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HF News
 
Man Group reports a 5% increase in Q1 AUM at $175.7bn
Posted: Fri, 19 Apr 2024 00:00:00 +0000, Opalesque
 
Laxman Pai, Opalesque Asia: World 's largest publicly traded hedge fund Man Group reported a nearly five percent increase in its assets under management (AUM) for the first quarter of 2024, compared to the last quarter of 2023. The British hedge fund manager said in a press release that its AUM tota...
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With 7520 deals, global VC investment falls to its lowest level in five years to $76bn in Q1'24
Posted: Thu, 18 Apr 2024 23:58:20 +0000, Opalesque
 
Laxman Pai, Opalesque Asia: Global venture capital (VC) investment dropped from $83.8 billion in Q4'23 to $75.9 billion in Q1'24 while the number of VC deals dropped from 9,458 to 7,520 over the same period, revealed a study. According to KPMG Private Enterprise, the fall is attributed to geopolitic...
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Hedge funds post a weighted average return of 7.3% in Q1 2024
Posted: Thu, 18 Apr 2024 23:56:40 +0000, Opalesque
 
Hedge funds enjoyed the best quarter since the pandemic in Q1 2024, with a weighted average return of 7.3%, as Equity funds delivered near double-digit returns. In total, 79.85% of funds administered by the Citco group of companies (Citco) achieved positive returns in Q1, with all strategy and Asse...
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Some hedge funds too big to fail for bond market, IMF says
Posted: Thu, 18 Apr 2024 23:55:00 +0000, Opalesque
 
From Bloomberg: A small group of funds has accumulated such large short wagers in the Treasury market that they could destabilize the broader financial system during times of stress, according to the International Monetary Fund. "A concentration of vulnerability has built up, as a handful...
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Ken Griffin's hedge fund Citadel to move to new London development
Posted: Thu, 18 Apr 2024 23:53:20 +0000, Opalesque
 
From Financial News: Ken Griffin's hedge fund Citadel is moving to a new base in the City of London. The hedge fund giant has signed an agreement to lease more than 250,000 square feet of workspace in twin skyscraper development 2FA, a joint venture between British Land and Singaporean sovereign wea...
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Hedge fund formerly advised by former Australian Reserve Bank governor goes under
Posted: Thu, 18 Apr 2024 23:50:00 +0000, Opalesque
 
From AFR: A Perth-based hedge fund that previously counted former Reserve Bank governor Glenn Stevens on its investment committee has gone belly up after being unable to hash out a deal with debt holders after its financial licence was suspended. NWQ Capital Management's financial services licence...
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Brevan Howard cuts more than 100 staff in restructuring push
Posted: Thu, 18 Apr 2024 23:48:20 +0000, Opalesque
 
From Bloomberg: Brevan Howard Asset Management is cutting around 10% of its workforce - or about 100 employees - to reduce costs as one of the world's best known hedge funds streamlines its rapidly growing operation. The cuts include about 20 traders and are mostly focused on back-office and techno...
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Private credit problems could surface in future, J.P. Morgan, Goldman execs say, Private credit isn't 'a monolith,' says Copia's Shundrawn Thomas
Posted: Thu, 18 Apr 2024 23:46:40 +0000, Opalesque
 
Private credit problems could surface in future, J.P. Morgan, Goldman execs say From PIonline.com: Executives at two major financial institutions on April 18 said the private credit market currently poses little systemic risk, but those risks will multiply as the market continues to grow and the ...
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Market News
 
Amazon, With Little Fanfare, Emerges as Advertising Giant
Posted: Tue, 27 Nov 2018 07:53:44 EST, wsj, technology
 
Its push is happening online, on devices such as FireTV and on delivery boxes, challenging the big ad sellers, including Facebook, Google and TV networks. Marketers are conflicted between wanting the company’s data and fearing it as a competitor.
 
 
Silicon Valley's Stock Exchange Meets SEC Roadblock
Posted: Tue, 27 Nov 2018 07:56:12 EST, wsj, technology
 
The Long-Term Stock Exchange—a market for the nation’s hottest startups–was opposed by a member of the Securities and Exchange Commission.
 
 
Huawei to Complete Network Project Despite Opposition
Posted: Tue, 27 Nov 2018 07:25:35 EST, wsj, technology
 
Chinese telecom giant Huawei will complete construction of an internet network in Papua New Guinea despite opposition from Australia, Japan and the U.S., after the Pacific nation dismissed cyberspying worries.
 
 
A New Kind of Lender Secretly Tracks Your Car to Make Sure You Pay Up
Posted: Tue, 27 Nov 2018 05:30:57 EST, wsj, technology
 
In China, a new type of internet loan comes with a catch: lenders can track your car’s whereabouts and can seize it if you fail to make payments.
 
 
Hey, Mom, Why Do You Have Five TV Remotes?
Posted: Tue, 27 Nov 2018 07:56:23 EST, wsj, technology
 
Young, tech-savvy adults struggle to work the collection of remote control devices at their parents’ house; “you’ll get picture but not sound.”
 
 
Apple's App Store Under Fire in Supreme Court Case
Posted: Mon, 26 Nov 2018 17:39:56 EST, wsj, technology
 
The tech giant’s exclusive market for selling iPhone apps came under fire at the Supreme Court, as justices considered whether consumers can proceed with a lawsuit claiming the company has an illegal monopoly.
 
 
Chinese Scientist Claims World's First Genetically Modified Babies
Posted: Mon, 26 Nov 2018 14:07:27 EST, wsj, technology
 
A Chinese scientist claims to have produced the world’s first genetically modified babies, stirring alarm among doctors who warn such experiments using nascent DNA-editing technology pose too many health and ethical risks.
 
 
NASA's InSight Spacecraft Lands Safely on Mars
Posted: Mon, 26 Nov 2018 20:40:43 EST, wsj, technology
 
NASA engineers celebrated as the $828 million InSight lander signaled a safe landing on Mars, where it will take the pulse of the Red Planet by monitoring seismic waves from quakes and meteor strikes.
 
 
United Tech to Break Itself Into Three Companies
Posted: Mon, 26 Nov 2018 19:20:31 EST, wsj, technology
 
The industrial conglomerate has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates.