Monthly Archives: September 2022
Turning point for the crypto community? Where bitcoin goes from here
(CNBC) It’s been a strenuous year for the crypto business. After hitting a high of more than $68,000 in November 2021, bitcoin has plunged to hover around $20,000.But for long-term ETF investors, some experts advise to take crypto’s comedown in […]
Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO
(CNBC) Volkswagen is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s second-largest initial public offering (IPO) in history. Volkswagen will price preferred shares […]
SS&C GlobeOp Hedge Fund Performance Index at 0.54% for August
(Hedgeweek) Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.31% in September. “SS&C GlobeOp’s Capital Movement Index for September 2022 rose 0.31%, reflecting positive net flows into funds,” To read this article:
$20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year
(CNBC) Wall Street hates it. Silicon Valley is thrilled. In a year that’s featured exactly zero high-profile tech IPOs and far more headlines about mass layoffs than big funding rounds, Adobe’s $20 billion acquisition of Figma on Thursday is what […]
Ethereum ‘Merge’ sparks hedge fund betting frenzy
(Hedgeweek) The switch of the Ethereum blockchain from proof of work to proof of stake – aka The Merge – has had hedge funds in a betting frenzy with managers scooping up options on ether tokens, Ethereum’s flagship token, according […]
FedEx CEO says he expects the economy to enter a ‘worldwide recession’
(CNBC) FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. “I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to […]
Stock futures fall as Wall Street heads for losing week, weighs FedEx warning
(CNBC) U.S. stock futures fell on Thursday night as Wall Street headed toward a losing week, and traders absorbed an ugly earnings warning from FedEx. Dow Jones Industrial Average futures dropped by 142 points, or 0.46%. S&P 500 and Nasdaq […]
SEC’s proposed clearing reforms to impact hedge funds
(Hedgeweek) Hedge funds would be impacted by the US Securities and Exchange Commission’s (SEC) new proposed draft rules on the use of central clearing in the $24 trillion Treasury market aimed at boosting its resilience, according to a report by […]
SS&C aligns global fund administration and servicing under the SS&C GlobeOp brand; appoints new head
(Hedgeweek) SS&C Technologies Holdings has appointed Bhagesh Malde to lead its newly combined global fund administration and servicing business. The new group will continue to operate as SS&C GlobeOp and brings together SS&C’s hedge fund administration, private markets administration, middle […]
Stock futures rise slightly ahead of a fresh batch of economic data
(CNBC) U.S. equity futures were slightly higher Wednesday evening as investors looked ahead to several economic reports scheduled to come out in the morning. Futures tied to the Dow Jones Industrial Average inched higher by 17 points, or 0.05%. S&P […]
Loop Capital Markets Charged in First Action against Broker-Dealer for Violating Municipal Advisor Registration Rule
(HedgeCo.Net) The Securities and Exchange Commission has charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first time the SEC has charged a broker-dealer for violating […]
Third Point boss Loeb cools on ESPN spin-off plan
(CNBC) Third Point founder Daniel Loeb has cooled on his plan to see Disney’s sports broadcaster ESPN spun off into its own standalone business, according to reports. To read this article:
