Monthly Archives: January 2024
Top performing hedge funds see record returns in 2023
(Hedgeweek) The world’s 20 most successful hedge fund firms generated their biggest profits on record last year on the back of a stock market surge, making a combined $67bn for investors, according to a report by Reuters citing data from […]
Global hedge funds turn bullish on US tech stocks
(Hedgeweek) Global hedge funds turned positive on US technology stocks in the week ending 18 January, upping their share purchases in the sector at the highest pace seen in two months, according to a report by Reuters. To read this […]
AMD’s stock surge in past year leads analyst to a ‘heck if we know’ rating
(CNBC) Demand for graphics processing units — the artificial intelligence chips that power programs such as ChatGPT — has been surging for months, leading to significant gains for the companies that make GPUs. AMD rose nearly 130% in 2023, as […]
Two important events this week could determine the future of Fed rate policy
(CNBC) Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an issue that cuts at the heart of where the economy and stocks are headed. Two big economic reports coming […]
J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 […]
Stock futures are little changed as Wall Street looks for S&P 500 to build on fresh all-time high:
(CNBC) Stock futures were little changed on Sunday evening, with investors looking to build on the S&P 500?s fresh all-time high from Friday. Futures tied to the benchmark S&P 500 added 0.1%, while Nasdaq 100 futures gained 0.2%. Dow Jones […]
Super Micro shares soar 36% to record on uplifting preliminary results
(CNBC)Super Micro Computer, one of the best-performing tech stocks of the past few years, soared 36% last week to a record, after the maker of data center hardware issued preliminary financial results that exceeded estimates. The company said revenue for […]
Hedge funds up 2.14% in December, says S&C GlobeOp
(Hedgeweek) Global hedge funds recorded an average gain of 2.14% in December according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index for the month, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement […]
Trian formally nominates Peltz for Disney board seat
(Hedgeweek) Activist hedge fund firm Trian Fund Management has formally nominated founder Nelson Peltz and former Disney executive Jay Rasulo for seats on the board at Walt Disney, two days after the entertainment giant nominated a different slate of directors, […]
Jain makes quant appointment
(Hedgeweek) Jain Global, former Millennium co-CIO Bobby Jain’s much anticipated hedge fund launch, may be struggling to hit its original fundraising target, but recruitment is continuing apace, with Adil Hayat as the firm’s latest new recruit, according to a report […]
Hedge funds up 2% in December, says Citco
Hedgeweek) Hedge funds continued their run of positive performance last December, notching up an overall weighted return of 2% for the month according to new data from Citco, the global alternative investment asset servicer with over $1.8tn in AUM. To […]
Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
(CNBC) Meta is spending billions of dollars on Nvidia’s popular computer chips, which are at the heart of artificial intelligence research and projects. In an Instagram Reels post on Thursday, Zuckerberg said the company’s “future roadmap” for AI requires it […]