Monthly Archives: September 2024
Bitcoin rebounds from its worst week in more than a year, jumping above $57,000
(CNBC) Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% […]
New hedge fund managers adapting to new challenges
(Hedgeweek) Emerging hedge funds are balancing competitive fee models and running lean operating models to remain attractive to investors, according to a new research report by the Alternative Investment Management Association (AIMA) in partnership with Marex Prime Services. To read […]
Stock futures slip after the S&P 500 suffers its worst week since 2023: Live updates
(CNBC) U.S. stock futures were lower on Sunday night following a tough week for the equity market. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures slid 0.2%. Futures tied to the Dow Jones Industrial Average fell by 22 points, or less than 0.1%. To […]
Coinbase has worst week of the year as crypto stocks plummet
(CNBC) Cryptocurrency exchange Coinbase just wrapped up its worst week of the year. Bitcoin miner Marathon Digital tumbled 20%. A basket of crypto-related equities tracked by Schwab fell to its lowest level since February. The industrywide selloff reflected growing concerns about the health of the U.S. […]
The bitcoin ATM has emerged as one of cryptocurrency’s biggest threats
(CNBC) Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike […]
Abrdn shuts struggling hedge fund amid poor performance
(Hedgeweek) Abrdn has closed its Global Risk Mitigation Fund, citing poor returns and lack of investor interest. The hedge fund, which had struggled with negative performance since its inception, officially ceased operations on 30 August, according to a report by […]
HFR and Radient launch AI-driven hedge fund analysis platform
(Hedgeweek) Hedge fund indices specialist HFR and fund intelligence platform Radient AI have formed a new strategic marketing partnership, and launched a hedge fund analysis platform driven by artificial intelligence. To read this article:
Investors increasingly bullish on hedge funds
(Hedgeweek) Investors are showing increased optimism toward hedge funds, with a large majority planning new allocations during the second half of 2024, a trend is fuelled by fresh capital inflows and the growing popularity of portable alpha strategies, according to […]
Regal Partners eyes $1bn for new Cayman Islands fund
(Hedgeweek) Regal Partners Ltd, the Australian hedge fund firm born out of the merger of Regal Funds Management and VGI Partners in 2022, is seeking approximately $1bn in new capital for its latest Cayman Islands-based based fund, as part of […]
S&P 500 futures dip as traders gear up for big August jobs report: Live updates
(CNBC) S&P 500 futures dipped Friday as investors look to Friday’s key jobs report for further clues about the state of the U.S. economy. Futures tied to the broad market index were down 0.26. Dow Jones Industrial Average futures inched lower by 17 […]
Friday’s jobs report for August is going to be huge. re’s what to expect
(CNBC) The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%, according to Dow Jones. However, recent data, including a massive downward revision to previous counts, has pointed to […]
Broadcom says it will sell $12 billion in AI parts and custom chips this year
(CNBC) Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 7% in extended trading after guidance was in-line with expectations. Here is how the chipmaking conglomerate did versus LSEG consensus estimates […]
