Monthly Archives: March 2022

Hedge Funds That Took Roman Abramovich’s Billions Have No Way Out

(Bloomberg) When Concord Management came calling with the promise of checks for as much as $100 million, more than 100 hedge funds and private equity firms jumped at the offer.   Most of the $6 billion behind Concord belongs to […]

Goldman Sachs to purchase Robo-adviser NextCapital

(Opalesque) Goldman Sachs Asset Management (GSAM) has agreed to acquire Chicago-based managed account provider NextCapital Group as it expands its asset-management services. The acquisition ranks among the top five asset management deals New York-based Goldman has done, according to the […]

Apollo drops takeover offer for education group Pearson

(Reuters) Education group Pearson (PSON.L) said on Wednesday it had rejected a third takeover offer from Apollo, valuing it at 6.7 billion pounds ($8.8 billion), prompting the U.S. investment company to walk away and sending its shares down 12%. Pearson […]

Treasury yields fall as investors keep watch over bond spreads

(CNBC) U.S. Treasury yields were mostly lower on Wednesday with investors keeping an eye on the spreads between bonds, after the 5-year and 30-year rates flipped at the start of the week. The yield on the 5-year Treasury moved down […]

Investors believe the biggest threat to the markets now is a Fed misstep

(CNBC) Forty-six percent of the survey respondents said a Fed misstep could have the potential to derail the bull market, while 33% said surging U.S. inflation poses a major threat. Eleven percent listed further aggression from Russia after its invasion […]

Enjoyed the last 12 years? You’re going to hate the next six.

(Opalesque) Global equities, bonds, cryptocurrencies, NFTs, and other asset classes have existed in a fake and unnatural market environment for so many years that investors have become lulled into believing the environment is actually normal. Global markets have been engineered […]

SEC Proposes Rules to Include Certain Significant Market Participants as “Dealers” or “Government Securities Dealers”

(HedgeCo.Net) The Securities and Exchange Commission has proposed two rules that would require market participants, such as proprietary (or principal) trading firms, who assume certain dealer functions, in particular those who as act as liquidity providers in the markets, to […]

Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach

(CNBC) Investor Bill Ackman said Tuesday that he will no longer take part in vocal activist short selling campaigns, a practice he engaged in that led to one of the most colorful battles in Wall Street history. “Despite our limited […]

Credit Suisse faces $500 mln plus bill after PM wins court case

(Reuters) A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from Credit Suisse’s local life insurance arm in a costly setback for the bank. The […]

Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gains

(CNBC) U.S. equities futures dipped slightly Tuesday evening after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine. Futures tied to […]

Treasury yields decline, key bond spread narrows with jobs data and Russia-Ukraine war in focus

(CNBC) Treasury yields declined on Tuesday as traders monitored negotiations between Ukraine and Russia the relationship between short and long-term bonds. The yield on the 5-year Treasury note retreated 7 basis points to 2.495% in afternoon trading, while the yield […]

Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs

(CNBC) Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is heading for recession. To read this article: