Monthly Archives: August 2022
Stock futures fall as Wall Street looks ahead to Jackson Hole
(CNBC) U.S. stock futures fell on Sunday night following a halt in the summer rally last week, as fears of aggressive interest rate hikes returned to Wall Street. Dow Jones Industrial Average futures slid by 93 points, or 0.28%. S&P […]
Hedge fund gains trail S&P500 in July
(Hedgeweek) PivotalPath’s Composite Index, which tracks hedge funds of various strategies, rose 0.9% in July, way behind the 9% jump of the S&P 500 in July, according to a report by Reuters. Year-to-date though, hedge funds – as tracked by the […]
FTX grew revenue 1,000% during the crypto craze, leaked financials show
(CNBC) FTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to internal documents seen by CNBC. The audited financials give a rare glimpse into the […]
Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares
(CNBC) Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped 10% on the news to close at $71.29 apiece, pushing their 2022 gains to more than […]
Record inflows at macro hedge fund LHG Capital push AUM to over $750m
(Hedgeweek) LHG Capital Management (LHG), a hedge fund firm focused on global macro investment strategies, received over US$600 million in net inflows in 2022, pushing the firm’s total assets under management to over $750 million in August 2022. To read […]
Barred Broker and His Company Charged with Defrauding Older Americans
(HedgeCo.Net) The Securities and Exchange Commission has charged Global Business Development and Consulting Corp. (Global) and its owner, Anthony J. Mastroianni, Jr., in connection with a $1.2 million fraudulent promissory note scheme targeting older Americans. According to the SEC’s complaint, […]
Stock futures are flat as S&P 500 takes aim at fifth straight winning week
(CNBC) Stock futures were little changed on Friday morning as the S&P 500 looked to grind out another positive week. Futures for the S&P 500 were flat. Futures tied to the Nasdaq 100 the Dow Jones Industrial Average were also […]
Asset managers on alert after ‘WhatsApp’ crackdown on banks
(Reuters) Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down […]
Meme stock Bed Bath & Beyond sinks after investor Cohen’s exit
(Reuters) Bed Bath & Beyond Inc (BBBY.O) shares tumbled 35% after the bell on Thursday as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake following a stunning rally in the meme stock this month. […]
Bridgewater cuts short positions in European companies
(Reuters) – Bridgewater Associates has cut most of its disclosed mammoth bets against European stocks, according to data group Breakout Point, using the hedge fund’s public disclosures. In July, Bridgewater’s big shorts against stocks in more than 50 European companies […]
Ether is up 100% since its bottom in June, massively outperforming bitcoin
(CNBC) Since finding a bottom in mid-June, ether has massively outperformed bitcoin as investors anticipate a major upgrade to the ethereum blockchain. Bitcoin hit a low of $17,601 on June 19 and is up around 31% since then as of […]
Lawyers tap hedge funds in bid to seize sanctioned Russian assets
(Hedgeweek) Lawyers led by McCue Jury & Partners and Mishcon de Reya LLP are aiming to go after billions of dollars of sanctioned Russian assets with the help of investments from hedge funds, family offices and litigation finance firms, according […]
