Monthly Archives: September 2024
Investors increasingly bullish on hedge funds
(Hedgeweek) Investors are showing increased optimism toward hedge funds, with a large majority planning new allocations during the second half of 2024, a trend is fuelled by fresh capital inflows and the growing popularity of portable alpha strategies, according to […]
Regal Partners eyes $1bn for new Cayman Islands fund
(Hedgeweek) Regal Partners Ltd, the Australian hedge fund firm born out of the merger of Regal Funds Management and VGI Partners in 2022, is seeking approximately $1bn in new capital for its latest Cayman Islands-based based fund, as part of […]
S&P 500 futures dip as traders gear up for big August jobs report: Live updates
(CNBC) S&P 500 futures dipped Friday as investors look to Friday’s key jobs report for further clues about the state of the U.S. economy. Futures tied to the broad market index were down 0.26. Dow Jones Industrial Average futures inched lower by 17 […]
Friday’s jobs report for August is going to be huge. re’s what to expect
(CNBC) The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%, according to Dow Jones. However, recent data, including a massive downward revision to previous counts, has pointed to […]
Broadcom says it will sell $12 billion in AI parts and custom chips this year
(CNBC) Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 7% in extended trading after guidance was in-line with expectations. Here is how the chipmaking conglomerate did versus LSEG consensus estimates […]
Goldman Sachs sells hedge fund stake for up to $258m amid valuation concerns
(Hedgeweek) Goldman Sachs’ private equity investment firm, Petershill Partners, has sold an 18% stake in hedge fund LMR Partners for up to $258m in a move aimed at addressing investor concerns about the accuracy of the firm’s asset valuations, according […]
JPMorgan top economist says the Fed should cut rates by a half point this month
(CNBC) The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli. “We think there’s a good case that they should get back to neutral as soon as possible,” the firm’s […]
SEC drops bid to revive hedge fund fee disclosure rule
(Hedgeweek) The US Securities and Exchange Commission (SEC) has abandoned its legal efforts to revive a rule mandating increased hedge fund and private equity fee disclosures, following a court setback in Chair Gary Gensler’s campaign for greater transparency in the […]
One Rock sells ArchKey Solutions
(Hedgeweek) One Rock Capital Partners, a value-oriented, operationally focused private equity firm, is to sell electric and building systems specialist ArchKey Solutions (ArchKey) to an affiliate of 26North Partners. To read this article:
SEC fines crypto hedge fund Galois Capital $250,000 over custody failures
(Hedgeweek)The Securities and Exchange Commission has settled charges against a former Florida-based cryptocurrency hedge fund Galois Capital Management for failing to comply with requirements related to the safeguarding of client assets. To read this article:
Six Credit Rating Agencies Hit with $49M in fines and charged with Significant Recordkeeping Failures
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against six nationally recognized statistical rating organizations, or NRSROs, for significant failures by the firms and their personnel to maintain and preserve electronic communications. The firms admitted the facts set forth […]
Broker-Dealer Nationwide and Two Investment Advisers Charged with Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against three affiliated registrants, Commission-registered broker-dealer Nationwide Planning Associates, Inc. and investment adviser NPA Asset Management, LLC, and state-registered investment adviser Blue Point Strategic Wealth Management, LLC, for impeding brokerage customers […]