Monthly Archives: May 2023
Capstone ups Japan exposure
(Hedgeweek) The Bank of Japan’s decision to maintain negative interest rates has prompted US hedge fund firm Capstone Investment Advisors to increase its allocation of risk capital to the country to record levels in the hope that the central bank […]
Oasis opens up new ‘front’ in Wagamama battle
(Hedgeweek) Oasis Management Company, the activist hedge fund firm leading an investor revolt at Wagamama owner The Restaurant Group (TRG), has upped the stakes in its battle with the company’s senior management, claiming TRG has excluded “certain” shareholders from key […]
SEC Obtains Judgments Against Unregistered Brokers for Conducting a Fraudulent Offering of Crypto Asset Securities
(HedgeCo.Net) The U.S. District Court for the Northern District of Illinois has entered final judgments against Chicago Crypto Capital LLC (“CCC”), its owner, Brian Amoah, and former salesman Elbert “Al” Elliott, whom the SEC previously charged with violations of the […]
S&P 500 futures rise slightly on Thursday evening: Live updates
(CNBC) The S&P 500 ticked slightly higher in overnight trading Thursday as Wall Street continued monitoring the situation surrounding the debt ceiling. Futures connected to the Dow Jones Industrial Average added 17 points, or 0.05%, while S&P 500 and Nasdaq-100 […]
Hedge funds up 5.8% YTD following 1.1% April gain, says Citco
(Hedgeweek) Hedge funds recorded another positive month in April, with a total weighted average return of 1.1%, taking YTD returns to 5.58%, according to the latest data from Citco, a global alternative investment asset servicer with one $1.8 trillion in […]
Cohen “actually pretty bullish” on economic outlook
(Hedgeweek) Point72 Asset Management founder Steve Cohen believes investors are too worried about a market decline and has said he is “actually pretty bullish” about the current economic outlook, according to a report by Bloomberg. To read this article:
Emerging managers have tightened liquidity, Seward & Kissel study funds
(Hedgeweek) A new report from Seward & Kissel has highlighted a shift in hedge fund portfolio dynamics, amidst ongoing economic uncertainty, towards longer-held positions, with new managers tightening liquidity rules into 2022 as a result. To read this article:
Griffin’s Citadel Securities sues former employees over stolen “trade secrets”
(Hedgeweek) Citadel Securities, the market-making firm founded by Ken Griffin, the founder of hedge fund Citadel, is suing two former employees, claiming that they stole “trade secrets” when they set up their own market-making firm for cryptocurrencies, according to a […]
Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet
(CNBC) Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at the central bank’s next meeting in June. While noting some progress in bringing down inflation and cooling […]
Pershing Square takes new $1.1bn Alphabet stake
(CNBC) Pershing Square, the $15.5 billion hedge fund firm found by Bill Ackman, has built a new stake in Google parent Alphabet Inc worth $1.1 billion during the first quarter of the year, according to a report by Reuters. To […]
Deutsche Bank agrees to pay $75 million to Jeffrey Epstein victims to settle lawsuit
(CNBC) Deutsche Bank agreed to pay $75 million to victims of sex predator Jeffrey Epstein to settle a federal lawsuit accusing the bank of enabling and benefitting from its customer’s sex trafficking of young women, sources told CNBC on Wednesday […]
Stock futures are little changed as traders hope for a debt ceiling deal: Live updates
CNBC) U.S. stock futures were flat on Wednesday night as Wall Street hoped that the debt ceiling crisis would soon see a resolution. Dow Jones Industrial Average futures slipped by 28 points, or 0.08%. Futures linked to the S&P 500 and […]