Monthly Archives: April 2023
Farallon launches Exelixis proxy fight
(Hedgeweek) Hedge fund Farallon Capital Management is planning to launch a proxy fight at biotech Exelixis Inc with the nomination of three directors to the board of the cancer drug maker, according to a report by The Wall Street Journal […]
Ether is rallying ahead of major upgrade that will let holders more easily access their tokens
(CNBC) Ether has spiked this week to a nine-month high, ahead of a major network upgrade that some crypto enthusiasts say will make the digital currency a more profitable long-term investment. The world’s second-biggest cryptocurrency is up about 6% over […]
Digital assets fund trading volumes down 33%
Hedgeweek) Digital asset investment products saw inflows totaling a lacklustre $2.5 million, with trading volumes falling by 33% compared to the prior week, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read this article:
Family office and FoF allocators to up hedge fund allocations
(Hedgeweek) Investment fund allocators expect to increase their commitments to hedge funds over the next 12 months, according to recent research into alternative asset appetites by virtual capital introduction and conference organiser iConnections. To read this article:
Citadel makes gains in March despite market turmoil
(Hedgeweek) While the market sell-off triggered by last month’s SVB/ Signature/Credit Suisse banking crisis left many hedge funds nursing losses, Citadel notched up gains across its portfolios during March, according to a report by Reuters To read this article:
AIMA confidence index finds hedge funds cautiously optimistic for year ahead
(Hedgeweek) Hedge fund manager confidence for the coming year was up slightly at the end of Q1 2023, according to AIMA’s 10th quarterly Hedge Fund Confidence Index (HFCI), produced in partnership with Simmons & Simmons and Seward and Kissel. To […]
Hedge fund managers to tap consumer spending data, says survey
(Hedgeweek) As some categories of alternative data mature and become standardised in the investment research process, new research from fintech Exabel with active investment managers and analysts reveals that 76% believe consumer spending data will provide an ‘outsized’ information edge […]
Crypto Trading Platform Beaxy and Its Executives Charged for Operating an Unregistered Exchange, Broker, and Clearing Agency
(HedgeCo.Net) The Securities and Exchange Commission has charged the crypto asset trading platform beaxy.com (the Beaxy Platform) and its executives for failing to register as a national securities exchange, broker, and clearing agency. The SEC also charged the founder of […]
Stock futures rise slightly after Dow, S&P 500 snap four-day win streaks: Live updates
(CNBC) U.S. stock futures ticked higher on Tuesday night. Dow Jones Industrial Average futures rose by 47 points, or 0.14%. S&P 500 and Nasdaq 100 futures climbed 0.13% and 0.16%, respectively. To read this article:
Frank founder criminally charged with fraud over $175 million JPMorgan deal
(CNBC) The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial-planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had […]
Federal Reserve’s Mester says rate target will need to go over 5%
(CNBC) Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that the U.S. central bank likely has more interest rate rises ahead amid signs the recent banking sector troubles have been contained. To keep inflation on a sustained downward path to 2% and keep inflation expectations […]
Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’
(CNBC) The stress on the financial sector caused by two bank failures in the United States last month is still a threat and should be addressed by a reimagining of the regulatory process, according to JPMorgan Chase CEO Jamie Dimon. […]