Monthly Archives: January 2023
McDonald’s Former CEO Hit with $400K Fine for Misrepresentations About His Termination
(HedgeCo.Net) The Securities and Exchange Commission today charged Stephen J. Easterbrook, former CEO of McDonald’s Corporation, with making false and misleading statements to investors about the circumstances leading to his termination in November 2019. McDonald’s also was charged for shortcomings […]
Hedge fund fees fall to lowest level since 2008 financial crisis
(Hedgeweek) Hedge fund fees declined slightly in Q3 2022, with the average industry-wide management fee declining 1 basis point from the prior quarter to an estimated 1.35%, according the latest HFR Market Microstructure Report. To read this article:
Goldman Sachs is cutting up to 3,200 employees this week as Wall Street girds for tough year
(CNBC) Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go of as many as 3,200 employees starting Wednesday, according to a person with knowledge of […]
Stock futures are flat after Nasdaq posts a second day of gains
(CNBC) Stock futures were barely changed Monday evening after the Nasdaq Composite posted a second day of gains, helped by Tesla and other tech shares. Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 hovered just […]
Nasdaq notches second day of gains as investors buy beaten-up tech shares like Tesla
(CNBC) Gains in technology helped the Nasdaq Composite skirt losses on Monday as traders added to bets that inflation may be easing. The Nasdaq was the only major index to end the day up as it got boosted by a […]
Hedge funds up bets on Fed rate hike slowdown
(Hedgeweek) Hedge funds are increasing their bets against the US dollar as speculation grows that the US Federal Reserve is set to slow the pace of recent interest rate hikes aimed at curbing inflation, according to a report by Bloomberg. […]
Former BlackRock Portfolio Manager Charged with Undisclosed Conflict of Interest
(HedgeCo.Net) The Securities and Exchange Commission has charged Randy Robertson, a former BlackRock Advisors, LLC portfolio manager, for failing to disclose a conflict of interest arising from his relationship with a film distribution company in which the fund he managed […]
Traders who bet against stocks made a killing in 2022, as short sellers netted $300 billion
(CNBC) Traders who shorted stocks won big in 2022, according to S3 Partners. Shorted stocks had a return of 30.8% in 2022, said Ihor Dusaniwsky, the firm’s managing director of predictive analytics. That means short sellers outperformed the broader market, […]
Stock futures rise slightly as investors look ahead to Friday’s jobs report
(CNBC) U.S. stock futures rose slightly on Thursday night as investors looked ahead to the December jobs report Friday. Strong jobs data earlier in the day led to declines in the major averages as it pointed to further rate hikes […]
New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto investors in $20 billion collapse
(CNBC) New York Attorney General Letitia James sued former Celsius Network CEO Alex Mashinsky on Thursday, alleging that Mashinsky defrauded hundreds of thousands of investors out of billions of dollars at the now-bankrupt cryptocurrency exchange. To read this article:
Crypto lender Genesis Trading lays off 30% of workforce
(CNBC) Genesis Trading, the embattled crypto lending arm of Barry Silbert’s Digital Currency Group, has cut headcount by 30% as it faces increasing pressure from creditors and the looming threat of bankruptcy. Silbert’s crypto conglomerate, which includes the Grayscale Bitcoin […]
Berger’s ‘contrarian’ hedge fund up 163% on market downturn bets
(Hedgeweek) Investment manager Neal Berger’s Contrarian Macro Fund chalked up gains of 163% last year on the back of a series of successful bets that US Federal Reserve rate hikes would cause market turmoil, according to a report by Bloomberg. […]