Monthly Archives: August 2023

(Hedgeweek) Hedge funds have upped their exposure to the seven biggest technology company stocks to the highest level ever seen, just as Nvidia hit an all-time individual high after exceeding revenue expectations, according to a report by Reuters. To read […]

(Hedgeweek) Investors in Lone Pine Capital, the hedge fund firm founded by Steve Mandel, made investment redemptions totalling around $3bn in the 12 month period to the end of June, despite performance recovering from a challenging 2022, according to a […]

(Hedgeweek) Despite a predicted boom in allocations to alternative investments including hedge funds, private equity, private credit, and real estate, fundraising has slowed significantly in 2023, according to a report from the Financial Times. To read this article:

(Hedgeweek) Hedge funds are likely expanding their basis trade activity, which exploits the price differences between future and their underlying bonds, with short sales of US Treasury futures having surged, according to a report by Bloomberg. To read this article:

(CNBC) Nvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand distribution of its artificial intelligence technology. The stock’s torrid run continued, as it’s now up 234% in 2023, […]

(CNBC) Stock futures are flat Tuesday night after another positive session, marking the latest leg in an end-of-month rally as investors try to mitigate August’s losses. Futures tied to the Dow Jones Industrial Average gained 28 points, or 0.1%. S&P […]

(CNBC) The price of bitcoin surged Tuesday after the U.S. Court of Appeals for the DC Circuit ruled that the Securities and Exchange Commission was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin trust into an […]

(CNBC) The company takes spent electric vehicle batteries, breaks them down and uses the metals from them — including nickel, copper, cobalt and lithium — to produce new components that can go into EV batteries. One of Redwood’s major goals […]

(Hedgeweek) Improving optimism for emerging market equity futures has prompted hedge funds to increase their bullish positions in the asset class to the highest level seen since the pandemic three years ago, according to a report by Bloomberg. To read […]

(CNBC) Bitcoin’s trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market. An analysis of CryptoQuant data from both spot and derivatives exchanges shows the total […]

(CNBC) Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The transaction is expected to close in the fourth quarter of this year and “result in a gain” for […]