Monthly Archives: August 2017

(New York Post) Wall Street just had its most profitable quarter ever — fueled in part by the skimpy returns paid out on savings accounts. US banks rang up record profits of $48.3 billion in the second quarter as the […]

(FINalternatives) Global asset manager Aviva Investors has tapped former Santander Asset Management executive Sunil Krishnan for the newly created role of head of multi-asset funds. To read this article

(Reuters) BHP Billiton on Wednesday unveiled a board shakeup that will see controversial director Grant King step down six months after joining the company amid concerns among investors over oil investments. King, a former chief executive of Origin Energy, was […]

(Bloomberg) Provident Financial Plc’s shares and bonds tumbled after the British subprime lender forecast a full-year loss and revealed it’s being probed by regulators. Chief Executive Officer Peter Crook stepped down. The U.K. Financial Conduct Authority is investigating the Vanquis […]

(Bloomberg) For Ron Shaich, the chief executive officer of Panera Bread Co., getting acquired by closely held JAB Holding Co. meant no longer having to worry about activist investors. Shaich, who recently sold the cafe chain he founded for $7.2 […]

(The Business Insider) U.S. stock index futures were lower on Wednesday as investors appeared to be in a risk-off mode a day after President Donald Trump said he will shutdown the U.S. government if necessary to build a wall along […]

(The Business Insider) Brent prices reached a 12-week high on Friday, while WTI Crude prices—although surging on the latest drop in the U.S. rig count—were not touching week-highs, suppressed by rising U.S. crude output. In a sign that investors are […]

(FINalternatives) Family Office Networks (FON) has launched a new online technology platform aimed at providing family offices with access to alternative investment products. The platform allows family offices to view, list and co-invest in investment opportunities that have been offered […]

(Institutional Investor) According to alternative investment research firm Preqin, hedge fund performance is on the rise, and managers are more upbeat about their fundraising prospects…. To read this article:

(Bloomberg) Goldman Sachs Group Inc., seeking a rebound in its commodities business after a bout of losing trades dented earnings, has a plan built around hiring fresh stars and luring new clients. The bank will bring in a few high-profile […]

(The Business Insider) A $3.4 billion hedge fund is poking holes in conventional thinking over tech behemoths Amazon, Google and Facebook – and hinting at a potential sell off in the sector. Tourbillon Capital, a New York-based hedge fund, raised […]

(Hedgeweek) Vincent Au, portfolio manager of Gondor Capital says that his onshore hedge fund Gondor Partners, LP returned 13.86 per cent in the first seven months of this year (+1.74 per cent in July) while his offshore fund, the Gondor […]