Monthly Archives: June 2020
Hedge fund WorldQuant hires ex-Google scientist to up its AI game
(Reuters) – Hedge fund WorldQuant hired computer scientist Yoram Singer, a former principal scientist at Google (GOOGL.O), as its chief AI scientist as Wall Street races to use machine learning to decipher trading signals, a person familiar with the matter […]
Stock futures are higher after Thursday’s wild ride, jobs report looms
(CNBC) U.S. stock futures were higher in Friday early morning trade, after the market took a breather from its strong run-up to start the month. Dow Jones Industrial Average futures traded 137 points higher, implying a gain of around 128 […]
Morgan Stanley says the U.S. ‘will not want to break the phase one deal’ with China
(CNBC) The U.S. will not likely want to “break” its so-called phase one trade deal with China, even though tensions between the two countries have escalated in recent weeks, a Morgan Stanley economist said on Friday.U.S. President Donald Trump said […]
Turkey raises withholding tax to 15% for hedge funds, bans establishment of new ones
(Reuters) – Turkey has raised the withholding tax on hedge funds’ transactions to 15%, a statement on the Official Gazette showed on Wednesday, while the capital markets watchdog indefinitely banned the establishment of new foreign currency hedge funds. To read […]
South Florida Investment Adviser and Its President Charged with Books, Records and Registration Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Miami, Florida-based E*Hedge Securities, Inc. and its President, Devon W. Parks, for failing to provide required books and records during a Commission examination and for improperly registering with the Commission […]
Macro hedge funds lead the pack in May – but Lyxor urges caution on oil rally
(Hedgeweek) Global macro managers have outflanked the rest of the hedge fund pack in recent weeks, with discretionary funds and emerging markets-focused strategies building momentum as markets recovered and oil prices rebounded, new analysis by Lyxor Asset Management shows. To […]
What it’s like to buy $9 billion in stocks during a market crash — this fund manager did just that
(Marketwatch) David Giroux of T. Rowe Price describes what life was like during the worst moments of the stock market downturn To read this article:
Small-caps have led since April, but could be set for a ‘summer setback,’ analysts warn
(Marketwatch) The expiration of government stimulus is a key risk for small-cap equities. To read this article:
The Fed has made valuing stocks like ‘cheating off the F student,’ strategist says
(Marketwatch) David Rosenberg, chief equity strategist at Rosenberg Research, has been saying for some time the market is running on a Federal Reserve-induced high. In a note to clients on Tuesday, he said relative value in the current environment doesn’t […]
Stock futures little changed as Wall Street rally looks set to pause
(CNBC) Investors dangerously piling into value stocks, Credit Suisse’s Mandy Xu warns. Futures contracts tied to the major U.S. stock indexes idled during the overnight session Wednesday evening on the heels of yet another robust day on Wall Street and […]
NFA permanently bars former Winter Park, Fla. commodity trading advisor Fintech Investment Group, Inc.
(Opalesque) NFA has permanently barred Fintech Investment Group, Inc. (Fintech), a former NFA Member commodity trading advisor and forex firm located in Winter Park, Fla., and its former sole principal and associated person Alan Friedland from membership and from acting […]
Passive strategies see largest inflows from investors since 2005
(Opalesque) Traditional asset managers reported institutional assets under management of $28.3 trillion through Q1 2020 to eVestment. Net institutional flows totaled +$59.9 billion in the most recent quarter and -$117.7 billion over the last four quarters.Institutional investors allocated +$49.4 bn […]
