Monthly Archives: October 2024
Ex-hedge fund manager strikes rare emerging market risk transfer deal
(Hedgeweek) Bridgewater Associates, one of the world’s largest hedge funds, has identified the independence of the US Federal Reserve as a critical concern in the upcoming presidential election, according to a report by Reuters citing a recent Bridgewater client commentary. […]
Bridgewater flags Fed independence as key US election issue
(Hedgeweek) Bridgewater Associates, one of the world’s largest hedge funds, has identified the independence of the US Federal Reserve as a critical concern in the upcoming presidential election, according to a report by Reuters citing a recent Bridgewater client commentary. […]
Southwest and activist investor Elliott strike deal to keep CEO Bob Jordan
(CNBC) Southwest Airlines and activist hedge fund Elliott Investment Management struck a deal to avert a proxy fight in exchange for naming six directors to the airline’s board — short of board control — and an earlier retirement for Executive Chairman […]
Tesla stock soars 22% for best day in over a decade on Musk’s 2025 growth projection
(CNBC) Tesla shares soared 22% to close at $260.48 on Thursday, the stock’s best day since 2013, following the company’s better-than-expected earnings report. The company late Wednesday reported revenue of $25.18 billion, which came in just under analysts’ expectations of $25.37 billion, but […]
Crypto hedge fund managers JellyC and Trovio merge in bid to bag pension allocations
(Hedgeweek) Crypto hedge fund managers JellyC and Trovio Asset Management have merged in a strategic move aimed at attracting allocations from institutional investors, including pension funds, according to a report by Bloomberg. To read this article:
Lone Pine recoups earlier losses
(Hedgeweek)Lone Pine Capital, the hedge fund founded by Stephen Mandel Jr, posted a solid performance in the third quarter, with its long-short fund, Lone Cypress, gaining 5%, bringing its year-to-date return to approximately 23%, according to a report by Institutional […]
Stock futures slide as Treasury yields tick higher once again: Live updates
(CNBC)Stock futures fell on Wednesday after the S&P 500 posted its first back-to-back loss since early September, while Treasury yields moved higher. Futures linked to the broad-market index lost 0.2%. Dow futures slid 201 points, or 0.5%, while Nasdaq-100 futures dropped 0.3%. To read this article:
Digital assets funds see largest weekly inflows since July
(Hedgeweek) Digital asset inflows hit $2.2bn last week, the largest weekly total seen since July, driven by optimism over a potential Republican US election win, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this […]
Millennium to stick with $10bn fundraising cap despite seeing $20bn in investor interest
(Hedgeweek) Izzy Englander’s Millennium Management has decided to stick to its original $10bn fundraising goal for new hedge fund capital, despite attracting twice that level of investor interest, according to a report by Bloomberg. To read this article:
QVR targets JPMorgan’s options-selling behemoth
(Hedgeweek) Volatility hedge fund QVR Advisors, led by 20-year options veteran Scott Maidel, is taking aim at Wall Street’s booming options-selling strategies, which have grown so popular that they may now be undermining their own profitability, according to a report […]
New Boeing CEO sets sights on ‘leaner’ future as quarterly loss tops $6 billion
(CNBC) Boeing’s new CEO Kelly Ortberg said the company needs to become leaner and improve quality, a vision he laid out for the troubled plane manufacturer ahead of his first quarterly call with analysts on Wednesday. At the same time, thousands of […]
Stripe’s $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs
(CNBC) In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company was Bridge Network. As part of his […]
