Monthly Archives: June 2023
What to know about crypto investing as regulators weigh the first spot bitcoin exchange-traded funds
(CNBC) Bitcoin has rallied amid news about possible spot bitcoin exchange-traded funds and other big names entering the digital currency space — and financial experts have tips for investors who want a piece of the action. The price of bitcoin […]
Eli Lilly to acquire Dice Therapeutics for $2.4 billion in autoimmune treatment push
(CNBC) Eli Lilly has struck a $2.4 billion deal to acquire Dice Therapeutics in a bid to bulk up its treatment portfolio for immune-related diseases. Eli Lilly will pay $48 per share in cash to buy Dice, representing around a […]
SEC Charges Private Equity Fund Adviser for Overcharging Fees and Failing To Disclose Fee Calculation Conflict
(HedgeCo.Net) The Securities and Exchange Commission has charged New York-based investment adviser Insight Venture Management LLC with charging excess management fees and failing to disclose a conflict of interest to investors relating to its fee calculations. To settle the SEC’s […]
Stock futures are little changed Tuesday night as market rally falters: Live updates
(CNBC) U.S. stock futures were near flat on Tuesday evening as investors took a breather from last week’s market rally. Futures tied to the Dow Jones Industrial Average slipped 21 points, or 0.06%. S&P 500 futures inched down by 0.06% […]
SoftBank to shift from ‘defense mode’ to ‘offense mode,’ says CEO Masayoshi Son
(CNBC) SoftBank Group chairman and CEO Masayoshi Son on Wednesday said that the Japanese investment firm plans to shift from “defense mode” to “offense mode” and wants to capitalize on the AI revolution. “Now, the time has come to shift […]
Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic
(CNBC) Singapore-based Grab Holdings is cutting over 1,000 jobs, its CEO said Tuesday, in a bid to manage costs and reorganize the company in a competitive landscape. In an email to staff, CEO Anthony Tan said the layoffs are a […]
Ford CEO says he didn’t really hesitate on the Tesla deal: ‘It’s good for customers’
(CNBC) Ford CEO Jim Farley says his team didn’t hesitate when it came to Ford’s partnership with Tesla because they liked the reliability and locations of the company’s charging network. Under the agreement between the two rival companies, Ford electric […]
Protium raises over $100m for new China-focused long-short fund
(Hedgeweek) Protium Capital, a hedge fund firm founded by former Hillhouse Capital Management fund manager Lu Ning, has raised between $100 million and $150 million for a new long-short equity fund, making it one of the largest China-focused hedge fund […]
SEC Secures Emergency Relief to Protect Binance.US Customers’ Assets
(Hedgeco.Net) The Securities and Exchange Commission has secured emergency relief in which the all the defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng Zhao agreed to repatriate to the […]
Stock futures inch lower as investors kick off holiday-shortened week of trading: Live updates
(CNBC) Stock futures ticked lower on Monday evening as investors looked ahead to a holiday-shortened week of trading. Futures tied to the Dow Jones Industrial Average slipped 93 points, or 0.3%, while S&P 500 futures pulled back 0.2%. Nasdaq 100 […]
Odey freezes more funds as FCA moves to restrict movement of assets
(Hedgeweek) Odey Asset Management (Odey AM) has suspended withdrawals from two more funds – the Special Situations and Odey Portfolio funds – in response to mounting redemption pressure following sexual assault allegations against its founder Crispin Odey, according to reports. […]
Blackstone Horizon boss to quit over health concerns
(Hedgeweek) Scott Bommer, the chief investment officer of Blackstone’s Horizon Fund – the growth strategy in the company’s Blackstone Alternative Asset Management (BAAM) hedge fund unit – is leaving the business for health reasons, according to a report by Reuters […]
