Monthly Archives: October 2024
Hedge fund Regal charged in South Korea short-selling crackdown
(Hedgeweek) Regal Funds Management Pty Ltd, one of Australia’s largest hedge funds, has been indicted by South Korean regulators as part of an expansion of Seoul’s crackdown on short-selling trading practices, according to report by Bloomberg To read this article:
BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
(CNBC) A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S. Now investors are flocking in, and a lot […]
U.S. SEC gives green light for options listing for spot bitcoin ETFs to NYSE
(CNBC) Fidelity Wise Origin Bitcoin Fund (FBTC.Z), opens new tab, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO.Z), opens new tab, the Grayscale Bitcoin Trust BTC (GBTC.P), opens new tab and the iShares Bitcoin Trust ETF (IBIT.O), opens new tab are among funds that […]
Nasdaq futures rise as Netflix pops on strong earnings: Live updates
(CNBC) Stock futures rose Friday as investors looked to end the week on a high note, while strong Netflix earnings boosted sentiment. Dow Jones Industrial Average futures slipped 49 points. S&P 500 futures and Nasdaq 100 futures were up 0.2% and 0.5%, respectively. Netflix climbed 7% […]
Intel seeks billions for minority stake in Altera business, sources say
(CNBC) Intel is looking to sell at least a minority stake in its Altera unit in a transaction that would raise several billion dollars in cash for the struggling chipmaker. Intel is looking for a deal that values Altera at around […]
Historic bitcoin theft tied to Connecticut kidnapping, luxury cars, $500K bar bills
(CNBC) Two young men accused of committing one of the largest person-to-person crypto thefts in U.S. history went on a brazen spending spree that included buying exotic cars and a $2 million wristwatch, renting mansions and running up nightclub tabs […]
Nvidia stock rises to new record, exceeding June high as AI trade is rekindled
(CNBC) Shares of Nvidia rose to a new record Thursday as investors piled back in to the artificial intelligence trade, which had stalled a bit since the summer. The stock rose more than 3% at one point to briefly tap […]
Bridgewater’s China fund surges 19% in September amid stock rally
(Hedgeweek) Multi-strategy hedge fund major Bridgewater Associates saw its onshore China funds deliver their best monthly performance in September, fuelled by a stock market rally following Beijing’s policy shift aimed at reviving the economy, according to a report by Reuters. […]
Robinhood launches platform to go after bigger, more active traders
(CNBC) Retail brokerage firm Robinhood is launching a new tool for more sophisticated traders as it looks for additional avenues for growth. The firm introduced Robinhood Legend, a desktop-based platform for active traders. The offering includes advanced charting tools for users who […]
Hedge funds boost currency option bets amid Trump tariff risk
(Hedgeweek) Hedge funds are significantly increasing bearish bets against currencies like the yuan, euro, and Mexican peso, speculating that Donald Trump will win the upcoming US presidential election, according to a report by Bloomberg. To read this article:
PPG to lay off 1,800 employees in U.S., Europe in cost-cut push
CNBC) PPG Industries will lay off 1,800 employees in the U.S. and Europe and close various facilities as part of a cost-reduction program, the paints and coatings maker said on Thursday. Shares of the Pittsburgh, Pennsylvania-based company were up 1.3% before […]
Tougher risk parameters curb hedge fund trading activity, says Beacon Platform
(Hedgeweek) Hedge funds are scaling back trading in response to stricter risk controls, with credit trading being the hardest hit, according to a new global survey of 100 senior hedge fund executives across the US, UK, Europe, and Asia by […]
