Monthly Archives: August 2024

(Hedgeweek) Despite making a loss of $21m in 2023, after seeing a profit of $77m in the previous year, hedge fund Point72 Asset Management’s London subsidiary Point72 UK Limited, has upped its headcount by 30%, according to a report by […]

(CNBC) Zoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected results for the second quarter and raised its full-year guidance. The stock rose 13% to close at $68.04. Shares are still down 5.4% […]

(CNBC) Futures tied to the Dow Jones Industrial Average dropped 26 points, or 0.06%. S&P 500 futures were little 0.06% down, while Nasdaq 100 futures inched down 0.03%. In after-hours trading, software company Snowflake saw its shares drop 8% even after it beat quarterly expectations and slightly raised its full-year […]

(CNBC) Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 […]

(CNBC) Ryan Salame, a former top lieutenant at the failed cryptocurrency exchange FTX, asked a New York federal judge Wednesday to void his guilty plea to campaign finance and money-transmitting crimes, saying prosecutors are reneging on a key element of his plea agreement. To […]

(Hedgeweek) Mega-cap tech stocks remain the cornerstone of hedge funds’ top 20 equity positions, according to a report by MarketWatch citing recent analysis of 332 money managers with in excess of $1bn in AUM. To read this article:

(Hedgeweek) David Goel, a former protégé of Tiger Management founder Julian Robertson, has decided to close his $11bn hedge fund firm Matrix Capital Management and return client cash, due to personal health issues, according to a report by Bloomberg. To […]

(Hedgeweek) US public pension plans with long-standing allocations to hedge fund strategies, including the Virginia Retirement System and the Texas County and District Retirement System, have reported strong gains as of June amid renewed interest in the asset class from […]

(Hedgeweek) Citigroup Inc has observed a significant shift in carry trade strategies, with hedge funds increasingly borrowing US dollars rather than Japanese yen to invest in emerging-market currencies, according to a report by Bloomberg. To read this article:

(CNBC) Stock futures were up Wednesday morning as traders looked ahead to minutes from the Federal Reserve’s latest policy meeting, seeking further insight into the prospect of an interest rate cut. Futures tied to the Dow Jones Industrial Average added 67 points, […]

(Hedgeweek) Digital asset investment funds saw minor inflows last week totalling $30m, as recent macroeconomic data implied the US Federal Reserve is less likely to cut interest rates by 50 basis points in September, according to CoinShares. To read this […]