Monthly Archives: August 2022

(CNBC) Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy chain continued to struggle with the wrong mix of sizes and styles. […]

(CNBC) Bitcoin could be poised for outsized gains if recent technical signals are to be believed. Investors have been searching for a bottom to bitcoin since the cryptocurrency lost more than 60% of its value from the all-time high of […]

(Hedgeweek) Allocations to hedge funds are likely to increase in the second half of the year, while higher-risk venture capital and private equity allocations are likely to suffer, according to Preqin’s H2 2022 Investor Outlook report. To read this article:

(CNBC) U.S. stock futures were flat on Wednesday night after all three major averages ended higher during the daily trading session. Dow Jones Industrial Average futures shed 7 points, or 0.02%. S&P 500 and Nasdaq 100 futures climbed 0.11% and […]

(CNBC) Salesforce reported earnings and revenue that topped analysts’ estimates but gave a disappointing forecast for fiscal 2023. The stock slid 7% in extended trading on Wednesday. The enterprise software maker said its board approved a $10 billion stock buyback […]

(CNBC) Nvidia reported second quarter earnings that missed Wall Street expectations for revenue and earnings per share. The report is in line with Nvidia’s preliminary earnings two weeks ago. The chipmaker warned that it would miss Wall Street estimates and […]

(Hedgeweek) Julian Robertson, founder of Tiger Management and the mentor to a generation of ‘Tiger Cub’ hedge fund managers, has died at the age of 90. To read this article:

(Hedgeweek) Some, but not all, US tech stocks are back in favour with hedge funds, according to a report by Bloomberg, with managers betting big on megacaps while reducing their overall holdings. To read this article:

(Opalesque) Alternative investments fintech iCapital has purchased UBS Fund Advisor, the wirehouse’s legacy proprietary U.S. alternative investment manager and feeder fund platform. The platform generally referred to as “AlphaKeys Funds,” represents more than US$7 billion in client assets. To read […]

(CNBC) As crypto exchange Coinbase faces industry challenges and economic headwinds, the company is taking a close look at where it can cut costs. Coinbase shares have lost more than 70% of their value this year as the company has […]

(Hedgeweek) Hedge funds and liquid alts strategies continued to provide investors with a significant source of portfolio diversification and returns in Q2 despite public market turbulence. Multi-asset manager equity exposure has dropped to less than 32% (three percentage points below the […]