Monthly Archives: March 2024
Former Twitter execs sue Musk and X for more than $128 million in severance
(CNBC) In their complaint, lawyers for the ex-Twitter executives say that after Musk backed himself into a deal to buy Twitter, now X Corp., for $44 billion, he took revenge against these executives personally, and tried to recover some of […]
Target will report its earnings before the bell. Here’s what to expect
(CNBC) As of Monday’s close, Target’s shares are up nearly 6% so far this year. That falls short of the approximately 8% gains of the S&P 500 during the same period. Target’s shares closed on Monday at $150.49 apiece, bringing […]
Millennium’s commodities bets earned $600m in 2023
(Hedgeweek) Commodities investments at Izzy Englander’s Millennium Management earned the multi-strategy major a solid $600m last year, but still far behind the bumper $4bn return for the asset class seen at rival Citadel, according to a report by Bloomberg. To […]
Hedge funds to benefit from bets on FTX claims
(Hedgeweek) A number of distressed debt investors, including Attestor, Farallon Capital and Oaktree Capital, are set to benefit from bets that creditors of FTX Capital will recover more than expected, following the collapse of the cryptocurrency exchange. To read this […]
Weiss to shutter multi-strat hedge fund after 46 years
(Hedgeweek) Weiss Multi-Strategy Advisers, a New York-based hedge fund firm started in 1978 by Founder and Chief Executive George Weiss, is winding down its operations after a challenging couple of years, according to a report by Bloomberg. To read this […]
JPMorgan adds to hedge fund offering with LayerOne acquisition
(Hedgeweek) JPMorgan Chase & Co has added to its service offering for hedge funds with the acquisition of LayerOne Financial, an investment management platform that was spun out from Fortress Investment Group, by its OEMS subsidiary Neovest, according to a […]
SEC Charges NY Advisory Firm for Disclosure Failures Ahead of Ryder Acquisition Bid
(Hedgeco.Net) The Securities and Exchange Commission has settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure to make timely ownership disclosures in the lead-up to its May 2022 acquisition bid for trucking fleet company […]
U.S. stock futures are little changed after Nasdaq rallies to record high: Live updates
(CNBC) U.S. stock futures were little changed Sunday night after the tech-heavy Nasdaq Composite posted a record-high Friday, breaking its 2021 record, as stocks attempt to continue their weeks-long rally. Futures tied to the S&P 500 fell marginally, while Nasdaq-100 […]
FTX-linked hedge fund relaunches under new name
(Hedgeweek) LedgerPrime, a quantitative and systematic digital assets hedge fund acquired by Sam Bankman-Fried’s now-defunct FTX in 2021, has relaunched as MNNC Group, a Cayman Islands-registered multi-strategy hedge fund, according to a report by Bloomberg. To read this article:
Millennium to appoint ex-Credit Suisse exec as Head of Equities, Asia
(Hedgeweek) Multi-strategy major Millennium management is set to name Ken Pang, the former Co-Head of Markets at Credit Suisse, as its new Head of Equities, Asia based in Hong Kong, according to a report by Risk.net citing people familiar with […]
OpenAI says Musk’s claims ‘stem from Elon’s regrets’ that he’s not part of company
(CNBC) OpenAI executives believe claims in a new lawsuit stem from Elon’s regrets about not being involved with the company today. “It is deeply disappointing to see Elon take this action against a company he helped start, especially given his […]
Telcos are barely done rolling out 5G networks — and they’re already talking about ‘5.5G’
(CNBC) 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. Telecommunications networks require standards. These are globally accepted technical rules that define how a technology works and its interoperability around the […]
