Monthly Archives: October 2024
Brent crude soars above $80 as hedge fund reverse short bets
(Hedgeweek) Oil prices surged above $80 per barrel on Monday, driven by escalating tensions in the Middle East and concerns over potential supply disruptions in the Gulf of Mexico due to an incoming hurricane, prompting hedge funds to begin adjusting […]
Southern Ridges see PM exodus following August losses
(Hedgeweek) Singapore-based hedge fund Southern Ridges Capital, kicked off 2024 with high hopes, expanding its team by adding several new portfolio managers, but has now seen a wave of senior departures following a 3% loss in just three days in […]
Deer Park targets distressed commercial property debt in market rebound play
(Hedgeweek) Deer Park Road Management Co, a hedge fund firm known for its profitable bets on distressed assets, is ramping up its investment in commercial real estate debt, positioning itself to benefit from a downturn reminiscent of 2009, according to […]
Top-performing Schonfeld continues hiring push
(Hedgeweek) Schonfeld, the top-performing multi-strategy hedge fund of 2024, which has outpaced rivals including Citadel and Millennium so far this year with a 13.1% gain, is continuing with a hiring push after growing its headcount by 11.2% YTD, eFinancial Careers. […]
S&P 500 futures are little changed after stocks pull back to start new week: Live updates
(CNBC) Stock futures were little changed on Monday night, following a losing day on Wall Street as rising oil prices and bond yields weighed on markets. Dow Jones Industrial Average futures lost 19 points. S&P 500 futures and Nasdaq 100 futures each also traded near […]
FTX creditors will make money on bankruptcy: $1.19 for every dollar
(CNBC) Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Nearly two years after FTX spiraled into bankruptcy, a Delaware judge approved […]
Super Micro shares soar after server company says it’s shipping over 100,000 AI GPUs per quarter
(CNBC) Super Micro Computer shares jumped 15% after the server company said it’s shipping more than 100,000 graphics processing units used for artificial intelligence per quarter. That could translate into several billions of dollars of orders if the average price of […]
Samsung issues lengthy apology after disappointing profit guidance — read the full statement
(CNBC) The leading memory chip manufacturer projected that its operating profit for the quarter ending in September will be approximately 9.10 trillion won, missing LSEG expectations. Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7 […]
Investors expecting surge in crypto and digital assets fund launches
(Hedgeweek) Institutional investors and wealth managers are expecting a surge in new digital assets funds this year as traditional financial institutions increasingly look to the sector, according to research by digital assets hedge fund manager Nickel Digital Asset Management (Nickel) […]
Columbia Threadneedle partners with DBS to expand tech hedge fund reach in Asia
(Hedgeweek) Columbia Threadneedle has teamed with DBS Bank to offer its technology-focused hedge fund strategy – a long-short equity vehicle managed by Paul Wick at Seligman Investments – to high-net-worth clients across Asia, according to report by CityWire. To read […]
Investors expecting surge in crypto and digital assets fund launches
(Hedgeweek) Institutional investors and wealth managers are expecting a surge in new digital assets funds this year as traditional financial institutions increasingly look to the sector, according to research by digital assets hedge fund manager Nickel Digital Asset Management (Nickel). […]
Stock futures are little changed after sluggish start to October:
(CNBC) Stock futures were calm on Sunday evening as Wall Street looks to keep the momentum from Friday’s rally. S&P 500 futures added 0.1%. Nasdaq 100 futures were up roughly 0.2%, while Dow Jones Industrial Average futures ticked up 53 points, or about 0.1%. The […]
