Monthly Archives: August 2021
The pressure is on for Powell and the Federal Reserve to manage the exit from ultra-easy policies
(CNBC) For the Federal Reserve, implementing the easiest monetary policy in the institution’s history was tough enough. Getting out will be no treat, either. That is what the central bank faces on its road ahead. Investors today will hear more […]
Stock futures are flat ahead of Fed’s Jackson Hole symposium
(CNBC) Stock futures are flat in overnight trading Thursday ahead of the Federal Reserve’s annual Jackson Hole symposium with investors looking for more details into the central bank’s plans to taper monetary stimulus. Futures on the Dow Jones Industrial Average […]
U.S. corporate profits soar in second quarter; economic growth raised
(Reuters) U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices, suggesting that an anticipated slowdown in economic growth this quarter because of soaring COVID-19 cases could be temporary. To […]
Multi-strategy investor flows top net $5bn during July
(Opalesque) Multi-strategy performance took a hit in July, down 1.1%, but continues to hold up well in 2021. The HFM Multi-strategy Index was up 9.1% YTD through July, slightly trailing the event-driven and L/S equity indices, but ahead of the […]
Lawyers behind Ackman’s retreat may target more SPACs
(Reuters) The group, which includes former U.S. Securities and Exchange Commissioner Robert Jackson, filed lawsuits last week against three blank-check acquisition firms: GO Acquisition Corp, E.Merge Technology Acquisition Corp and Ackman’s Pershing Square Tontine Holdings. The lawsuits accuse the SPACs […]
Hedge fund short sellers rocked by Sainsbury’s share price surge amid Apollo takeover talk
(Hedgeweek) Hedge funds betting against Sainsbury’s have been left counting the cost of their negative wagers this week after the FTSE 100-listed supermarket giant saw its share price rocket on the back of fresh takeover rumours. To read this article:
Hedge fund managers down 0.27% in July
(Opalesque) Hedge fund managers were down 0.27% in July, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 0.40% during the month. In terms of 2021 performance, global hedge funds were up 7.85%, recording […]
U.S. probes Deutsche Bank’s DWS over sustainability claims
(Reuters) U.S. authorities are investigating German lender Deutsche Bank’s asset management arm DWS Group after the firm’s former head of sustainability said it overstated how much it used sustainable investing criteria to manage its assets, the Wall Street Journal reported […]
Stocks extend their rally with S&P 500 and Nasdaq hitting fifth straight day of gains
(CNBC) U.S. stocks climbed Wednesday, helped by banks and reopening stocks as the 10-year Treasury yield edged higher. The Dow Jones Industrial Average rose 39.24 points, or 0.1%, to 35,405.50. The S&P 500 added 0.2% to a new closing high […]
Hedge funds could be staging a comeback as short bets post best month since 2010
(CNBC) Short selling is booming again after almost being left for dead due to the GameStop mania, reviving hope that hedge funds could turn things around in 2021. Hedge funds’ short book generated in July the best alpha since 2010, […]
Hedge funds and private equity improve ESG focus yet face differing reporting and monitoring challenges
(Hedgeweek) Hedge funds and private equity are both improving their transparency over ESG. However, while on the private equity side, ESG is more seen as an investment opportunity, complexities remain on the hedge fund side around issues of reporting and […]
Ackman committed to finding a deal for PSTH; sold Agilent to raise cash
(Reuters) Billionaire investor William Ackman, who last year launched the biggest-ever special-purpose acquisition company, said on Tuesday he remains committed to finding a merger partner for his blank-check company Pershing Square Tontine Holdings Ltd (PSTH). To read this article: