Monthly Archives: September 2022
Matt Damon-endorsed crypto platform sues Australian woman after accidentally sending her $7.1 million instead of $68
(CNBC) It took seven months for the Matt Damon-endorsed Crypto.com to realize that it accidentally sent AU$10.5 million dollars (about $7.1 million at today’s exchange rate) to a woman in Australia, instead of the 100 Australian dollar refund she requested. […]
Preqin data suggests stock-picking hedge funds are poised for worst performance in a decade
(Hedgeweek) New data from Preqin suggests that stock-picking hedge funds are set to record their worst performance in 10 years, according to a report by Reuters, with cumulative returns having dropped 12.24% in the 12 months ending 31 July. To […]
Investors look to Absolute Return for diversification
(Hedgeweek) Over seven in ten investors (72%) say they are inclined to consider Absolute Return funds as part of their overall asset allocation, given the market conditions observed so far in 2022 and the increased correlation between the traditional asset […]
Citadel Securities expands presence in Japan with new Tokyo office
(Hedgeweek) Citadel Securities the market-making firm set up by hedge fund boss Ken Griffin, is to launch its fixed income offering in Japan following the opening of a new office in Tokyo, according to a report by SWFI. To read […]
MicroStrategy Chair Michael Saylor accused of evading $25 million in taxes by DC attorney general
(CNBC) District of Columbia Attorney General Karl Racine accused MicroStrategy co-founder and Executive Chairman Michael Saylor of evading $25 million in district taxes in a lawsuit filed Wednesday. The lawsuit also names MicroStrategy as a defendant. Racine alleges the company […]
Stock futures fall after Wall Street closed out August with losses
(CNBC) U.S. stock futures fell on Thursday morning after the major averages closed out August with losses and investors considered the Federal Reserve’s fight against inflation. Dow Jones Industrial Average futures fell by 140 points, or 0.44%. S&P 500 and […]
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
(CNBC) Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central bank can ease off in its fight against inflation. Mester, a voting member this year of the rate-setting Federal Open Market […]
Nvidia stock falls after U.S. government restricts chip sales to China
(CNBC) Nvidia shares fell 6.5% in extended trading on Wednesday after the company said the U.S. government is restricting sales in China. In a filing with the SEC, Nvidia said the U.S. government told the company on Aug. 26, about […]
Window of opportunity for hedge fund flows in H2
(Hedgeweek) As both public and private markets enter a period of turbulence and drawdowns, hedge funds are set to prove popular with investors in the second half of 2022, as the recession and geopolitical volatility all play to the industry’s […]
SEC proposes rules urging hedge funds, endowments to disclose votes
(Yahoo-Finance) The top U.S. securities regulator on Wednesday proposed requiring large hedge funds and endowments to disclose how they vote on executive pay, bringing this clutch of influential investors in line with other top funds that have made their pay […]
Ex-Goldman Compliance Analyst Charged with Insider Trading
(Reuters) A U.S. regulator on Wednesday charged a former Goldman Sachs Group Inc senior compliance analyst with insider trading, saying he made illegal trades involving banking clients while working in Warsaw, Poland. To read this article:
Senate reaches a deal to avoid a government shutdown
(CNBC) The New York Democrat said he has scheduled a vote on the stopgap measure for Thursday morning. The bill would keep the government running into early December, according to Schumer. The deal would still need to pass the House. […]