Category Archives: Syndicated
Segantii to shutter and return capital as insider trading case escalates
(Hedgeweek) Simon Sadler’s $4.8bn Asian hedge fund Segantii Capital Management has said it will wind down and return capital to its investors “in an orderly manner”, with about 140 employees across Hong Kong, New York and London affected by the decision. […]
PEVC investments in cybersecurity jump by 91% to $8.51bn
(Opalesque) The announced value of private equity (PE) and venture capital investments (VC) in cybersecurity vendors between Jan. 1 and May 5 totaled $8.51 billion, jumping 91% from $4.46 billion during the same period in 2023, said a report. According […]
The Fed probably won’t be delivering any interest rate cuts this summer
(CNBC) Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of stronger-than-expected economic data coupled with fresh commentary from policymakers is pointing away […]
Stock futures are little changed after Dow posts worst session since March 2023: Live updates
(CNBC) Stock futures were little changed on Thursday evening, following the worst session in more than a year for the Dow Jones Industrial Average. Futures tied to the 30-stock Dow hovered near the flatline. S&P 500 futures ticked up by 0.06%, while Nasdaq 100 futures inched […]
Hedge funds cut Magnificent Seven exposure to invest in AI
(Hedeweek) Hedge funds are cutting their stakes in large-cap technology stocks, shifting their focus to a broader range of companies that are involved in, or stand to benefit from advancements in AI, according to analysis from Goldman Sachs. To read […]
SEC approves rule change to allow creation of ether ETFs
(CNBC)The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes less than six months after the Securities and Exchange Commission approved bitcoin ETFs. […]
Nvidia shares pass $1,000 for first time on AI-driven sales surge
(CNBC) Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates. Nvidia’s quarterly earnings report has become a way for investors to gauge the strength of the […]
Gramercy to generate $90m annually from 2023 Pogust Goodhead deal
(Hedgeweek) US-based emerging markets hedge fund Gramercy is expected to generate approximately $90m (AUD135m) annually from its 2023 litigation funding deal with Pogust Goodhead, according to a report by the Australian Financial Review. To read this article:
OpenAI sends internal memo releasing former employees from controversial exit agreements
(CNBC) OpenAI on Thursday backtracked on a controversial decision to, in effect, make former employees choose between signing a non-disparagement agreement that would never expire, or keeping their vested equity in the company. To read this article:
Nasdaq futures jump after AI-darling Nvidia issues strong forecast: Live updates
(CNBC) Nasdaq-100 futures rose on Wednesday evening as Wall Street assessed the latest quarterly results from market bellwether Nvidia.Nasdaq-100 futures jumped 0.4%, while S&P 500 futures added 0.2%. Futures tied to the Dow Jones Industrial Average dipped 53 points, or 0.1%. Chipmaker and artificial intelligence darling […]
JPMorgan CEO Jamie Dimon says U.S. could see a ‘hard landing,’ stagflation will be ‘worst outcome’
(CNBC) JPMorgan Chase’s chairman and CEO Jamie Dimon says the U.S. economy could see a “hard landing.” Dimon said the worst outcome for the U.S. economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment. […]
Global hedge funds increase Chinese equity holdings amid market rebound
(Hedgeweek) Global hedge funds have increased their holdings of Chinese equities for the fourth consecutive week, joining the growing number of investors anticipating a market rebound, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage […]