Category Archives: Syndicated
Abramovich’s U.S. hedge fund investments frozen
(Reuters) Some U.S. hedge-fund firms that have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him, the Wall Street Journal reported on Friday. Britain froze assets and imposed a travel […]
Steve Cohen’s Point72 to redeem $750 million from Melvin Capital
(Reuters) Billionaire investor Steve Cohen’s Point72 Asset Management is pulling out the $750 million it invested in Melvin Capital Management, Bloomberg News reported on Saturday. Point72 will soon start redeeming the money in portions over time, the report said, citing […]
Federal Reserve expected to raise interest rates in week ahead, as Ukraine crisis adds volatility
(CNBC) Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets. The Fed has clearly broadcast that it intends to raise its target fed funds rate […]
Hedge fund Aravt Global to close flowing significant losses
(Hedgeweek) Significant losses sustained in recent weeks have prompted New York hedge fund Arrant Global to close down operations, according to a report by The Wall Street Journal. To read this article:
SEC Obtains Final Judgment Against Operator of Fraudulent Digital Asset Trading Fund
(HedgeCo.Net) The United States District Court for the Southern District of New York entered final judgment against Defendant Stefan H. Qin, which concluded the SEC’s case against Qin, the founder and operator of Virgil Sigma Fund LP, a fraudulent investment […]
Stock futures rise as investors monitor Russia-Ukraine war, Fed’s next move
(CNBC) Stock futures rose in overnight trading Sunday ahead of an important week as the Russia-Ukraine war continues to escalate and the Federal Reserve could hike rates for the first time since 2018. Futures on the Dow Jones Industrial Average […]
Russians liquidating crypto in the UAE to seek safe havens
*CNBC) Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said. Some clients are […]
Warren Buffett is still buying Occidental Petroleum, adding shares worth $1.5 billion
(CNBC) After spending around $4.5 billion last week to buy 91.2 million shares of Occidental Petroleum, he’s spent more than $1.5 billion this week to add another 27.1 million shares to Berkshire Hathaway’s stake. An SEC filing late Friday revealed the purchases were […]
Moderna CEO Bancel’s golden parachute exceeds $922 Million
*CNBC) Moderna’s board of directors approved a golden parachute for CEO Stephane Bancel worth more than $926 million at the end of last year, up from $9.4 million in 2019 before Covid-19 upended the world order. The value of Bancel’s […]
JPMorgan is winding down its Russia operations amid widening business exodus over Ukraine war
(CNBC) JPMorgan Chase, the biggest U.S. bank by assets, is stepping away from Russia. “In compliance with directives by governments around the world, we have been actively unwinding Russian business and have not been pursuing any new business in Russia,” […]
Stock futures are flat as Dow heads for fifth straight losing week amid Russia-Ukraine war
(CNBC) Stock futures were flat ahead of Friday’s session as the Dow Jones Industrial Average headed for its fifth losing week in a row amid Russia’s invasion of Ukraine. Futures on the Dow Jones Industrial Average rose 50 points. S&P […]
IMF expects to cut global growth forecast in response to Russia-Ukraine war
(CNBC) IMF Managing Director Kristalina Georgieva says “We think that we would be downgrading our growth projections as a result of the crisis, but we still expect the world to be in positive growth territory.” Her comments come a day […]