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GameStop plummets 35% as short-squeeze conditions dissipate (GME)
Summary List PlacementGameStop shares plummeted 35% on Monday before recovering slightly as the short-squeeze conditions that brought in Reddit's day trader army begin to dissipate.Short interest in...
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Janet Yellen, the SEC, and top financial regulators will reportedly meet this...
Summary List PlacementTreasury Secretary Janet Yellen has called a meeting of top financial regulators for this week to look into market volatility amid the GameStop trading saga, Reuters reported.The...
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The CEOs of Robinhood, Reddit, Melvin Capital, and Citadel, as well as...
Summary List PlacementThe CEOs of brokerage app Robinhood, social-media site Reddit, hedge fund Citadel, and investment-management firm Melvin Capital will testify as part of a House hearing into the...
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Citadel's Ken Griffin and Melvin Capital's Gabe Plotkin are about to get...
Summary List PlacementThe men — and it's almost always men — who run hedge funds don't speak publicly, and they definitely don't like doing so in front of Congress. But compared to the last time...
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Reddit and Robinhood are testifying to Congress today about GameStop's...
Summary List PlacementThe House Committee on Financial Services today grilled the power players involved in last month's GameStop trading frenzy.The CEOs of Reddit, Robinhood, Melvin Capital, and...
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Billionaire Ken Griffin is testifying before Congress about the GameStop...
Summary List PlacementIt seems that wherever you look in the GameStop frenzy, there's a Ken Griffin connection. On Thursday, Griffin will testify before Congress as part of a hearing examining the...
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Rep. Brad Sherman rips into Citadel CEO Ken Griffin: 'You are wasting my...
Summary List PlacementRep. Brad Sherman accused Citadel CEO Ken Griffin of "wasting his time" during a Congressional hearing about January's GameStop stock trading frenzy on Thursday. Sherman, a...
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Congress just grilled a group of CEOs over the GameStop stock price fiasco in...
Summary List PlacementJust weeks after the GameStop stock bubble popped, the US House of Representatives Financial Services Committee held an hours-long hearing examining what happened.Though that...
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Payment for order flow models "undermine the relationship between the broker...
Summary List PlacementIn a Tuesday hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs, Senators sat down with five experts to discuss "Who Wins on Wall Street?...
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Balyasny technology portfolio manager Elliott Wilson is heading to $3.7...
Summary List PlacementElliott Wilson is taking his talents to a different hedge fund in San Francisco.Wilson, a technology portfolio manager for Balyasny in the Bay Area, is joining $3.7 billion...
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Robinhood and other 'low cost' brokers are still quietly screwing over their...
Summary List PlacementThe ongoing fiasco that grew out of online broker Robinhood's decision to limit customers' ability to buy "meme stocks" like GameStop in January has produced a lot of noise, but...
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Must-know promotions, exits, and hires at firms like BlackRock, Citadel,...
Summary List PlacementHere's a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.BlackRock has hired Stephanie Smith to be the new chief operating...
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Citadel poached Citi's head of equity derivatives trading in the US, the...
Summary List PlacementCitadel has poached the head of equity derivatives trading in North America from Citigroup, the latest in a string of buy-side defections from Citi's derivatives unit. Dan...
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The hedge fund that lost more than 50% in a single month betting against...
Summary List PlacementMelvin Capital closed out of all its public short positions in the first quarter following a battle earlier this year with GameStop enthusiasts who drove up the share price and...
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Hedge funds like Millennium, Citadel, and Blackstone have dumped shares in...
Summary List PlacementThe once-red hot market for special-purpose acquisition companies (SPACs) has finally cooled.The Michael Klein-backed Churchill Capital Corp. IV, once a darling of the SPAC...
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Must-know promotions, exits, and hires at firms like Apollo, JPMorgan, and...
Summary List PlacementHere's a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.A leadership shakeup at JPMorgan provides new clues about who will...
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A former head of macro strategy at legendary investment firm Citadel lays out...
Summary List PlacementSecuring a senior position at the top trading and investment firm often results in having to sign a non-compete clause, which means agreeing to stay out of the game for a set time...
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Robinhood CEO backs SEC chief's push to modernize the stock market and 'level...
Summary List PlacementRobinhood CEO Vlad Tenev endorsed an SEC push to refine how stocks are priced, writing in a blog post that the move would "level the playing field" for retail investors.Tenev...
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Michael Gelband's $13.3 billion ExodusPoint is losing top tech talent as...
Summary List PlacementTwo of Michael Gelband's top tech personnel have left his $13.3 billion firm ExodusPoint Capital Management, sources told Insider.Sonny Baillargeon and Anil Chandroth — the global...
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Investment firms like Citadel and Tiger Global are snapping up NYC office...
Summary List PlacementHigh-flying financial players such as hedge funds, private-equity firms, and other boutique investment companies are expanding their Manhattan offices like it's 2019.The activity...
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