Monthly Archives: April 2023
Tesla reports 422,875 deliveries for first quarter of 2023
(CNBC) Tesla on Sunday posted its first-quarter vehicle production and delivery report for 2023. Here are the key numbers from the electric vehicle maker: Total deliveries Q1 2023: 422,875 Total production Q1 2023: 440,808 Deliveries are the closest approximation of sales […]
Hedge funds reverse course in Jan with $3.94bn net inflows
(Hedgeweek) After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow […]
Hedge fund launches on the up heading into 2023
(Hedgeweek) New hedge fund launches were on the rise in Q4 2022 as the industry headed into 2023, with 96 funds making their debut, rising from 71, the lowest level since Q4 2008, in the prior quarter, according to the […]
Bed Bath & Beyond terminates hedge fund deal
(Hedgeweek) Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy. To […]
Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged publicly-traded asset manager Medley Management and its former co-CEOs, Brook B. Taube and Seth B. Taube, with making misrepresentations to investors and clients that created the illusion of Medley’s likely future growth. […]
Apple shares dip after company warns of a possible $8 billion hit from supply constraints
(CNBC) Apple’s revenue grew nearly 9% year over year in the quarter ended in March, the company said on Thursday, showing strong growth and bucking investor worries about a deteriorating macroeconomic environment affecting demand for high-end smartphones and computers. But […]
Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
(CNBC) Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing but red. In its earnings report on Thursday, Amazon took a $7.6 billion loss on […]
Nasdaq futures slide as Amazon and Apple retreat after earnings
(CNBC) Nasdaq 100 futures fell Thursday evening following an extravaganza of Big Tech earnings, with disappointments from Amazon and Apple. Futures tied to the tech-heavy index fell 1.5%, while Dow Jones Industrial Average Futures slid 0.4% and S&P 500 futures […]
Robinhood shares fall as retail brokerage reports shrinking revenue, fewer active users
(CNBC) Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom that captivated Wall Street a year ago may have run out of steam. Shares of the company […]
Analysis: U.S. bond investors worry deep slide will end 40-year bull market
(Reuters) The 40-year bull market in U.S. bonds is dead. Long live the bond bull market. The U.S. Treasuries market began 2022 with one of its biggest slides in history. Some bond investors are again worried that the end is […]
New entrants push global hedge fund industry over $5tn threshold
(Hedgeweek) The hedge fund industry turned back to outflows in February, experiencing -$3.19 billion in net redemptions, -0.07% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. To read this article:
World’s largest allocators added $130bn to private markets last year, says Vidrio research
(HedgeWeek) Mandate activity among the largest institutional investors soared in 2021 across private equity, private credit, real estate and infrastructure, and hedge funds, according to research commissioned by Vidrio Financial, a provider of software and integrated data services solutions for […]