Monthly Archives: February 2024
Stock futures are little changed after S&P 500 and Dow slide from record highs: Live updates
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Palantir stock jumps 19% as AI demand drives revenue beat
(CNBC) Revenue in the fourth quarter increased 20% to $608.4 million from $508.6 million a year earlier. The company reported a net income of $93.4 million, or 4 cents per share, compared with $30.9 million, or 1 cent per share, […]
S&P 500 and Nasdaq gains take shine off hedge fund returns
(Hedgeweek) As ever, hedge fund news in the first month of the year was dominated by last year’s returns, with lots of positives from the likes of Citadel (15.3%), Millennium Management (10%), DE Shaw (10%), Rokos Asset Management (8.8%) et […]
Record hedge fund returns attract investors to catastrophe bonds
(Hedgeweek) Institutional investor interest in catastrophe bonds, one of the riskiest corners of the debt market, is on the increase on the back of reports of record returns at hedge funds including Fermat Capital Management, Tenax Capital and Tangency Capital, […]
Hedge fund First Seagull swoops on Superdry stake
(Hedgeweek)Norwegian hedge fund First Seagull has acquired a 5.3% stake in Superdry on the back of a series of profit warnings and a share price slide that the investment firm believes makes the UK-based retailer ripe for a takeover bid, […]
Stock futures are little changed ahead of busy week of corporate earnings: Live updates
(CNBC) Stock futures were flat on Sunday evening as Wall Street looks to build on another positive week. Futures tied to the S&P 500 dipped less than 0.1%. Futures for the Dow Jones Industrial average ticked up eight points, or […]
Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects
(CNBC) Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects. In a […]
Meta’s Zuckerberg sees $28 billion windfall after shares rocket
(CNBC) Meta CEO and co-founder Mark Zuckerberg has 28 billion reasons to celebrate the company’s gangbuster quarter. As of Friday’s close, Zuckerberg is the richest he has ever been, thanks to a 22% surge in Meta stock that has left […]
Hedge funds leveraging Gen AI, says AIMA survey
(Hedgeweek) Hedge funds are embracing generative AI with 86% of managers now granting their staff access to various tools to bolster their work, according to a new survey by the Alternative Investment Management Association (AIMA). To read this article:
Man Group drops GLG brand as part of credit markets push
(Hedgeweek) Man Group is ditching its GLG brand in the first big change since new CEO Robyn Grew took the helm at the world’s largest listed hedge fund last September, as the firm moves into credit markets, according to a […]
Activist Elliott secures Etsy board seat
(Hedgeweek) Activist hedge fund Elliott Investment Management has secured a board seat at online retail platform Etsy with Portfolio Manager Marc Steinberg having been appointed as a Director with effect from 5 February, according to a report by Reuters. To […]
Point72 and Capstone make Milan move
(Hedgeweek) Steve Cohen’s Point72 Asset Management and Capstone Investment Advisors, the volatility arbitrage hedge fund firm founded by Paul Britton, have both expanded their European operations by opening offices in Milan, according to a report by Bloomberg. To read this […]