Category Archives: Syndicated
New hedge fund managers adopting incentive allocation hurdles
(Hedgeweek) An increasing proportion of new hedge fund managers are launching with an incentive allocation hurdle, guaranteeing investors a baseline return before the manager earns a performance fee, according to the 2023 edition of the Seward & Kissel New Manager […]
Schonfeld yet to secure $3bn targeted for drawdown fund
Hedgeweek) Schonfeld Strategic Advisors, the multi-strategy hedge fund firm born in 2015 out of Steven Schonfeld’s proprietary trading-firm-turned family office, still hasn’t raised the $3bn it has been looking to raise since late last year, according to a report by […]
FSB publishes new “liquidity preparedness” proposals for hedge funds
(Hedgeweek) The Financial Stability Board (FSB) has proposed a new package of measures aimed at helping hedge funds and other non-banking sector investors better cope with margin and collateral calls in times of market stress, according to report by Bloomberg. […]
Stock futures are little changed after the S&P 500 registers third straight losing day: Live updates
(CNBC) U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses. Futures tied to the S&P 500 inched higher by 0.06%, while Nasdaq 100 futures gained 0.1%. Dow Jones […]
Element set to return $4bn in client cash
(Hedgeweek) Element Capital Management, the global macro hedge fund firm founded by Jeff Talpins, is planning to return around $4bn in external capital to clients as it looks to improve performance and focus on managing its own funds, according to […]
Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back
(CNBC) Venture capital firm Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This […]
Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand
(CNBC) Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But that’s not how investors treated the latest news out of Tesla. Shares of the electric […]
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
(CNBC) Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows […]
Hedge fund founder Shah accused of masterminding cum-ex fraud in London civil trial
(Hedgeweek) Hedge fund founder Sanjay Shah has been accused of masterminding a “meticulously pre-planned” cum-ex trading scheme that defrauded the Danish government of £1.4bn ($1.7bn) at a civil court case in London brought by Danish tax agency Skat. To read […]
Stock futures are little changed after Dow’s sixth straight losing day: Live updates
(CNBC) U.S. stock futures were little changed Monday night after a losing day for the major benchmarks. Dow Jones Industrial Average futures inched lower by 2 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures flickered near the flatline. […]
Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo
(CNBC) Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. “As we prepare the company for our […]
Hong Kong grants initial bitcoin, ether ETF approvals
(Hedgeweek) Hong Kong has granted initial conditional approvals to Harvest Global Investments and a partnership between HashKey Capital and Bosera Asset Management (International) for spot-bitcoin and ether exchange-traded funds, according to a report by Bloomberg. To read this article:
