Hedge Fund Industry News
A collection of Hedge Fund latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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Dozen hedge funds eye bonanza as Rogers-Shaw deal nears close
TORONTO/LONDON, Jan 27 (Reuters) - As one of Canada's most bitterly contested acquisitions nears the finish line, a dozen hedge funds including Citadel and Millennium Management are heaving a sigh of relief and sitting on profit of more than C$216…
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Dozen hedge funds eye bonanza as Rogers-Shaw deal nears close
As one of Canada's most bitterly contested acquisitions nears the finish line, a dozen hedge funds including Citadel and Millennium Management are heaving a sigh of relief and sitting on profit of more than $216-million on paper after a nearly…
Dozen hedge funds eye bonanza as Rogers-Shaw deal nears close
By Maiya Keidan and Nell Mackenzie TORONTO/LONDON (Reuters) - As one of Canada's most bitterly contested acquisitions nears the finish line, a dozen hedge funds including Citadel and Millennium Management are heaving a sigh of relief and sitting on…
K2 Hedge Fund Strategy Outlook: First Quarter 2023
The first half of 2023 is looking volatile, presenting an opportunity for tactical managers focused on equity selection, according to K2 Advisors. Read the team's latest outlook. We expect the first half of 2023 to be choppy as markets process…
Adani stocks shed $29bn as group launches share sale
Indian conglomerate seeks to raise $2.4bn days after short seller Hindenburg's report Receive free Adani Group updates We'll send you a myFT Daily Digest email rounding up the latest Adani Group news every morning. A sell-off of Adani Group shares…
Bitcoin heads for best start to year since 2013 as risk appetite grows
Bitcoin's price has surged 40% since the beginning of the year, according to Messari. The rally comes ahead of expected smaller rate hikes from the Federal Reserve next week. Other cryptos are rebounding too as the industry regains its $1 trillion…
Anthony Scaramucci 'bought SBF suit for trip that led to FTX downfall
Sam Bankman-Fried and Anthony Scaramucci went on a Middle East fundraising tour in October. Scaramucci told Insider he bought SBF a suit so the FTX CEO wouldn't wear a T-shirt with investors. He said SBF ended up saying 'nasty things' about a…
Alphabet's Layoffs Aren't Very Googley
In 2004, Google cofounders Larry Page and Sergey Brin engaged in a comically passive-aggressive IPO road show. They eschewed business suits for casual garb, refused to answer many questions from finance bigwigs, and warned investors that instead of…
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Trump fatigue' in New Hampshire complicates 2024 White House bid
WEARE, New Hampshire Jan 27 (Reuters) - When Donald Trump trounced his Republican rivals in New Hampshire's 2016 primary, the stunning win announced to other states the reality TV showman was a serious contender. Trump went on to capture the…
Sam Bankman-Fried's Prosecutors Ask Judge to Tighten Bail Conditions
Federal prosecutors in Manhattan said on Friday that the disgraced cryptocurrency executive Sam Bankman-Fried had tried to contact a potential witness in his criminal case, and they asked a judge to impose new bail conditions limiting his ability…
Gautam Adani's business loses $50 billion in market value after short seller report
New Delhi(CNN) The value of Gautam Adani's business empire has crashed by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, published a blistering report accusing it of fraud. India's Adani…
Generative AI should pay human artists for training
Painters and singers need legal protection from the revolution in algorithmic creativity Receive free Artificial intelligence updates We'll send you a myFT Daily Digest email rounding up the latest Artificial intelligence news every morning. A flat…
Russian-born city trader named as Britain's biggest taxpayer
A Russian mathematician and City billionaire has become the UK's highest taxpayer, racking up an estimated bill of nearly £490m. Alex Gerko, who was born in Moscow but holds dual Russian-British citizenship, is the founder of robot trading…
Bitcoin on Track for Best January Since 2013 Led by Bullish Trading in US Hours
Bitcoin (BTC) is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by stateside…
Goldman Sachs CEO makes $25 million after 30% pay cut
Goldman Sachs CEO David Solomon took a salary cut in 2022, making just $25 million in compensation. His performance-based pay fell by about 30% from $35 million in 2021. Solomon's annual base salary is $2 million, and he made $23 million in annual…
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