Monthly Archives: September 2023

(CNBC) Former FTX executive Ryan Salame pleaded guilty Thursday in New York federal court to campaign finance and money-transmitting crimes, and agreed to forfeit more than $1.5 billion. Salame, during his plea, admitted that from fall 2021 to November 2022 […]

(CNBC) The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon. “Over the course of the next few months, especially if Arm and some of these other IPOs go well, I think you’re […]

(Hedgeweek) The US Federal Reserve’s apparent ‘higher-for-longer’ thinking on interest rates, coupled with rising Treasury yields, means that the current rally in the US dollar has further to go, making the greenback “too risky to short”, according to a report […]

(Hedgeweek) Former Millennium Management executive Bobby Jain is continuing preparations for what is expected to be one of the biggest hedge fund debuts in history by making a number of key appointments and securing office space around the world, according […]

(Hedgeweek) Man Group has completed its previously announced acquisition of Varagon Capital Partners, a US middle market private credit manager with $11.8bn of assets under management  and $15.4bn of total client commitments, having received all necessary regulatory approvals. To read […]

(Hedgeweek) The Financial Stability Board (FSB) has warned that some hedge funds now have “very high levels of synthetic leverage”, debt created by the use of derivatives or other financial instruments that frequently does not show up on balance sheets, […]

(CNBC) China reported Thursday another monthly decline in imports and exports, albeit less steep than expected. Exports in U.S. dollar terms fell by 8.8% in August from a year ago. That’s better than the 9.2% drop forecast by a Reuters […]

(CNBC) The news indicates that Apple has secured access to a core piece of intellectual property, the Arm architecture, used in its iPhone and Mac chips, for the foreseeable future. Arm, owned by SoftBank, is set to debut on the […]

(CNBC) Apple almost never buys name-brand companies. Its largest takeover was 2014?s $3 billion deal for Beats Electronics. Apple is strict about its culture and its focus. While Microsoft has acquired its way to increased scale — buying Activision Blizzard […]

(Hedgeweek) The dramatic increase in global interest rates over the past 18 months has prompted hedge fund investors to warn managers that they face an increased risk of redemptions and pressure to cut fees unless they can improve their performance, […]