Monthly Archives: June 2023
Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019
(CNBC) SEC Chair Gary Gensler, who is in the midst of a hefty crackdown on crypto companies, offered to serve as an advisor to Binance’s parent company in 2019, according to the lawyers for Binance and founder Changpeng Zhao. Documents […]
Stock futures are little changed on Wednesday night as rally hesitates: Live updates
(CNBC) Stock futures were flat on Wednesday evening, as investors await the next market catalyst. Futures linked to the S&P 500 ticked higher by 0.01%, while Nasdaq 100 futures inched up by 0.01%. Futures tied to the Dow Jones Industrial […]
GameStop fires CEO, names Ryan Cohen executive chairman; shares plummet
(CNBC) GameStop fired its CEO Matthew Furlong and appointed its board chairman Ryan Cohen as executive chairman effective immediately, the company said Wednesday. Shares of GameStop dropped more than 20% in extended trading after the video game retailer announced the […]
Citadel portfolios up in May
(Hedgeweek) US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio chalking up a return of 6.14% to the end of May, according to a report by Reuters. To […]
EFL approves hedge fund boss’s Birmingham City takeover
(Hedgeweek) US hedge fund manager Tom Wagner, the co-founder of Knighthead Capital Management, which oversees about $9 billion and focuses on event-driven investing and distressed credit, has had his takeover of Birmingham City FC apportioned by the English Football League […]
Coinbase Charged for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency
(Hedgeco.Net) Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program. The Securities and Exchange Commission has charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, […]
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 […]