Monthly Archives: June 2024
Prime broker challengers targeting smaller hedge funds neglected by major banks
(Hedgeweek) Prime broker challengers like Cantor Fitzgerald, Interactive Brokers and StoneX are gaining ground as they seek to attract smaller hedge funds that are often underserved by major banks, according to a report by Financial News. To read this article:
Stock futures are flat as the market set to enter last week of June near a record: Live updates
(CNBC) Stock futures were flat in overnight trading Sunday as the market is set to enter the last week of June and 2024?s first half near record highs. Futures on the Dow Jones Industrial Average and S&P 500 futures were […]
Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
(CNBC) Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. The other is Nvidia, which for a time last week, surpassed Microsoft to become the largest […]
Starboard loses initial legal fight against Autodesk, but the battle may just be beginning
(CNBC) The Delaware Chancery Court ruled against Starboard on June 20, but the activist still thinks that Autodesk requires board enhancement, as well as improved growth and profitability through operational performance, capital allocation policies and investor communications. To read this article:
The stock market is in its longest stretch without a 2% sell-off since the financial crisis
(CNBC) Wall Street’s climb to record highs has come with conspicuously little volatility. The S&P 500 has gone 377 days without a 2.05% sell-off. That’s the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by […]
Investors shifting to private credit as bonds lose hedging appeal, says Bobby Jain
(Hedgeweek) Bobby Jain, founder and CEO of New York-based hedge fund firm Jain Global, said that hedge funds face growing competition from private credit firms for investor capital, on a panel at the UBS Singapore Family Wealth Forum on Thursday, […]
CPPIB and Temasek back hedge fund Arrowpoint, joining Blackstone
(Hedgeweek) Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, has secured investment from the Canada Pension Plan Investment Board and a unit of Singapore’s Temasek Holdings, according to a report by Reuters. To read this article:
Electron Capital Partners fund rebounds from 2023 losses
(Hedgeweek) Electron Capital Partners’ Global Fund is poised for its best performance in four years, rebounding from last year’s losses with a strong start in 2024, according to a report by Institutional Investor. To read this article:
Convicted hedge fund manager Martin Shkreli claims collaboration with Barron Trump on DJT crypto token
(Hedgeweek) Martin Shkreli, the co-founder of hedge funds Elea Capital, MSMB Capital Management and MSMB Healthcare who was convicted of securities fraud, has claimed that he and the youngest son of former President Donald Trump are behind the creation of […]
Fixed income arbitrage sees best performance for May, says Citco
(Hedgeweek) Fixed income arbitrage and global macro strategies were May’s top performers with weighted average returns of 2.7% and 2.6% respectively, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer. To read […]
Treasury yields retreat after data hints at slowing economy
(CNBC) U.S. Treasury bond yields were slightly down on Friday as investors pondered the latest economic data for signs of a slowing economy. The 10-year Treasury yield was 2 basis points lower at 4.2302%. The 2-year Treasury note yield was […]
Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer
(CNBC) Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal. To read this […]
