Monthly Archives: August 2024
Two Sigma’s feuding founders step down as Co-CEOs
(Hedgeweek) John Overdeck and David Siegel, the feuding Co-Founders and Co-Chairmen of hedge fund Two Sigma, are to step down from the day-to-management of the firm, and are handing over control to two new Co-Chief Executive Officers. To read this […]
Hilbert Group and Xapo Bank partner to launch $200m bitcoin hedge fund
(Hedgeweek) Hilbert Group AB, through its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank, a prominent global financial institution, to launch a new $200m bitcoin-denominated hedge fund. To read this article:
S&P 500 futures tick lower as Wall Street looks toward Nvidia earnings:
(CNBC) S&P 500 futures inched lower Tuesday night as investors waited in anticipation for chipmaker Nvidia’s quarterly earnings announcement Wednesday after the bell. Futures tied to the broad market index slipped 0.16%, while Nasdaq 100 futures dropped 0.31%. Dow Jones Industrial Average futures lost 18 […]
Nvidia is the world’s ‘most important stock,’ adding pressure to earnings report
(CNBC) With the chipmaker set to report quarterly results Wednesday, the stock’s volatility is top of mind for Wall Street. Any indication that AI demand is waning or that a leading cloud customer is modestly tightening its belt potentially translates […]
Cryptocurrencies tumble amid a wave of liquidations, bitcoin falls under $60,000
(CNBC) Cryptocurrencies fell Tuesday evening as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange. The price of bitcoin was last lower by 6.2% at $59,504.68, according to Coin Metrics. Ether tumbled more than 8% to $2,457.61. “Crypto markets moved […]
Hybe, K-pop’s largest agency, gains $282 million in market cap after sublabel CEO steps down
(CNBC) Shares of Kospi-listed Hybe popped as much as 4.97% on Wednesday after Min Hee-jin, the former CEO of sublabel ADOR, stepped down on Tuesday after market hours. This represented a gain of about 376.02 billion won ($282.05 million) in […]
Bearish hedge fund bets on US two-year and 10-year note futures at record level
(Hedgeweek) Bearish hedge fund positions on US two-year and 10-year Treasury note futures have surged to record levels, according to a report by Reuters, citing data released by the Commodity Futures Treading Commission (CFTC). To read this article:
Elliott ramps up pressure for Southwest Airlines leadership overhaul
(Hedgeweek) Elliott Investment Management, the activist hedge fund with a significant stake in Southwest Airlines, has issued a stern warning to the airline – change leadership or face a potential proxy fight – ahead of a first meeting between the […]
SEC Charges Brothers Jonathan and Tanner Adam with $60 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has obtained emergency asset freezes against Jonathan Adam, a resident of Angleton, Texas, and his brother, Tanner Adam, a resident of Miami, Florida, and against their respective entities, GCZ Global LLC and Triten Financial […]
Stock futures mixed after Dow’s record close: Live updates
(CNBC) Stock futures were mixed Tuesday after a slide in technology stocks pressured the S&P 500 and Nasdaq Composite, while the Dow Jones Industrial Average closed at a record high. Futures tied to the Dow Jones Industrial Average climbed 65 points or […]
Bitcoin rally creates 84,000 crypto billionaires in a year
(CNBC) The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to a new report. There are now 172,300 individuals worldwide holding more than $1 million […]
Apple to replace CFO Luca Maestri on Jan. 1
(CNBC) Apple announced Monday that it will replace Chief Financial Officer Luca Maestri on Jan. 1 with current Apple insider Kevan Parekh. Maestri will continue to lead teams focusing on IT, security and real estate development, Apple said. Parekh, the incoming CFO, […]
