Monthly Archives: September 2024
Ackman to offer enhanced investor incentives in bid to revive Pershing Square IPO
(Hedgeweek) Pershing Square Capital Management founder Bill Ackman is attempting to revive the initial public offering (IPO) of his investment fund, Pershing Square USA, by offering additional incentives to attract early investors, according to a report by the Financial Times […]
BlueCrest and Millennium closed pods amid market turmoil
(Hedgeweek) Losses incurred during escalating market volatility in early August prompted Millennium Management, Balyasny Asset Management, and BlueCrest Capital Management to halt the operation of at least six traders and their investment pods, according to a report by Bloomberg. To […]
Hedge funds continue betting against banking, insurance, and property sectors
(Hedgeweek) Hedge funds have maintained their bearish stance on banking and financial stocks, continuing to place bets against these sectors during the week ending last Friday, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage […]
Hedge funds facing potential multi-billion losses from PDD Holdings crash
(Hedgeweek) Hedge funds have maintained their bearish stance on banking and financial stocks, continuing to place bets against these sectors during the week ending last Friday, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage […]
Electric Vehicle Co. Hit with $11m Penalty for Allegedly Misleading Revenue Projections Ahead of SPAC Merger
(HedgeCo.Net) The Securities and Exchange Commission has charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet, which provided hybrid […]
Bill Ackman on bonds and the biggest market calls from the annual Delivering Alpha summit
(CNBC) It’s a key moment for investors with the Fed near the end of its hiking cycle but interest rates likely to remain higher for longer as the central bank continues its fight against inflation. Consumers are getting stretched, China’s […]
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates
(CNBC) Stock futures were slightly higher Thursday evening as investors prepared to end a difficult September. Futures tied to the Dow Jones Industrial Average added 53 points, or 0.1%. S&P 500 futures rose 0.09%, while Nasdaq 100 futures gained 0.1%. […]
Bitcoin and ether to sustain strong performance in 2023, says Nickel Digital
(Hedgeweek) Institutional investors and wealth managers are confident about digital asset performance and believe that both Bitcoin and ether will sustain their strong performance for the rest of this year, according to research by Nickel Digital Asset Management (Nickel), a […]
Citco records a positive first half for fund of funds
(Opalesque) New data from hedge fund administrator Citco shows that fund of hedge funds had a positive first half of 2023, with the average fund returning 2.87% to end of June. 82% of funds delivered positive returns in the first […]
Almost 90% of the $29tn global insurers plan to invest in private markets
(Opalesque) Within private assets, they expressed the most enthusiasm for direct lending, with 60% of those surveyed planning to boost allocations, according to a new survey of the industry by BlackRock. Of 378 senior insurance executives surveyed by BlackRock, 34% […]
Ousted hedge fund Co-founder settles $636m Proskauer Rose malpractice law suit
(Hedgeweek) Dr Robert Adelman, an ex-client of Proskauer Rose, has settled a $636m malpractice lawsuit against US law firm over his ousting from a hedge fund he co-founded, after a judge ruled the case could go to trial, according to […]
CEO of private credit giant Ares says his firm is benefitting from rising rates
(CNBC) With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning to alternative assets outside of equities and bonds to generate returns. According to a new report by Pitchbook, investors […]