Category Archives: Syndicated
Multi-strat Magellan gears up for $700m Dubai launch
(Hedgeweek) Dubai-based Magellan Capital Holdings Ltd is set to launch a $700m multi-strategy hedge fund next month, in what will be one off the largest ever fund debuts in the United Arab Emirates, according to a report by Bloomberg. To […]
Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates
(CNBC) U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. Dow Jones Industrial Average futures slipped 15 points, or 0.04%. Futures tied to the S&P 500 flickered near the flatline, […]
Hedge funds outperformed S&P 500 in July, says Pivotal Path Report
(Hedgeweek) Data from research firm PivotalPath has highlighted that hedge funds outpaced the S&P500 in July, with strong returns driven by financial sector exposure as funds sought to diversify away from megacap technology stocks, according to a report by XM. […]
ExodusPoint’s assets shrink by $1bn in H1
(Hedgeweek) ExodusPoint Capital Management saw a $1bn decline in AUM during H1 2024 to $11.04bn as of 30 June, down from $12.02bn at the end of 2023, according to a report from Reuters. At its peak in December 2022, the […]
Edgar Bronfman submits $4.3 billion rival bid for Paramount Global,
(CNBC) Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid for acquiring National Amusements, the company that holds a controlling interest in entertainment giant Paramount Global, a person familiar with the matter told Reuters. The competing offer for the home of Paramount […]
GM lays off more than 1,000 salaried software and services employees
(CNBC) General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations The layoffs, including roughly 600 jobs at GM’s tech campus near Detroit, come less than […]
Citadel adds two former Segantii staff
(Hedgeweek) Citadel has added two former Segantii Capital Management employees – Andrew Pidgeon and Peter Christie – following the closure of the hedge fund firm amid allegations of insider trading against founder Simon Adler and other employees, according to a […]
Stock futures rise slightly after S&P 500 notches best week of the year:
(CNBC) Stock futures inched higher in overnight trading Sunday after the S&P 500 registered its best week of 2024. Futures tied to the S&P 500 rose 0.1%, while futures connected to the Dow Jones Industrial Average added 30 points, or 0.1%. Nasdaq-100 futures edged up […]
How scammers convince Americans to drain their savings into crypto fraud schemes
(CNBC) More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off. “Pig butchering” scams earned the name from the idea that scammers use flattery and fake bonding to “fatten up” […]
British fintech Revolut valued at $45 billion in secondary share sale
(CNBC) British fintech startup Revolut on Friday said it was valued at $45 billion in a secondary share sale with existing and new investors. “This valuation reflects the strong financial performance recorded by the company in recent quarters as well […]
Elliott ramps up Southwest Airlines pressure
(Hedgeweek) Activist hedge fund firm Elliott Management is intensifying its challenge to the management of Southwest Airlines by launching a proxy battle aimed at securing 10 of the 15 board seats at the airline, according to a report by ABC […]
Citadel and DE Shaw cut Nvidia holdings ahead of market dip
(Hedgeweek) Hedge funds Citadel and DE Shaw significantly reduced their holdings in Nvidia, while Renaissance Technologies and Marshall Wace increased their positions, ahead of the recent stock market downturn, according to a report by the Financial Times. To read this […]