Category Archives: Syndicated
Inflation reaches highest level since 1981: ‘We don’t see relief in sight,’ says economist
(CNBC) Rising inflation exceeded expectations in June, as the prices for goods and services reached a year-over-year rate of 9.1% — the highest since 1981, according to Labor Department data published Wednesday. And it doesn’t look like things will improve […]
Traders are betting the Fed could raise interest rates by 1% this month
(CNBC) After June’s super hot consumer inflation report, traders in the futures market immediately began to bet the Federal Reserve could raise interest rates by as much as 1% later this month. The consumer price index, reported Wednesday morning, rose […]
Francisco Partners racks up nearly $17bn across two funds
(Opalesque) American buyout firm Francisco Partners has raised nearly $17 billion for two new funds – $13.5 in billion Francisco Partners VII and $3.3 billion in growth equity fund Francisco Partners Agility III. The technology-focused private equity funds well exceeded […]
Hedge funds down 9.93% YTD following 4.16% loss in June
(Hedgeweek) The hedge fund industry posted a -4.16% return for June which made for its third consecutive down month according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. To read this article:
Founders of bankrupt crypto hedge fund 3AC go missing, as investors try to recoup assets
(CNBC) The co-founders of failed crypto hedge fund Three Arrows Capital appear to be on the run from creditors, according to court documents recently filed in New York. Lawyers representing the creditors say the physical whereabouts of Zhu Su and […]
Judge freezes assets of Three Arrows Capital as crypto firm’s founders remain underground
(CNBC) A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital following the firm’s rapid fall from prominence. The fund, founded nearly a decade ago, managed $10 billion in […]
Twitter sues Elon Musk to enforce original merger agreement
(CNBC) Twitter filed suit against Elon Musk in the Delaware Court of Chancery on Tuesday after the billionaire said he was terminating his $44 billion deal to buy the company. Twitter said Musk, after entering a binding merger agreement, now […]
Hedge funds expected to profit from strong investor inflows, says new study
(Hedgeweek) New research from leading quant technology provider SigTech reveals strong optimism from hedge funds for increased investor inflows. To read this article:
From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it
(CNBC) As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after […]
Bill Ackman to wind up SPAC, return $4 billion to investors
(CNBC) Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. […]
Stock futures decline as Wall Street looks ahead to the start of earnings season
(CNBC) U.S. stock futures fell early on Tuesday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter earnings season this week. Dow Jones Industrial Average futures slipped by 156 points, or […]
Twitter says Musk’s request to terminate the deal is invalid
(CNBC) Twitter said Monday in a letter that Elon Musk’s bid to terminate his proposed $44 billion acquisition of the social media company is “invalid and wrongful.” The letter, addressed to Musk’s lawyers, followed the Tesla CEO’s declaration on Friday […]