Category Archives: Syndicated
EasyJet short sellers boosted as airline’s share price plummets
(Hedgeweek) Hedge funds betting against easyJet saw their short positions boosted on Thursday as the low-cost airline’s share price took a sharp nosedive after it rejected a takeover bid. To read this article:
Leon Black says accuser, eyeing payday, made up Jeffrey Epstein claims
(Reuters) A woman suing former Apollo Global Management Inc (APO.N) Chief Executive Leon Black for sexual abuse and defamation made up “demonstrably false” new accusations linking him to the late sex offender Jeffrey Epstein, Black’s lawyers said on Wednesday. To […]
Prosecutors call Elizabeth Holmes a liar and a cheat as her fraud trial begins
(CNBC) Prosecutors called Theranos founder and CEO Elizabeth Holmes a liar and a cheat on Wednesday while her attorneys argued that the company’s failure was not a crime. “Out of time, out of money, Elizabeth Holmes decided to lie,” Robert […]
Hedge funds gain as political risks rise
(Opalesque) Equity Hedge tops strategy performance as HFRI posts 10th gain in 11 months following uncertainty around Afghanistan, stimulus, spending and reopening increase. Hedge funds advanced in August, despite increasing risks associated with instability in Afghanistan and expectations for Federal […]
Yellen urges Congress to raise debt limit, warns Pelosi about extraordinary measures running out soon
(CNBC) Treasury Secretary Janet Yellen on Wednesday warned House Speaker Nancy Pelosi that the mere specter of a U.S. default can have drastic consequences for U.S. financial markets and urged Democratic leadership to raise or suspend the debt ceiling as […]
Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says
(CNBC) In its periodic “Beige Book” look at the nation’s economic picture, the central bank also reported that growth overall had “downshifted slightly to a moderate pace” amid rising public health concerns during the July-through-August period that the report covers. […]
Steinbrugge: Why the next 15 months will be the greatest asset raising environment in history of hedge funds
(Opalesque) The next 15 months will be the greatest asset-raising environment in the history of the hedge fund industry, according to Donald A. Steinbrugge, founder and CEO of Agecroft Partners, a U.S.-based consulting and marketing firm. Asset flows will be […]
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
(CNBC) The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May. The price action comes on the day El Salvador is set to adopt the largest cryptocurrency by market cap as legal […]
Grayscale CEO calls SEC ‘shortsighted’ after regulator’s comments on approval of a bitcoin ETF
(CNBC) The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission Chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO […]
A sharp rise in wages is contributing to worries over inflation
(CNBC) Now might be a good time for the Federal Reserve to start worrying about inflation. August’s jobs report, besides being a big disappointment on the 235,000 headline number, also showed that wages are rising even with weak hiring. Average […]
Stock futures are flat in overnight trading after Dow’s 260-point loss
(CNBC) Stock futures were flat in overnight trading on Tuesday after the Dow Jones Industrial Average fell more than 200 points as investors reassessed growth outlook following a smooth ride in the market this year. Futures on the Dow dipped […]
Hedge funds in historic double-down on higher U.S. yields:
(Reuters) Not only are hedge funds ramping up their bets on a higher 10-year U.S. Treasury yield, they are doing so on a historic scale. The latest move in Commodity Futures Trading Commission positions suggests speculators were undeterred by the […]