Monthly Archives: September 2024
Hedge funds wade into US tech stocks as interest rates fall
(Hedgeweek) Hedge funds significantly increased their investments in US technology and media stocks last week amid expectations of a 50 basis point interest rate reduction by the US Federal Reserve, according to a report by Reuters. To read this article:
With 32,050 deals global deal activity is down by 15% YoY
(Opalesque) During January-August 2024, a total of 32,050 deals (mergers & acquisitions (M&A), private equity, and venture financing) were announced globally, according to a study. GlobalData report pointed out that this represents a 15% year-on-year (YoY) decline in deal volume […]
Trump threatens ’200% tariff’ if John Deere moves production to Mexico
(CNBC) Former President Donald Trump on Monday threatened John Deere with a 200% tariff if the agricultural manufacturer moves production to factories in Mexico. “They’ve announced a few days ago that they’re going to move a lot of their manufacturing business to Mexico,” the Republican nominee said at […]
Dow futures are little changed after clinching record high following Fed rate cut: Live updates
(CNBC) Dow Jones Industrial Average futures are near flat Sunday night after excitement over last week’s interest rate cut propelled the blue-chip index to a record closing level. Futures tied to the 30-stock index lost just 12 points, sitting near flat. S&P […]
Two Sigma in $100m SEC settlement talks over trading misconduct
(Hedgeweek)Two Sigma, the US quant hedge fund firm founded by John Overdeck and David Siegel, is in discussions with the Securities and Exchange Commission (SEC) to settle a probe related to a trading misconduct case, according to a report by […]
Advisory Firm Macquarie Investment To Pay Nearly $80m For Allegedly Overvaluing Assets
(HedgeCo.Net) The Securities and Exchange Commission has announced Registered Investment Adviser Macquarie Investment Management Business Trust (MIMBT) will pay a total of $79.8 million to settle charges for overvaluing approximately 4,900 largely illiquid collateralized mortgage obligations (CMOs) held in 20 […]
Intel’s wild week leaves Wall Street more uncertain than ever about chipmaker’s future
(CNBC) The chipmaker, which has lost over half its value this year and last month had its worst day on the market in 50 years after a disappointing earnings report, started the week on Monday by announcing that it’s separating its manufacturing division from […]
Bridgewater boss cautious on global economic outlook
(Hedgeweek) Ray Dalio, founder of global hedge fund major Bridgewater Associates, and Lim Chow Kiat, CEO of Singapore’s sovereign wealth fund GIC, have expressed growing caution regarding the global economic outlook due to political risks and uncertain growth prospects, according […]
Wintermute reports a 19x rise in crypto CFD volumes
(Hedgeweek) Wintermute Asia Pte Ltd (Wintermute), the digital asset derivatives trading arm of global algorithmic trading firm Wintermute Group, has made major updates to its CFD offering, including making it available for trading on its electronic OTC trading platform, Wintermute […]
Hedge funds up private credit involvement amid market boom
(Hedgeweek) Hedge funds, long known for their diverse credit investments, are increasingly focusing on the booming private credit sector, with 37% of hedge fund allocators planning investments in the space in the second half of 2024, according to a report […]
Dow futures are little changed after index closes above 42,000 for the first time: Live updates
(CNBC) Dow futures flickered near the flatline Thursday night after the 30-stock average closed at a new record, bolstered by enthusiasm over the Federal Reserve’s interest rate cut. Dow futures were little changed. Futures tied to the S&P 500 inched lower by 0.1%, […]
Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point
(CNBC) Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half-percentage-point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 5% at $63,255.00, according […]
