Monthly Archives: September 2023
Corzine to shutter hedge fund and return investor cash
(Hedgeweek) Former Goldman Sachs co-chairman, ex-US senator, and governor of New Jersey, Jon Corzine, is to shutter the hedge fund he started after the collapse of MF Global Holdings, and return cash to investors, according to a report by Bloomberg. […]
Stock futures are little changed after S&P 500, Nasdaq end four-day string of losses: Live updates
(CNBC) Stock futures hovered near the flat line Monday evening.Futures tied to the Dow Jones Industrial Average slipped by 25 points, or 0.07%. S&P 500 futures dropped 0.05%, while Nasdaq 100 futureslost 0.06%. Stocks largely whipsawed during regular trading hours, […]
Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year
(CNBC) Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. In 2022, the Singapore-based company posted $82.5 million in revenue, a 67% jump from the year before, […]
10-year Treasury yield rises to start the week, reaches highest level since 2007
(CNBC) U.S. Treasury yields were higher Monday as investors considered what could be next for interest rates and awaited fresh economic data due this week. The yield on the 10-year Treasury rose by more than 10 basis points at 4.542%, […]
CoinShares begins US expansion with launch of new hedge fund division
(Hedgeweek) CoinShares International, a European alternative asset manager specialising in digital assets, has launched a new hedge fund division, CoinShares Hedge Fund Solutions, and for the first time will be making its offerings available to qualified US investors via a […]
Marex to acquire Cowen’s legacy prime brokerage and outsourced trading business
(Hedgeweek) Global financial services platform Marex has agreed to acquire Cowen’s legacy prime brokerage and outsourced trading business, with the transaction expected to complete by the end of the year, subject to regulatory approval. To read this article:
Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Goldman agreed to pay a $6 million […]
Stock futures inch up as the market enters last week of September with losses: Live updates
(CNBC) Stock futures edged higher in overnight trading Sunday as the market is set to enter the last week of trading in September with big losses. Futures on the Dow Jones Industrial Average gained 50 points. S&P 500 futures and […]
Hedge fund performance dips in August
(Hedgeweek) Hedge funds saw a small decline in performance in August, with an overall weighted average return of -0.8%, marking the first negative month of 2023, according to new data from Citco, although almost half of funds (49.7%) administered by […]
Ackman predicts increase in US long-term rates
(Hedgeweek) Bill Ackman, the CEO of hedge fund Pershing Square Capital, has predicted further increases for 30-year US interest rates, while his fund remains short on bonds due to the prospect of inflation remaining at an elevated level, according to […]
Pershing Square benefits from ‘2 and 10’ working model
(Hedgeweek) While the traditional ‘2 and 20’ hedge fund fee structure has come under pressure in recent years, with managers varying their terms to attract and retain investors, Pershing Square Capital Management is benefitting from a ‘2 and 10’ approach […]
Tokenizing real-world assets on blockchains is for crypto lovers as well as crypto skeptics now
(CNBC) Tokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn’t just coming from financial incumbents like Citi, JPMorgan and Northern Trust, it’s coming from crypto native players, too. To […]