Monthly Archives: August 2024
Stock futures rise slightly after S&P 500 notches best week of the year:
(CNBC) Stock futures inched higher in overnight trading Sunday after the S&P 500 registered its best week of 2024. Futures tied to the S&P 500 rose 0.1%, while futures connected to the Dow Jones Industrial Average added 30 points, or 0.1%. Nasdaq-100 futures edged up […]
How scammers convince Americans to drain their savings into crypto fraud schemes
(CNBC) More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off. “Pig butchering” scams earned the name from the idea that scammers use flattery and fake bonding to “fatten up” […]
British fintech Revolut valued at $45 billion in secondary share sale
(CNBC) British fintech startup Revolut on Friday said it was valued at $45 billion in a secondary share sale with existing and new investors. “This valuation reflects the strong financial performance recorded by the company in recent quarters as well […]
Elliott ramps up Southwest Airlines pressure
(Hedgeweek) Activist hedge fund firm Elliott Management is intensifying its challenge to the management of Southwest Airlines by launching a proxy battle aimed at securing 10 of the 15 board seats at the airline, according to a report by ABC […]
Citadel and DE Shaw cut Nvidia holdings ahead of market dip
(Hedgeweek) Hedge funds Citadel and DE Shaw significantly reduced their holdings in Nvidia, while Renaissance Technologies and Marshall Wace increased their positions, ahead of the recent stock market downturn, according to a report by the Financial Times. To read this […]
Stock futures are little changed as Wall Street heads for a winning week
(CNBC) Stock futures are near flat Thursday night as investors looked toward the end of a week that has ushered in a recovery rally. Dow Jones Industrial Average futures added 52 points, or 0.1%. S&P 500 futures and Nasdaq 100 […]
Judge approves review of $30m in bonus payments made to Weiss execs
(Hedgeweek) A comprehensive review of payments made to George Weiss and other executives at Weiss Multi-Strategy Advisers before the hedge fund’s bankruptcy earlier this year has been given the green light by a federal court judge following a request from […]
Twenty-Six Firms to Pay $390 Million Combined to Settle Charges for Recordkeeping Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread and longstanding failures by the firms and their personnel to maintain and preserve electronic communications. The firms admitted […]
Warren Buffett did something curious with his Apple stock holding
(CNBC) A coincidence or master plan? Warren Buffett now owns the exact same number of shares of Apple as he does Coca-Cola after slashing the tech holding by half. Many Buffett followers made the curious observation after a regulatory “13-F” filing Wednesday night revealed Berkshire Hathaway’s equity […]
Increasing numbers of investors planning to cut hedge fund allocations
(Hedgeweek) The number of institutional investors planning to reduce their portfolio exposure to hedge funds is on the increase, according to alternative investment data and insight provider Preqin’s Investor Outlook H2 2024 report. To read this article:
Goldman Sachs jumps into bitcoin ETFs and one hedge fund gets bullish on miners
(CNBC) Earlier this week, banks and hedge funds with more than $100 million in assets hit a deadline to file their second-quarter 13F reports, disclosing their investments and what they bought and sold over a three-month stretch. Goldman Sachs went big […]
Pershing Square makes first new stock bets in over a year with Nike and Brookfield wagers
(Hedgeweek) Pershing Square Capital Management, the hedge fund firm led by Bill Ackman, added new companies to its investment portfolio for the first time in over a year in the second quarter of 2024, with wagers on Nike and Brookfield, […]
