Monthly Archives: September 2024
SEC Charges Advisory Firm With Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against Florida-based GQG Partners LLC, a registered investment adviser, for entering into agreements with candidates for employment and a former employee that made it more difficult for them to report […]
Stock futures are little changed to kick off final session of a strong month and quarter: Live updates
(CNBC) U.S. stock futures were flat to kick off the final trading session of September after the major averages rose to their third consecutive week of gains. Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures added […]
Elliott eyes special shareholder meeting in bid to oust Southwest CEO
(Hedgeweek) Activist investor Elliott Investment Management has intensified its campaign against Southwest Airlines , announcing plans to call a special shareholder meeting as early as next week in a push for significant leadership change at the airline, including the removal […]
Trump Media shareholder UAV dumped nearly 11 million shares
(CNBC) United Atlantic Ventures, a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction. The move left UAV — an investment partnership of former “Apprentice” […]
OpenAI CFO tells investors funding round should close by next week despite executive departures
(CNBC) OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week. […]
Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
(CNBC) At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in […]
Activist Trian secures Rentokil board seat
(Hedgeweek) Nelson Peltz’s activist fund, Trian Partners, has secured a board seat at Rentokil Initial, just two weeks after the pest control giant saw its stock plummet to a multi-year low following a profit warning related to its North American […]
Hedge funds largely miss out on Vistra share price surge
(Hedgeweek) While many hedge funds have ridden chipmaker Nvidia’s stock price surge to book substantial gains, winners from the S&P 500’s top performer for 2024 are far fewer on the ground with Lone Pine, Third Point and Coatue among the […]
Dow futures are little changed after index breaks four-day winning run: Live updates
(CNBC) Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 20 points, or 0.05%. S&P 500 futures rose 0.09%. Nasdaq 100 futures climbed 0.3%, boosted higher by shares of Micron Technology. […]
Southwest Airlines to cut service and staffing in Atlanta to slash costs
(CNBC) Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC. The changes come a day before Southwest’s investor day, when […]
OpenAI considering restructuring to for-profit,
(CNBC) OpenAI’s board is considering plans to restructure the firm to a for-profit business, according to a source who asked to remain anonymous because the talks are ongoing. The company will retain its non-profit segment as a separate entity, the […]
Hedge funds boost Hong Kong stock rally
(Hedgeweek) The largest hedge funds now control nearly three-quarters of the entire industry, with multi-strategy firms attracting the vast majority of business, according to a report by Reuters citing data from Bank of America. To read this article:
