Category Archives: Syndicated

Tech surge helps Tiger Cubs post second straight year of gains

(Hedgeweek) Hedge funds managed by protégés of the late Tiger Management founder Julian Robertson, known as “Tiger Cubs,” reported robust double-digit returns in 2024, buoyed by the soaring performance of technology stocks, their second consecutive year of recovery following a […]

Fund managers take Saba concerns to City watchdog

(Hedgeweek) Fund managers have raised concerns with the City watchdog about US hedge fund Saba Capital’s plan to seize control of seven London-listed investment trusts, warning that shareholders could be left uncertain about the whereabouts of their investments, according to […]

Stock futures slide as Wall Street braces for Friday’s jobs report:

(CNBC) U.S. stock futures fell on Friday morning as investors anxiously await the release of new economic data on Friday. S&P 500 futures shed about 0.28%, and Nasdaq 100 futures fell 0.32%. Futures tied to the Dow Jones Industrial Average dropped 79 points, or 0.18%. […]

Friday’s jobs report could present a mixed view of the labor market.

(CNBC) The December jobs report is likely to provide only limited clarity on where the labor market is headed, with experts differing on how pronounced a slowdown there is in hiring. From a consensus view, economists expect the Bureau of […]

Fed Governor Bowman says December interest rate cut should be the last

(CNBC) Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further. In a speech to bankers in California that was part monetary policy, part regulation, Bowman said […]

Point72 launches private credit strategy led by former Blackstone exec

(Hedgeweek) Point72 Asset Management, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former Senior Managing Director at Blackstone, according to a report by Reuters citing […]

Hedge funds gain in December as macro and arbitrage funds lead gains into 2025

(Hedgeweek) Hedge funds gained in December to conclude a volatile year, navigating election and geopolitical risks, falling but persistent inflation, and surging cryptocurrency prices, with macro and arbitrage strategies leading the way, according to the latest data from HFR. To […]

Ex-Coatue Partner to launch new hedge fund with $3bn Millennium backing

(Hedgeweek) Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s  Millennium Management, according to a report by Bloomberg. To read […]

Microsoft confirms performance-based job cuts across departments

(CNBC) Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC. “At Microsoft we focus on high-performance talent,” a Microsoft spokesperson said in an email Wednesday. “We are always working on helping people […]

Stock futures inch higher after tech-driven sell-off:

(CNBC) U.S. stock futures ticked higher on Tuesday night. The action comes after a sharp decline in Big Tech stocks and renewed fears over the path of rate cuts spurred a sell-off on Wall Street. S&P 500 futures rose 0.1%, while Nasdaq […]

Bitcoin drops below $97,000 as Treasury yields pressure risk assets

(CNBC) Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly. The price of the flagship cryptocurrency was last lower by 5% at $96,525.50, according to Coin Metrics. Ether slid 8% and the broader market of cryptocurrencies, as […]

Anthropic in talks to raise funding at $60 billion valuation

(CNBC) Anthropic, the artificial intelligence startup founded by former OpenAI research executives, is in late-stage talks to raise as much as $2 billion at a $60 billion valuation. The funding round is being led by Lightspeed Venture Partners. Anthropic, which has […]