Monthly Archives: August 2024
‘Wizard of Oz’ Coffey among market turmoil winners
(Hedgeweek) Greg Coffey, the renowned Australian hedge fund manager whose performance record earned him the nickname the “Wizard of Oz,” has emerged as a major winner amid this month’s market sell-off, according to a report by the Financial Times citing […]
Stock futures fall after Wednesday’s afternoon market slide: Live updates
(CNBC) Stock market futures dipped on Wednesday evening as Wall Street sought to stabilize following several dramatic swings in recent days. Futures tied to the Dow Jones Industrial Average lost 112 points, or about 0.3%. S&P 500 futures slipped 0.5%, while Nasdaq 100 futures fell 0.7%. […]
Jamie Dimon says he still sees a recession on the horizon
(CNBC) JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When asked Dimon if he had changed his […]
Hedge funds suffered tech-stock losses prior to July sell-off
(Hedgeweek)As global markets tumbled in mid-July, some of the world’s largest equity hedge funds, including Light Street Capital Management, Pershing Square Capital Management, suffered significant losses, having invested heavily in popular tech company stocks that led the downturn, according to […]
Japan hedge funds bounce back from biggest daily losses with record single-day gains
(Hedgeweek) Having suffered a record 3.7% loss on Monday amid market turmoil prompted by disappointing US jobs data and last week’s Bank of Japan rate hike, Japan-focused hedge funds bounced back with their best ever single-day returns, according to a […]
Vista winds down hedge fund amid shift to private markets
(Hedgeweek) Vista Equity Partners has told investors that it has decided to wind down its hedge fund and related feeder funds due to a significant “structural shift” in markets favouring private assets, according to a report by Bloomberg. To read […]
Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
(CNBC) The company’s shares were down roughly 9% in aftermarket trading. Warner Bros. Discovery on Wednesday reported the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher […]
S&P 500 futures bounce after index posts worst day in nearly two years: Live updates
(CNBC) S&P 500 futures bounced in overnight trading after the broad index notched its worst day in nearly two years as global markets sold off. Futures tied to the S&P 500 rose 0.9%, while Nasdaq 100 futures rallied 1.3%. Futures connected to the Dow […]
Google Loses Landmark Antitrust Case Over Search
(CNBC) A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by […]
Wall Street’s ‘fear gauge’ — the VIX — hits highest level since the pandemic market plunge in 2020
(CNBC) A key measure of expected volatility in the stock market surged to its highest level in more than four years on Monday morning as global equities fell sharply. The Cboe Volatility Index, or VIX, briefly broke above 65 on Monday […]
San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
(CNBC) San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease. “Policy adjustments […]
Jain Global down slightly in first month of trading as rivals make small gains
(Hedgeweek) Jain Global, the hedge fund firm founded by former Millennium Management Co-CIO Bobby Jain ended its first month of trading with a small loss of 0.65%, while rival multi-strategy firms, including Millennium and Ken Griffin’s Citadel, managed small gains, […]
