Monthly Archives: September 2024
Hedge funds fuel secondary market for deal contingent hedges
(Hedgeweek) Hedge funds are increasingly stepping in to help banks manage the risks associated with deal contingent trades, a complex derivative sold to corporations and PE firms to hedge against market fluctuations during major mergers and acquisitions, according to a […]
Stock futures are little changed to kick off September trading: Live updates
(CNBC) U.S. stock futures were little changed Monday night as traders braced for a potentially tough month ahead after a strong but volatile August. Futures tied to the Dow Jones Industrial Average slipped 63 points, or 0.1%. S&P 500 futures fell marginally, and Nasdaq-100 futures eked […]
One-third of hedge funds yet to recover from 2022 losses
(Hedgeweek) Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses experienced in 2022, according to a report by Institutional Investor. To read this article:
Broad Reach secures $20m University of Houston allocation
(Hedgeweek) The University of Houston System’s endowment management committee has approved a $20m investment in the Broad Reach Master Fund, an emerging markets-focused global macro hedge fund, according to a report by Pensions & Investments. To read this article:
Ackman to offer enhanced investor incentives in bid to revive Pershing Square IPO
(Hedgeweek) Pershing Square Capital Management founder Bill Ackman is attempting to revive the initial public offering (IPO) of his investment fund, Pershing Square USA, by offering additional incentives to attract early investors, according to a report by the Financial Times […]
BlueCrest and Millennium closed pods amid market turmoil
(Hedgeweek) Losses incurred during escalating market volatility in early August prompted Millennium Management, Balyasny Asset Management, and BlueCrest Capital Management to halt the operation of at least six traders and their investment pods, according to a report by Bloomberg. To […]
Hedge funds continue betting against banking, insurance, and property sectors
(Hedgeweek) Hedge funds have maintained their bearish stance on banking and financial stocks, continuing to place bets against these sectors during the week ending last Friday, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage […]
Hedge funds facing potential multi-billion losses from PDD Holdings crash
(Hedgeweek) Hedge funds have maintained their bearish stance on banking and financial stocks, continuing to place bets against these sectors during the week ending last Friday, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage […]
Electric Vehicle Co. Hit with $11m Penalty for Allegedly Misleading Revenue Projections Ahead of SPAC Merger
(HedgeCo.Net) The Securities and Exchange Commission has charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet, which provided hybrid […]
Bill Ackman on bonds and the biggest market calls from the annual Delivering Alpha summit
(CNBC) It’s a key moment for investors with the Fed near the end of its hiking cycle but interest rates likely to remain higher for longer as the central bank continues its fight against inflation. Consumers are getting stretched, China’s […]
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates
(CNBC) Stock futures were slightly higher Thursday evening as investors prepared to end a difficult September. Futures tied to the Dow Jones Industrial Average added 53 points, or 0.1%. S&P 500 futures rose 0.09%, while Nasdaq 100 futures gained 0.1%. […]
Bitcoin and ether to sustain strong performance in 2023, says Nickel Digital
(Hedgeweek) Institutional investors and wealth managers are confident about digital asset performance and believe that both Bitcoin and ether will sustain their strong performance for the rest of this year, according to research by Nickel Digital Asset Management (Nickel), a […]