Monthly Archives: September 2024

(CNBC) Stock futures hovered near the flatline Monday evening after the major averages rebounded from their worst week in 2024. Futures tied to the S&P 500 added 0.1%, while Nasdaq 100 futures advanced 0.1%. Dow Jones Industrial Average futures were little changed. To read this […]

(Hedgeweek) China’s covert strategy to manage its currency is exposing domestic banks to potential multi-billion-dollar losses, while providing hedge funds and other investors with lucrative profits, according to a report by Bloomberg. To read this article:

(Hedgeweek) Douglas Haynes, former President of Steve Cohen’s Point72 Asset Management, has abandoned his plans to launch a new hedge fund firm – Norias Research Group – citing challenges in raising sufficient capital, according to a report by Bloomberg. To […]

(CNBC) Oracle’s revenue increased 8% from $12.45 billion a year ago, according to a statement. Net income rose to $2.93 billion, or $1.03 per share, from $2.42 billion, or 86 cents per share, in the same quarter a year ago. At […]

(CNBC) CEO David Solomon said at a conference that by unloading Goldman’s GM Card business, as well as a separate portfolio of loans, the bank would post a hit to revenues when it reports results next month. It is the latest turbulence […]

(CNBC) Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% […]

(Hedgeweek) Emerging hedge funds are balancing competitive fee models and running lean operating models to remain attractive to investors, according to a new research report by the Alternative Investment Management Association (AIMA) in partnership with Marex Prime Services. To read […]

(CNBC) U.S. stock futures were lower on Sunday night following a tough week for the equity market. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures slid 0.2%. Futures tied to the Dow Jones Industrial Average fell by 22 points, or less than 0.1%. To […]

(CNBC) Cryptocurrency exchange Coinbase just wrapped up its worst week of the year. Bitcoin miner Marathon Digital tumbled 20%. A basket of crypto-related equities tracked by Schwab fell to its lowest level since February. The industrywide selloff reflected growing concerns about the health of the U.S. […]

(CNBC) Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike […]

(Hedgeweek) Abrdn has closed its Global Risk Mitigation Fund, citing poor returns and lack of investor interest. The hedge fund, which had struggled with negative performance since its inception, officially ceased operations on 30 August, according to a report by […]

(Hedgeweek) Hedge fund indices specialist HFR and fund intelligence platform Radient AI have formed a new strategic marketing partnership, and launched a hedge fund analysis platform driven by artificial intelligence. To read this article: