Monthly Archives: September 2023
Marex to acquire Cowen’s legacy prime brokerage and outsourced trading business
(Hedgeweek) Global financial services platform Marex has agreed to acquire Cowen’s legacy prime brokerage and outsourced trading business, with the transaction expected to complete by the end of the year, subject to regulatory approval. To read this article:
Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Goldman agreed to pay a $6 million […]
Stock futures inch up as the market enters last week of September with losses: Live updates
(CNBC) Stock futures edged higher in overnight trading Sunday as the market is set to enter the last week of trading in September with big losses. Futures on the Dow Jones Industrial Average gained 50 points. S&P 500 futures and […]
Hedge fund performance dips in August
(Hedgeweek) Hedge funds saw a small decline in performance in August, with an overall weighted average return of -0.8%, marking the first negative month of 2023, according to new data from Citco, although almost half of funds (49.7%) administered by […]
Ackman predicts increase in US long-term rates
(Hedgeweek) Bill Ackman, the CEO of hedge fund Pershing Square Capital, has predicted further increases for 30-year US interest rates, while his fund remains short on bonds due to the prospect of inflation remaining at an elevated level, according to […]
Pershing Square benefits from ‘2 and 10’ working model
(Hedgeweek) While the traditional ‘2 and 20’ hedge fund fee structure has come under pressure in recent years, with managers varying their terms to attract and retain investors, Pershing Square Capital Management is benefitting from a ‘2 and 10’ approach […]
Tokenizing real-world assets on blockchains is for crypto lovers as well as crypto skeptics now
(CNBC) Tokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn’t just coming from financial incumbents like Citi, JPMorgan and Northern Trust, it’s coming from crypto native players, too. To […]
Vitalik Buterin, the man behind ethereum, talks crypto and the U.S. crackdown
(CNBC) Buterin was named the world’s youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. They call him “V God” in China, Time magazine dubbed him crypto royalty in its April 2022 cover […]
SEC Cracks Alleged Ponzi Scheme Generating over $15m from over 450 investors
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Mexico-based company Aras Investment Business Group S.A.P.I. de C.V., its CEO Armando Gutierrez Rosas, and four individuals for fraudulently raising at least $15 million from more than 450 retail investors […]
Millennium alumnus plans $3bn multi-strat hedge fund
(Hedgeweek) A new multi-strategy hedge fund firm led by Millennium Management alumnus and the former head of Morgan Stanley’s prime brokerage operation in Asia, Kurt Baker, is looking to raise neatly $3bn as it seeks to establish itself as a […]
Stock futures are flat as the market heads for big weekly losses: Live updates
(CNBC) Stock futures were flat in overnight trading Thursday as the market is poised to end the week with steep losses. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were also […]
Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28 billion in cash
(CNBC)Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever. Splunk shares ended Thursday up 21%, while Cisco shares closed down 4%. […]
