
(CNBC) Snap is laying off 20% of its workforce, which equates to over 1,000 employees, according to a report published Tuesday by the Verge. The layoffs will begin on Wednesday, the report said, and will affect certain departments including hardware […]
BYD plunges after Buffett trims his stake; one fund manager says it could be a warning sign
(CNBC) Hong Kong-listed shares of BYD tumbled on Wednesday after Warren Buffett’s Berkshire Hathaway trimmed its stake in the Chinese electric car maker — and one fund manager said this could be a warning sign of more to come. To […]
Stock futures rise after Wall Street’s sell-off stretches into third day
(CNBC) Stock futures were higher early Wednesday after Wall Street’s losing streak stretched into its third day and endangered the market’s recent summer rebound. Shares of Chewy tumbled more than 11% in extended trading after the pet products retailer issued […]
Fed’s Williams pushes back on market expectations of a rate cut next year
(CNBC) New York Federal Reserve President John Williams said Tuesday he expects interest rates to continue higher and to remain at those levels until inflation is subdued. Echoing recent comments from Fed Chair Jerome Powell, Williams told The Wall Street […]