Category Archives: Syndicated
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
(CNBC)Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most of these employees worked at the company’s Buffalo factory and a handful […]
Google terminates 28 employees after multi-city protests: Read the full memo
(CNBC) Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. […]
Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025
(CNBC) If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be interest rate reductions anytime soon. Now, Wall Street is wondering if the central bank will cut at all […]
New hedge fund managers adopting incentive allocation hurdles
(Hedgeweek) An increasing proportion of new hedge fund managers are launching with an incentive allocation hurdle, guaranteeing investors a baseline return before the manager earns a performance fee, according to the 2023 edition of the Seward & Kissel New Manager […]
Schonfeld yet to secure $3bn targeted for drawdown fund
Hedgeweek) Schonfeld Strategic Advisors, the multi-strategy hedge fund firm born in 2015 out of Steven Schonfeld’s proprietary trading-firm-turned family office, still hasn’t raised the $3bn it has been looking to raise since late last year, according to a report by […]
FSB publishes new “liquidity preparedness” proposals for hedge funds
(Hedgeweek) The Financial Stability Board (FSB) has proposed a new package of measures aimed at helping hedge funds and other non-banking sector investors better cope with margin and collateral calls in times of market stress, according to report by Bloomberg. […]
Stock futures are little changed after the S&P 500 registers third straight losing day: Live updates
(CNBC) U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses. Futures tied to the S&P 500 inched higher by 0.06%, while Nasdaq 100 futures gained 0.1%. Dow Jones […]
Element set to return $4bn in client cash
(Hedgeweek) Element Capital Management, the global macro hedge fund firm founded by Jeff Talpins, is planning to return around $4bn in external capital to clients as it looks to improve performance and focus on managing its own funds, according to […]
Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back
(CNBC) Venture capital firm Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This […]
Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand
(CNBC) Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But that’s not how investors treated the latest news out of Tesla. Shares of the electric […]
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
(CNBC) Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows […]
Hedge fund founder Shah accused of masterminding cum-ex fraud in London civil trial
(Hedgeweek) Hedge fund founder Sanjay Shah has been accused of masterminding a “meticulously pre-planned” cum-ex trading scheme that defrauded the Danish government of £1.4bn ($1.7bn) at a civil court case in London brought by Danish tax agency Skat. To read […]