(CNBC) UBS on Tuesday reported a net profit of $1.8 billion for the first quarter of the year, smashing analyst expectations. It is the Swiss banking giant’s first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse in […]

(CNBC) Disney reports its fiscal second-quarter earnings before the bell Tuesday, and analysts will be paying attention to the company’s streaming subscriber growth and outlook, as well as visitation numbers at its theme parks. It’s been more than a year since […]

(Opalesque) The global asset management industry is showing some signs of recovery in 2023, with total assets under management rising 12% year-over-year to nearly $120 trillion, revealed a study. According to research by Boston Consulting Group, the industry’s revenues increased […]

(Hedgeweek) New York-based diversified financial services firm Clear Street has made several senior-level hires within the prime brokerage business of its institutional division, expanding its derivatives, algorithmic and cap intro teams. To read this article:

(Hedgeweek) A bond market basis trade that has attracted the attention of regulators concerned about financial stability risks has helped hedge fund Exodus Point to chalk up a gain of around 2% for the year to the end of March, […]

(Hedgeweek) Ai For Alpha, a fintech specialising in AI investment strategies, has launched its “CTA Flows Oracle” technology, which intends to leverage the firm’s hedge fund strategy replication tech to predict flows of managed futures funds across asset classes. To […]

(CNBC) U.S. stock futures ticked up Monday after the major averages ended the previous week in the green on a weaker-than-expected jobs report, which revived hopes of the Federal Reserve cutting interest rates soon.  Dow Jones Industrial Average futures rose 30 points, […]

(Hedgeweek) A regulatory crackdown in South Korea last year saw hedge funds Segantii Capital Management and Point72 Asset Management fined along with proprietary trading firm Jane Street Group and other investment firms, according to a report by Bloomberg. To read […]

(Hedgeweek) New York-based activist hedge fund TOMS Capital Investment Management has taken an undisclosed “significant” stake in Kellanova, a US multinational food manufacturing company formerly known as Kellogg Company with a market valuation of $21bn, according to a report by […]

(CNBC) An arch rivalry between one-time crypto titans was brought to a close at a federal courthouse in Seattle on Tuesday when Binance founder Changpeng Zhao was handed a sentence of four months in prison. A month earlier, on the […]

Hedgeweek) A regulatory crackdown in South Korea last year saw hedge funds Segantii Capital Management and Point72 Asset Management fined along with proprietary trading firm Jane Street Group and other investment firms, according to a report by Bloomberg. To read […]

(CNBC) “When you think about the potential for scamming people … if I was interested in investing in scamming, it’s going to be the growth industry of all time and it’s enabled, in a way” by AI, Buffett said at Berkshire […]