Monthly Archives: September 2023
Steve Forbes says the Fed’s not going to cut rates soon
(CNBC) Steve Forbes doesn’t expect the Federal Reserve to raise rates in upcoming meetings, but the Forbes Media chairman doesn’t see cuts in the near term either. “I think the Federal Reserve is not going to increase interest rates in […]
Schonfeld, Balyasny, ExodusPoint lag rivals as multi-strats struggle
(Hedgeweek) After several years as the top choice for many hedge fund investors, multi-strategy, multi-manager firms including Schonfeld Strategic Advisors, Balyasny Asset Management, and ExodusPoint Capital Management, are trailing the returns of other types of fund, according to a report […]
SEC Charges Privately Held Monolith Resources for Using Separation Agreements that Violated Whistleblower Protection Rules
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Monolith Resources LLC, a privately held energy and technology company headquartered in Lincoln, Nebraska, for using employee separation agreements that violated the SEC’s whistleblower protection rules. According to the SEC’s […]
Stock futures are little changed ahead of key inflation data: Live updates
(CNBC) Stock futures were little changed Sunday night as investors awaited a batch of economic data in the week ahead and earnings from two major tech companies. Futures tied to the Dow Jones Industrial Average ticked lower by 2 points, […]
Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business
(CNBC) Shares of Chinese tech giant Alibaba fell 3.5% on Monday, after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. The move comes […]
Event driven strategies gain, lead HFRI in August as equities fall
(Opalesque) Hedge funds posted mixed strategy performance in the volatile month of August as inflationary pressures remained persistent, interest rates increased, and equities declined. The HFRI Fund Weighted Composite Index (FWC) fell -0.5 percent for the month, as gains in […]
Instacart aiming for valuation of $8.6 billion to $9.3 billion in IPO, reports say
(CNBC) The grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports. Instacart is expected to officially disclose its expected valuation range on Monday, a person familiar with the […]
Alternative assets manager GLASfunds buys Fund Formation Group
(Opalesque) GLASfunds, a turnkey alternative investment platform, and alternative asset management firm has purchased Texas-based funds platform Fund Formation Group. Founded in 2009, GLASfunds is a tech-enabled platform providing investors with secure and streamlined digital access to institutional-quality alternative investment […]
ESG bond market closes in on $1tn total issuance in 2023
(Opalesque) Green, social, sustainable, and sustainability-linked bond (GSSSB) issuance has continued to climb throughout 2023, with total issuance on track to reach between $900bn and $1trn by the end of the year, said a study. That is according to new […]
Linus Financial Agrees to Settle SEC Charges of Unregistered Offer and Sale of Securities
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Linus Financial, Inc. for failing to register the offers and sales of its retail crypto lending product, the Linus Interest Accounts. The SEC determined not to impose civil penalties against […]
Former FTX exec Salame to forfeit $1.5 billion, pleads guilty to two criminal counts
(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 […]
Goldman Sachs CEO David Solomon sees Wall Street rebound if tech IPOs perform
(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 […]