Monthly Archives: August 2024
Hedge funds and institutional investors warm up to Bitcoin ETFs
(Opalesque) Bitcoin ETFs are increasingly being held by hedge funds, mutual funds, and other institutional investors, easing concerns that the cryptocurrency asset would remain a fringe investment, said a survey. The number of institutional investors holding bitcoin ETFs rose 14% […]
Nvidia partner says it can cut data center energy use by 50%
(CNBC) The artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool.The HyperCubes contain servers fitted with Nvidia processors which are submerged in a synthetic oil called polyalphaolefin […]
Stock futures are little changed after Fed signals rate cuts are imminent:
(CNBC) Stock futures were little changed on Sunday as investors look to push equities back to record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming. Futures tied to the S&P 500 slipped 0.1%, while Nasdaq 100 […]
Crypto industry accounts for almost half of corporate donations in 2024 election
(CNBC) As the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to […]
Hedge funds accelerate stock sales despite market rebound
(Hedgeweek) Hedge funds are offloading stocks at their fastest pace in over two years, even as markets show signs of recovery, with US funds selling equities at levels not seen since Russia’s invasion of Ukraine in March 2022, according to […]
Hedge funds begin to unwind Magnificent Seven tech stock positions
(Hedgeweek) Hedge funds, which have been heavily concentrated in the so-called “Magnificent Seven” tech stocks, are now gradually reducing their exposure to these high-flying companies, according to a report by the Financial Times citing analysis by Goldman Sachs. To read […]
Family offices up hedge fund investments
(Hedgeweek) Family offices are ramping up their investments in hedge funds, with allocations significantly increasing during the second quarter of 2024, according to a report by AlternativesWatch citing new analysis by Citi Private Bank. To read this article:
LoCorr Funds launches Hedged Core ’40 Act fund
(Hedgeweek)LoCorr Funds, a specialist in low-correlating alternative investments, has launched the new Hedged Core Fund, a ’40 Act investment vehicle which, according to a press statement, will ‘tap into the expertise of top-tier institutional money managers’. To read this article:
Stock futures inch up with all eyes on Powell’s key Jackson Hole speech: Live updates
(CNBC) Stock futures rose on Friday morning as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts. Futures on the Dow Jones Industrial Average gained 85 points, or 0.21%. S&P 500 […]
Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole
(CNBC) For all the attention being paid to Federal Reserve Chair Jerome Powell’s policy speech Friday, the chances of it containing any startling news seem remote. After all, the market has its mind made up: The Fed is going to start […]
Hedge funds tap DeepMind AI talent pool
(Hedgeweek) Multi-strategy hedge fund major Balyasny Capital Management and New York-based quant SquarePoint Capital have both tapped the talent pool at Google DeepMind as they look to bolster their AI capabilities, according to a report by eFinancial Careers. To read […]
Hedge funds up 0.6% in July, says Citco
(CNBC) Hedge fund performance improved in July to an average weighted return of 0.6%, up from 0.4% in the previous month, with over two-thirds of strategies ending the month in positive territory, according to the latest Monthly Hedge Fund Update […]
