Monthly Archives: August 2023
Fund Administrator Charged For Missing Red Flags
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Theorem Fund Services LLC (TFS), a fund administrator based in Boca Raton, Florida, for failing to respond to red flags relating to a fraud against a private fund and its […]
Stock futures are little changed Monday night after S&P 500 ends four-day losing streak: Live updates
(CNBC) Stock futures were roughly flat Monday night. Futures tied to the Dow Jones Industrial Average ticked higher by 6 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures oscillated near the flat line. Earnings season continued, shaking up […]
Poor performance sees 13% of crypto hedge funds shut up shop in 2023
(Hedgeweek) Poor performance and difficulties in accessing banking services has seen aground 13% of crypto hedge funds shut up shop so far this year, according to a report by Bloomberg citing data from Swiss investment adviser 21e6 Capital. To read […]
Short-sellers sunk by bets against cruise lines and hotels
(Hedgeweek) Hedge funds have lost more than $6bn this year betting against cruise lines, including Royal Caribbean and Carnival – two of the 10 most heavily shorted companies in the S&P 500 – and hotels, after underestimating the resilience of […]
Credit and equity hedge funds on institutional investors most-wanted list
(Hedgeweek) Large institutional investors, including pension funds and insurance companies, are looking to up their allocations to credit and equity hedge fund strategies between now and the end of the year, according to a report by Reuters. To read this […]
Haidar’s rollercoaster ride continues with 14% July loss
(Hedgeweek) The rollercoaster ride at Haidar Capital Management continued in July with the firm’s flagship macro hedge fund, the Haidar Jupiter Fund, raking up a loss of 14% over the month, partly reversing its 27% surge in June, according to […]
China reports double-digit plunge in July exports and imports, missing expectations
(CNBC) China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms. That’s worse than what analysts had expected. A Reuters poll predicted a 12.5% decline in exports […]
SEC Charges Massachusetts Resident with $1.2 Million Offering Fraud and Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Brockton, Massachusetts resident Jose D. Rocha for running a Ponzi scheme in which he took approximately $1.2 million from 13 investors in the Cape Verdean community around the Boston area. […]
Goldman Sachs’ future hinges on a low-profile, high-growth business
(CNBC) Goldman Sachs is known as Wall Street’s top brand, a juggernaut employing some of the world’s best traders and investment bankers. But it’s facing an inflection point: Those high-profile businesses have fallen out of favor with investors since the […]
Stock futures inch higher as Wall Street comes off a losing week: Live updates
(CNBC) Stock futures rose modestly Sunday night as investors readied for a week with more corporate earnings and key inflation readings. Futures tied to the Dow Jones Industrial Average added 35 points, or 0.1%. S&P 500 futures and Nasdaq 100 […]
Tiger Global takes big stake in Apollo
(Hedgeweek) Tiger Global, the hedge fund firm founded by Chase Coleman in 2001, has built a big stake in private equity group Apollo Global as the firm pivots from the technology investments that have traditionally been its stock-in-trade, according to a […]
Outflows from Odey AM funds surpass $500m
(Hedgeweek) A total of $600m has now been withdrawn from Odey Asset Management’s funds in the wake of multiple allegations of sexual assault and misconduct levelled against the firm’s founder Crispin Odey, according to a report by MorningStar. To read […]
