(CNBC) Stock futures were little changed Wednesday night. Futures tied to the Dow Jones Industrial Average lost 14 points, trading near flat. S&P 500 futures and Nasdaq-100 futures were also near their flatlines. The moves come amid a hectic week for stocks. The three major indexes ended Wednesday higher, with the Nasdaq Composite leading the way with a roughly 1.8% jump. To read this article ..read more

(Hedgeweek) Standard General is suing the US Federal Communications Commission (FCC) over its decision to hold hearings into the hedge fund’s planned $5.4 billion acquisition of TV station operator Tegna, according to a report by Reuters. To read this article ..read more

(Hedgeweek)New York-based hedge fund firm Mass Ave Global, has written to investors informing them that it has decided to liquidate its China and Asia-focused funds and close its office in Hong Kong, according to a report by Reuters. To read this article ..read more

(Hedgeweek) Extracting accurate data is one of the biggest reconciliation challenges buy-side investment managers face just over a year out from T+1 for US equities, according to new research from Gresham Technologies, in association with WBR Insights. To read this article ..read more

(CNBC) The proliferation of artificial intelligence programs such as ChatGPT and Alphabet’s BardAI has already made big waves in financial markets, and a new study suggests that one day those programs may be able to trade in those markets all on their own. The investment industry has long used algorithms and quantitative trading programs in an effort to boost profits, but the recent breakthroughs in AI opens up new possibilities. To read this article ..read more

(Opalesque) Private wealth represents “a phenomenal opportunity for the alternatives industry” as it is increasingly being used to fund alternative investments, said a study. According to the report by data provider Preqin, fund managers are increasingly pivoting towards the private wealth industry when it comes to capital raising, as it has become more difficult to achieve the same from institutional investors and private capital. To read this article ..read more

(HedgeCo.Net) The Securities and Exchange Commission has charged former broker Surage Kamal Roshan Perera and his firm, Janues Capital Incorporated, with defrauding at least one investor out of millions by lying about investment opportunities and strategies, concealing trading losses, and using funds received from others to give the victim the promised returns in Ponzi-like fashion. The SEC has obtained emergency relief in court, including a temporary restraining order and an asset freeze. According to the SEC’s complaint, from February 2022 until March 2023, Perera, a Long Island, NY resident ..read more

(CNBC) U.S. stock futures ticked higher Tuesday night after the major averages declined on the back of higher bond yields. Dow Jones Industrial Average futures rose by 41 points, or 0.13%. S&P 500 and Nasdaq 100 futures climbed 0.14% and 0.09%, respectively. To read this article ..read more

(CNBC) FTX co-founder Sam Bankman-Fried paid out tens of millions of dollars worth of bribes to at least one Chinese government official, federal prosecutors alleged in a new indictment Tuesday. The indictment said accounts belonging to Bankman-Fried’s hedge fund, Alameda Research, were the target of a freezing order from Chinese police “in or around” November 2021. To read this article ..read more

(CNBC) Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter. Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil lawsuits tied to the convicted sex offender Epstein. To read this article ..read more