Monthly Archives: June 2023
Barclays ramps up hedge fund lending in Asia
(Hedgeweek) Barclays Plc is tapping an increasing appetite from Asia-based quantitative and multi-strategy hedge funds for prime financing services and has upped its lending for investment trades as a result, according to a report by Bloomberg. To read this article:
Tiger Global struggling to attract cash for new VC fund
(Hedgeweek) Tiger Global Management LLC is struggling to attract commitments for its latest venture capital investment vehicle, with the hedge fund firm having so far secured about a third of its $6 billion target, according to a report by Bloomberg. […]
Ohio Investment Adviser Charged with Misappropriating $1.3 Million from a Retail Investor
(HedgeCo.Net) The Securities and Exchange Commission has charged Patrick Thayer of Cincinnati, Ohio, previously a dually-registered representative and investment advisory representative, with misappropriating more than $1.3 million from an advisory client. The SEC’s complaint alleges that in November 2013, Thayer […]
Hedge funds positive about digital/crypto asset markets, says new study
(Hedgeweek) Hedge funds overwhelmingly regard digital assets as a major part of the investment landscape, according to a new study by Laser Digital, Nomura’s digital asset subsidiary, with 98% of those surveyed seeing digital assets as an investment diversification opportunity […]
Citadel looks to credit bets as US recession looms
(Hedgeweek) The prospect of the US economy going into recession later this year, has prompted Citadel boss Ken Griffin, whose firm racked up a record $16 billion return for clients last year, to increase his focus on credit trading, according […]
Odey AM in “advanced discussions” to offload funds
(Hedgeweek)Odey Asset Management (Odey AM) is in “advanced discussions” to sell off some of its funds and move staff to other asset managers in the wake of sexual misconduct allegations against founder Crispin Odey, according to a report by Reuters. […]
Stock futures slip, but Wall Street looks toward winning week: Live updates
(CNBC) Stock futures inched lower Thursday night as investors shifted focus from the Federal Reserve policy meeting earlier in the week to the next piece of economic data due Friday morning. Futures tied to the Dow Jones Industrial Average lost […]
Microsoft’s stock hits record after executives predict $10 billion in annual A.I. revenue
(CNBC) Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker’s growth prospects in artificial intelligence. The stock rose 3.2% to close at $348.10, topping its prior all-time high reached in November 2021, the […]
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
(CNBC) Asset management giant BlackRock took the first steps Thursday to launch a spot bitcoin exchange-traded fund, which has long been a point of contention between crypto advocates and federal regulators. The firm filed an application with the U.S. Securities […]
Fed holds off on rate hike, but says two more are coming later this year
(CNBC) The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10. But the decision by the Federal Open Market Committee to […]
Fed recap: Breaking down the market’s reaction to the Fed’s pause and all of Powell’s key comments
(CNBC) The Federal Reserve held rates steady in June, keeping the benchmark funds rate at a range of 5% to 5.25%. However, the central bank’s dot plot indicated that two more hikes are ahead. At his press conference, Fed Chair […]
Oracle hits record after 50% surge in 2023, defying tech struggles
(CNBC) Oracle is having a moment. For years, the database software developer lagged behind tech rivals in building cloud technology that met the demands of the modern-day enterprise. But that’s changing, and Wall Street is quite pleased with what it […]
