Category Archives: Syndicated

Goldman Sachs raises over $700m for hedge fund co-investment fund

(Hedgeweek) Goldman Sachs Group’s asset management arm has raised over $700m in capital commitments for Union Bridge Partners I, a new opportunistic co-investment strategy that will focus on making investments alongside hedge funds and private credit firms. To read this […]

Global allocators added $172bn to alts in 2023, says Vidrio

(Hedgeweek) Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research […]

Stock futures tick higher following another record-setting day for the major averages:

(CNBC) U.S. stock futures inched higher on Thursday night after all three major averages registered new record closes. Dow Jones Industrial Average futures rose 39 points, or 0.1%. S&P 500 futures and Nasdaq 100 futuresboth climbed 0.1%. In extended trading, […]

Hedge fund market to reach $13tn globally by 2032

(Hedgeweek) The hedge fund market, which was valued at $4.8tn in 2022, is estimated to reach $13tn by 2032, exhibiting a CAGR of 10.7% between 2023 to 2032, according to a new report published by Allied Market Research. To read […]

Global allocators added $172bn to alts in 2023, says Vidrio

(Hedgeweek) Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research […]

DOJ sues Apple over iPhone monopoly in landmark antitrust case

(CNBC) The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers. The government has not ruled out breaking up one […]

Reddit pops 48% in NYSE debut after selling shares at top of range

(CNBC) The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting […]

Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again

(CNBC) Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company’s board of directors over what she called, “possible misappropriation of Tesla resources and conflicts of interest arising […]

Bitcoin rebounds to $67,000 as Fed leaves rate cuts in 2024 roadmap:

(CNBC) David Mercer, CEO of LMAX Group, weighs in on what’s driving crypto markets and institutional appetite for digital assets. To view this story:

Fed holds rates steady and maintains three cuts coming sometime this year

(CNBC) Along with the decision, Fed officials penciled in three quarter-percentage point cuts by the end of 2024, which would be the first reductions since the early days of the Covid pandemic in March 2020. The current federal funds rate […]

Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available

(CNBC) Intel could receive an additional $11 billion in loans from the CHIPS and Science Act, which was passed in 2022. The awards will be announced by President Joe Biden in Arizona on Wednesday. The money will help “leading-edge semiconductors […]

Reddit prices IPO at $34 per share in first major social media offering since 2019

(CNBC) Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, and values the company at close to $6.5 […]