Monthly Archives: August 2024
Target will report earnings before the bell. Here’s what to expect
(CNBC) Target leaders said in May that the company was on track to return to sales growth in the second quarter. Target said comparable sales for the full year would range from flat to up 2%, and adjusted earnings per share would […]
CTAs moving back into Japanese equities, says JP Morgan
(Hedgeweek) Trend-following commodity trading adviser hedge funds have shifted their stance on Japanese equities, moving away from a bearish outlook to begin buying again late last week, according to a report by Channel News Asia. To read this article:
Recent volatility spike was a ‘huge overreaction,’ but expect more ahead, UBS strategist says
(CNBC) This spike in volatility was a “huge overreaction,” Gerry Fowler, head of European equity strategy and global derivative strategy at UBS on Tuesday. UBS had been expecting volatility levels to increase from levels seen earlier in the year, he […]
Multi-strat Magellan gears up for $700m Dubai launch
(Hedgeweek) Dubai-based Magellan Capital Holdings Ltd is set to launch a $700m multi-strategy hedge fund next month, in what will be one off the largest ever fund debuts in the United Arab Emirates, according to a report by Bloomberg. To […]
Carl Icahn Charged with hiding billions in loans backed by IEP stock
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal margin […]
Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates
(CNBC) U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. Dow Jones Industrial Average futures slipped 15 points, or 0.04%. Futures tied to the S&P 500 flickered near the flatline, […]
Hedge funds outperformed S&P 500 in July, says Pivotal Path Report
(Hedgeweek) Data from research firm PivotalPath has highlighted that hedge funds outpaced the S&P500 in July, with strong returns driven by financial sector exposure as funds sought to diversify away from megacap technology stocks, according to a report by XM. […]
ExodusPoint’s assets shrink by $1bn in H1
(Hedgeweek) ExodusPoint Capital Management saw a $1bn decline in AUM during H1 2024 to $11.04bn as of 30 June, down from $12.02bn at the end of 2023, according to a report from Reuters. At its peak in December 2022, the […]
Edgar Bronfman submits $4.3 billion rival bid for Paramount Global,
(CNBC) Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid for acquiring National Amusements, the company that holds a controlling interest in entertainment giant Paramount Global, a person familiar with the matter told Reuters. The competing offer for the home of Paramount […]
GM lays off more than 1,000 salaried software and services employees
(CNBC) General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations The layoffs, including roughly 600 jobs at GM’s tech campus near Detroit, come less than […]
Citadel adds two former Segantii staff
(Hedgeweek) Citadel has added two former Segantii Capital Management employees – Andrew Pidgeon and Peter Christie – following the closure of the hedge fund firm amid allegations of insider trading against founder Simon Adler and other employees, according to a […]
Russell Todd Burkhalter and His Atlanta-Firm Charged With $300 Million Ponzi Scheme
(Hedgeco.Net) The Securities and Exchange Commission today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real estate […]
