Monthly Archives: June 2023
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 […]
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. […]