Category Archives: Uncategorized

Silvergate Capital to pay $50-Million Civil Penalty For Allegedly Misleading Investors about Compliance Program

(HedgeCo.Net) The Securities and Exchange Commission has charged Silvergate Capital Corporation, its former CEO Alan Lane, and former Chief Risk Officer (CRO) Kathleen Fraher with misleading investors about the strength of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and […]

Stock futures are flat as the market set to enter last week of June near a record: Live updates

(CNBC) Stock futures were flat in overnight trading Sunday as the market is set to enter the last week of June and 2024?s first half near record highs. Futures on the Dow Jones Industrial Average and S&P 500 futures were […]

Activist Starboard sues Autodesk in bid to mount proxy fight

(CNBC) Starboard Value sued software maker Autodesk on Monday to delay the company’s annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight. Starboard confirmed in a letter on Monday that it has a stake in Autodesk valued at […]

Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership

(CNBC) Elon Musk, the CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies on Monday after the iPhone maker announced a partnership with OpenAI. In a series of posts on his social media platform X, Musk shared concerns about whether […]

Stock futures are little changed as traders look ahead to Fed decision, inflation data: Live updates

(CNBC) U.S. stock futures were little changed Sunday night after a winning week, as traders looked ahead to the Federal Reserve’s interest rate decision and May inflation data. Dow Jones Industrial Average futures fell by 13 points. S&P 500 futures […]

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

(CNBC) OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group. The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. […]

Clear Street launches clearing services for market makers

(Hedgeweek) Clear Street, a New York-based diversified financial services firm, has launched clearing services for registered market makers in listed US equities and options, its first presence in the professional clearing market in close to a decade. To read this […]

Hedge funds up activity in crypto options, says Goldman

(Hedgeweek) The approval of ten new spot bitcoin ETFs in the United States in January has prompted an upsurge in hedge fund “interest and activities” in cryptocurrency markets, according to a report by Bloomberg citing Max Minton, Asia Pacific Head […]

Brevan Howard predicts digital assets boom

(Hedgeweek) Brevan Howard Asset Management is targeting “disproportionate returns” from digital assets, having predicted a boom in the space similar to that seen with the internet over the past 20 years, according to a report from Bloomberg. To read this […]

M1 sues Credit Suisse for $100m over margin call

(Hedgeweek) M1 Capital, a South Africa-domiciled specialist equity hedge fund investment firm, is suing its prime broker Credit Suisse for $100m over an allegedly incorrect margin call, according to a report by Financial News. To read this article:

Barclays ramps up hedge fund lending in Asia

(Hedgeweek) Barclays Plc is tapping an increasing appetite from Asia-based quantitative and multi-strategy hedge funds for prime financing services and has upped its lending for investment trades as a result, according to a report by Bloomberg. To read this article:

Investors lose billions as stock hedge funds tank again in 2022

(Hedgeweek) A number of once-high-flying stock hedge funds have racked up a second consecutive year of losses erasing billions of dollars of clients’ wealth in the process, according to a report by Bloomberg. To read this article: