Monthly Archives: September 2024
Hilbert and Xapo complete launch of BTC yield hedge fund with $175m in initial investments
(Hedgeweek) Hilbert Capital, the asset management division of Hilbert Group AB (Nasdaq: HILB B) and Xapo Bank have completed the launch of their BTC-denominated credit fund with BTC3000 in initial investments – currently valued at USD175m. To read this article:
Stock futures dip slightly as Wall Street braces for retail sales data, Fed policy meeting: Live updates
(CNBC) Stock futures dipped slightly Monday evening as Wall Street readied for key retail sales data and the start of the Federal Reserve’s September policy meeting. Futures tied to the S&P 500 and Nasdaq-100 futures both lost about 0.1%, while futures linked to the Dow […]
South Korea appeals British court ruling in dispute with activist Elliott
(Hedgeweek) The South Korean government has appealed a British court’s decision to dismiss its lawsuit aimed at overturning an international tribunal’s order to pay approximately $100m in damages to US hedge fund Elliott Investment Management, according to a report by […]
Millennium targeting up to $10bn in long-term capital
(Hedgeweek) Millennium Management, the multi-strategy hedge fund major founded by Izzy Englander, is aiming to raise between $7bn and $10bn in new capital as part of a strategy to secure a more permanent funding structure for the firm, according to […]
Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
(CNBC) Cameron and Tyler Winklevoss are the biggest individual crypto donors this election cycle,giving a combined $10.1 million, or slightly over $5 million each, according to Federal Election Commission data compiled by crypto market and blockchain analyst James Delmore and independently verified by […]
Larry Ellison becomes world’s second-richest man, dethroning Jeff Bezos as Oracle stock surges
(CNBC) Oracle shares closed up 5.1% on Monday, continuing their recently rally and propelling Chairman Larry Ellison to become the world’s second-richest person, snatching the title from Amazon founder Jeff Bezos. Since the close of trading Friday, Ellison’s net worth has jumped $8.1 […]
David Tepper and ‘Big Short’ investor Michael Burry are upping bets on the Chinese economy
(CNBC) It’s getting late into 2024 and the world is still worried about China. From property woes to sluggish economic data, China appears to be suffering from long Covid. The country is still reeling from the effects of widespread lockdowns […]
Biden administration awards Intel up to $3 billion under the CHIPS Act
(CNBC) Shares of Intel jumped 8% in extended trading after the company announced it’s creating a separate entity for its foundry business, which could allow it to raise outside funding. Intel is building foundry plants in four states as part of its […]
Stock futures are little changed as investors await major Fed decision: Live updates
(CNBC) Stock futures were little changed Sunday night as investors await the Federal Reserve’s highly anticipated policy meeting, during which central bankers are expected to cut rates for the first time since 2020. S&P 500 futures hovered just above the flatline, while futures […]
Bitcoin network hits record level of power, but falling profits push miners to AI
(CNBC) On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash rate hit an all-time high. Hash rate refers to the collective computing power of all miners in the bitcoin network, and the recent […]
Point72 to return billions in bid to cap assets
(Hedgeweek) Steve Cohen’s Point72 Asset Management is preparing to return a significant portion of capital to investors for the first time, joining other large multi-strategy hedge funds that are capping assets after a period of rapid growth, according to a […]
Elliott Advisors ups Director pay by 382% despite revenue dip
(Hedgeweek) Elliott Advisors, the UK arm of activist hedge fund giant Elliott Investment Management, significantly boosted pay for its directors last year, despite a slight drop in revenue, according to a report by Financial News. To read this article: