Monthly Archives: September 2024
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
(CNBC) The tightening stance has set the BOJ apart as an outlier at a time when most of the global central banks are shifting toward easing policy. On Thursday, The U.S. Federal Reserve cut interest rates by 50 basis points […]
Traditional hedge fund fees remain higher than bespoke strategies
(Hedgeweek) Traditional hedge fund managers charged an average management fee of 1.8% annually in 2023, while managers offering bespoke strategies charged significantly less, with an average fee of 0.9%, according to the 2023 Seward & Kissel Established Manager Hedge Fund […]
Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut
(CNBC) Investors poured into tech stocks at one of the fastest clips of the year a day after the Federal Reserve cut its benchmark interest rate for the first time since 2020. Led by a 7.4% gain in shares of Tesla and a 4% […]
Hedge funds gear up for a 2025 alternative dataset ‘budget boom’
(Hedgeweek) Hedge funds and other investment firms are expected to significantly increase their budgets in 2025 for alternative datasets, which provide insights through data from sources like cell phone geolocation, credit card transactions, and satellite imagery, according to a report […]
Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
(CNBC) Donahoe, who has been Nike’s CEO since Jan. 2020, will retire from his position on Oct. 13. Hill is slated to take over on the following day. Donahoe will stay on as an advisor through the end of January. […]
Point72 founder Cohen to step back from trading
(Hedgeweek) Steve Cohen, the founder of US hedge fund major Point72 Asset Management, is stepping away from trading to focus on overseeing the firm he established a decade ago, including remaining actively involved in investment decisions as Co-Chief Investment Officer, […]
Stock futures rise as traders weigh Fed’s super-sized rate cut: Live updates
(CNBC) U.S. stock futures rose early Thursday as traders digested the Federal Reserve’s earlier decision to lower interest rates by a half percentage point. Dow Jones Industrial Average futures rose 259 points, or 0.6%. Futures tied to the S&P 500 climbed about 1%, while Nasdaq 100 futures […]
Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut
(CNBC) Federal Reserve Chair Jerome Powell does not see the risk of an economic downturn being “elevated” following the super-sized cut. “I don’t see anything in the economy right now that suggests that the likelihood of a recession. “I don’t […]
Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’
(CNBC) “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping them not so high that they’re problematic for the debtor,” the founder of Bridgewater Associates told CNBC on […]
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
(CNBC) “Allocation into crypto by institutions is just at the tip of the iceberg. It’s just beginning, because a lot of them are still doing their due diligence,” Teng said on the sidelines of the Token2049. He became CEO in November […]
Kuvari to return external capital
(Hedgeweek) Kuvari Partners, the hedge fund founded by Vikram Kumar, is set to return all external capital as the firm transitions into a family office amid mounting pressure on smaller hedge funds from the dominance of multi-strategy hedge fund giants, […]
Intuitive Machines’ stock jumps more than 40% after NASA moon satellite contract
(CNBC) Intuitive Machines’ stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites. “This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” Intuitive Machines […]
