Monthly Archives: March 2024

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 […]

Reddit shares rise 30% to start week after social media company’s IPO

(CNBC) The shares, which debuted at $34 on Thursday, closed at $59.80. Reddit and existing investors raised roughly $750 million combined in the offering. Reddit shares soared 48% on their first day of trading on New York Stock Exchange. A […]

Digital assets funds flip to record weekly outflows

(Hedgeweek) Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article”

Stock futures slip ahead of shortened trading week: Live updates

(CNBC) Stock futures were slightly lower Sunday evening ahead of March’s last—and shortened—trading week. Futures tied to the Dow Jones Industrial Average edged lower by 37 points, or 0.1%. S&P futures and Nasdaq 100 futures lost nearly 0.1%. The market […]

Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’

(CNBC) Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions. Stellantis on Friday said the layoffs would affect […]

Inside Austin’s bitcoin underground

(CNBC) The Bitcoin Commons is, at once, many things. By day, it functions as an open plan, fluorescent-lit co-working space for the more corporate-minded bitcoin operators, but at night, it moonlights as a safe space for underground meet-ups of the […]

China’s new guidelines will block Intel and AMD chips in government computers: FT

(CNBC) China has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD.,The procurement guidelines, unveiled on Dec. 26, are now being enforced and will also impact Microsofts […]

Short seller Clark considering comeback

(Hedgeweek) Short seller Russell Clark, who made money for much of the past decade or so by shorting stocks, is considering a comeback two years after shuttering his hedge fund on the back of the longest running bull market in […]

Goldman Sachs raises over $700m for hedge fund co-investment fund

(Hedgeweek) Goldman Sachs Group’s asset management arm has raised over $700m in capital commitments for Union Bridge Partners I, a new opportunistic co-investment strategy that will focus on making investments alongside hedge funds and private credit firms. To read this […]

Global allocators added $172bn to alts in 2023, says Vidrio

(Hedgeweek) Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research […]

Stock futures tick higher following another record-setting day for the major averages:

(CNBC) U.S. stock futures inched higher on Thursday night after all three major averages registered new record closes. Dow Jones Industrial Average futures rose 39 points, or 0.1%. S&P 500 futures and Nasdaq 100 futuresboth climbed 0.1%. In extended trading, […]

Hedge fund market to reach $13tn globally by 2032

(Hedgeweek) The hedge fund market, which was valued at $4.8tn in 2022, is estimated to reach $13tn by 2032, exhibiting a CAGR of 10.7% between 2023 to 2032, according to a new report published by Allied Market Research. To read […]