Hedge Fund News From HedgeCo.Net

(CNBC) Futures tied to the Dow Jones Industrial Average traded near flat Friday, after the preceding session brought much fanfare, with the blue-chip average briefly touching the key 40,000 milestone for the first time. Futures connected to the 30-stock index dipped […]

(Hedgeweek) Quant hedge fund Renaissance Technologies was positioned to benefit from the meme stock mania sweeping the US this week, having added a new long position in GameStop and significantly increased its position in AMC Entertainment during Q1, according to […]

(Hedgeweek) The world’s largest futures exchange CME Group is aiming to capitalise on this year’s surge in money managers demand for cryptocurrency exposure with the launch of bitcoin spot trading on its platform, according to a report by the Financial […]

(CNBC) Reddit shares surged 11% in extended trading on Thursday after the social media company announced a partnership with OpenAI that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content. As part of the deal, OpenAI will gain access to Reddit’s Data […]

(Hedgeweek) Hyperion Decimus, a digital asset management firm and a sponsor of a multi-strategy crypto hedge fund, has launched the HD CoinDesk Acheilus Fund, a strategy that will invest in digital assets leveraging institutional grade fiduciary management. To read this […]

(CNBC) Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc’s strict online content law over child safety risks. The European Commission, the EU’s executive body, said in a statement […]

(CNBC) Stock futures were near flat Wednesday evening after a lighter-than-expected inflation reading propelled the major averages to record highs. Futures tied to the Dow Jones Industrial Average added 32 points, or 0.08%. S&P 500 futures ticked higher by 0.06%, while Nasdaq 100 futures advanced 0.1%. […]

(CNBC) Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The property and casualty insurer became Berkshire’s […]

(CNBC) Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its best day since March 25. It […]

(CNBC) Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and […]

(CNBC) Cisco’s revenue declined by about 13% year over year in the quarter, which ended on April 27, according to a statement. That’s the steepest slide since 2009. Net income fell 41% to $1.89 billion, or 46 cents per share, […]

(CNBC) Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. The company also said it would launch its own advertising platform […]