Monthly Archives: June 2023
Crypto hedge fund Arca axes 30% of staff
(CNBC) Ongoing challenges in the digital assets market, including regulatory uncertainty, have prompted Los Angeles-based cryptocurrency hedge fund Arca to lay off 30% of its staff, according to a report by CoinDesk. To read this article:
Binance U.S. clients have $2.2 billion ‘at significant risk’ after crypto exchange charged,
(CNBC) The $2.2 billion of U.S. customer assets held by Binance is at “significant risk” of being stolen by founder Changpeng Zhao unless a freezing order is in put place, federal regulators said in a filing Tuesday night, after the […]
Stock futures are flat after S&P 500 notches highest close since August: Live updates
(CNBC) Stocks futures were flat in overnight trading after the S&P 500 notched its highest closing level of 2023. The tail-end of earnings season pressed on with results from Dave & Buster’s and Stitch Fix. Dave & Buster’s gained about […]
Hedge funds ditch European stocks in favour of US and Japan holdings
(Hedgeweek) Hedge funds sold European equities last week to invest in stocks in the United States and Japan on the back of strong economic data boosting equity markets in both countries, according to a report by Reuters, citing client notes […]
KKR exec to run Marshall Wace’s US business
(Hedgeweek) London-headquartered hedge fund firm Marshall Wace has appointed Todd Builione, a partner and global head of private wealth at its private equity backer KKR, to run its US business in New York, according to a report by The Financial […]
JP Morgan Asset Management appoints interest rates expert as MD
(Hedgeweek) JP Morgan Asset Management has appointed interest rates expert Priya Misra as a managing director and portfolio manager on the Core Plus team in the firm’s Global Fixed Income, Currency & Commodities (GFICC) business. Misra, who will report to […]
SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao
(HedgeCo.Net) Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities. The Securities and Exchange Commission has charged Binance Holdings Ltd. (“Binance”), which operates […]
Australia’s central bank hikes rates by 25 basis points, defies expectations
(CNBC) The Reserve Bank of Australia on Tuesday again defied market expectations and raised its benchmark rate by 25 basis points to 4.1%. Economists polled by Reuters were widely expecting the central bank to hold its rates steady. The Australian […]
Stock futures are down slightly on Monday evening after rally takes a breather: Live updates
(CNBC) Stock futures are modestly lower Monday night as investors are coming off a losing session that took a small bite out of last week’s advance. Futures tied to the Dow Jones Industrial Average shed 30 points, or 0.1%. S&P […]
Bitcoin drops below $26,000 after SEC sues crypto exchange Binance
(CNBC) Cryptocurrency prices dropped Monday after the U.S. Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Bitcoin fell 5.5% to $25,662.50, its lowest level since March, according to Coin Metrics. Ether […]
Intel drops as Apple moves to its own silicon on all computers
(CNBC) Intel shares fell Monday as Apple said an upcoming Mac Pro computer will include a new homemade chip, representing the completion of the company’s effort to bring its own processors to its entire PC lineup. The M2 Ultra, which […]
Hedge funds and asset managers boost yen short positions
(Hedgeweek) Speculation that the Bank of Japan isn’t likely to change tack on its existing easy-money monetary policy anytime soon has prompted hedge fund and asset managers to up their bearish positions in the yen, according to a report by […]
