Monthly Archives: September 2024

(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:

(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:

(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:

(CNBC) Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and […]

(CNBC) Collaboration software maker Smartsheet on Tuesday announced Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet’s average closing price over […]

(CNBC) The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American […]

(CNBC) Nvidia CEO Jensen Huang is done selling the chipmaker’s stock for the time being, cashing in more than $700 million under a prearranged plan. The 61-year-old executive in mid-March adopted a trading plan for the sale of up to six […]

(CNBC) OpenAI said Tuesday that its popular chatbot now has an advanced voice feature for people who pay for the premium service. The tool allows for more fluid conversations. To read this article:

(Hedgeweek) Digital asset investment products experienced a second consecutive week of inflows last week, totalling $321m, as the US Federal Reserve cut interest rates by 50bp, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read […]

(CNBC) U.S. stock futures were little changed Monday after the S&P 500 and Dow Jones Industrial Average posted new record closes. Futures tied to the 30-stock Dow slipped 46 points, or 0.1%. S&P 500 futures inched down less than 0.1%. Nasdaq 100 futures dipped 0.1%. To […]

(CNBC) Boeing on Monday sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strike, which has halted most of the aerospace giant’s aircraft production, entered its second week. The labor union criticized […]

(Hedgeweek) Man Group Plc, the world’s largest publicly traded hedge fund firm, is implementing pass-through fees for clients of its multi-strategy hedge fund, aligning with a practice popularised by peers including Millennium Management and Citadel, according op a report by […]