Monthly Archives: May 2023
Stock futures are flat after Dow notches best month since January
(CNBC) U.S. stock futures were flat in overnight trading Sunday after the major averages logged gains for April, and the Dow Jones Industrial Average notched its best month since January. Futures tied to the Dow dipped 30 points, while S&P […]
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
(CNBC) U.S. regulators have asked banks for their best and final takeover offers for First Republic in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders. JPMorgan Chase and PNC are likely […]
Dubai to be global hedge fund hub as 60 firms eye DIFC move
(Hedgeweek) Dubai is on the way to becoming a global hedge fun hub with more than 60 firms said to be currently in discussions to establish a presence in the city’s Dubai International Finance Centre, according to a new report […]
Jack Dorsey criticizes Elon Musk’s leadership at Twitter: ‘It all went south’
(CNBC) Twitter’s former CEO Jack Dorsey has openly criticized Elon Musk’s leadership of the company in a series of social media posts writing that “it all went south” and Musk “should have walked away” from the acquisition. Users of Bluesky, a […]
Point72 offering $300k salary to lure quant teacher
(Hedgeweek) Steve Cohen’s Point72 has demonstrated the value it places on nurturing the next generation of quant analysts, by offering a bumper $300k salary for a teacher to educate its up and coming graduate trainees, according to a report by […]
Investment Adviser and Its Principals Charged with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Rancho Santa Fe, California investment adviser Cornerstone Acquisition & Management Company LLC (“Cornerstone”), its chief executive officer, portfolio manager, and chief compliance officer, Derren Lee Geiger, and its chief financial […]
Investors pull $5.2bn from hedge funds in April, concentration in positive flows on the rise
(Opalesque) Investors pulled $5.20 billion from the global hedge fund business in April, while industry AUM continued to rise to $3.624 trillion based on performance gains, according to the just-released April 2022 eVestment Hedge Fund Asset Flows Report. While the […]
S&P 500 futures rise following last week’s bounce
(CNBC) S&P 500 futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures gained 36 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.8%, respectively. The […]
Goldman says signs that inflation is peaking could be positive for stocks
(CNBC) Signs that inflation is at least starting to abate from a 40-year high could be a positive for stocks, according to Goldman Sachs. Markets rallied Friday as a government report showed the pace of inflation slowed a bit in […]
Stocks could build on gains in the week ahead as investors await Friday’s jobs report
(CNBC) Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indice scored big gains in the past week, each rising higher than 6%. Both the S&P […]
Hedge funds and asset managers adopt different approaches to trading Treasuries
(Hedgeweek) Hedge fund managers are adopting a different approach to asset managers when it comes to trading US treasuries, according to a report by Bloomberg. To read this article:
SEC Halts Alleged Ongoing $39 Million Fraud by Hedge Fund Adviser
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Detroit-based EIA All Weather Alpha Fund I Partners LLC (EIA) and its sole owner, Andrew M. Middlebrooks, for allegedly engaging in a multi-year scheme that included the misappropriation and […]