Monthly Archives: September 2020
Billionaire Michael Hintze’s CQS Hedge Fund Is Down 42.5%
(Bloomberg) Billionaire Michael Hintze’s hedge fund is down 42.5% this year, with recent gains failing to make up for a slump during the market turmoil in March. To read this article:
Dow futures jump 300 points as Wall Street tries to recover after tech struggles
(CNBC) U.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months. Dow Jones Industrial Average futures traded 290 points higher. The S&P 500 and Nasdaq 100 futures […]
Nvidia to buy Arm Holdings from SoftBank for $40 billion
(CNBC) Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from SoftBank in a deal worth $40 billion, the companies announced Sunday. The deal will include $21.5 billion in Nvidia stock and $12 billion in […]
Wall Street has wanted an Apple bundle for years — soon it might get one
(CNBC) For Apple investors, the most exciting product the company could release this fall isn’t a new version of the iPhone or Apple Watch: It’s a bundle that tie some of the company’s subscription services together and give users with […]
Investors will look to the Fed to soothe the market this week, but that may be a tall order
(CNBC) Markets are looking to the Federal Reserve to be a soothing force when it meets this week, but stocks could remain choppy if the central bank disappoints and as investors focus on the election and the economic recovery. The […]
Bridgewater executive denies report claiming gender discrimination in pay
(Reuters) Bridgewater Associates’ director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund’s management including founder Ray Dalio and Chief Executive Officer David McCormick, […]
Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app
(CNBC) Goldman Sachs is one step closer to creating what it calls the digital bank of the future. The bank has just released the first version of a personal finance management tool that gives customers of its Marcus retail brand […]
New Jersey-Based Investment Adviser and Its President Charged with Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged Maplewood, New Jersey-based RRBB Asset Management, LLC and its president, co-owner and managing member, Carl S. Schwartz, with operating a cherry-picking scheme that defrauded RRBB’s clients. According to the SEC’s complaint, Schwartz […]
Neuberger Berman hauls in over $300m to close new alternative credit fund
(Opalesque) Asset management giant Neuberger Berman has raised more than $300m for the final close of the first NB Specialty Finance Fund. Neuberger Berman Specialty Finance (NBSF), an alternative credit offering of the $357 billion asset manager, said that it […]
Hedge funds prove agile and resilient as they embrace the new reality
(Opalesque) New research from KPMG International and the Alternative Investment Management Association (AIMA) finds that hedge funds are preparing to emerge from disruption caused by the coronavirus pandemic more resilient, adaptable, diverse, efficient, and productive. The report, Agile and Resilient: […]
Goldman now sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street
(CNBC) Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking forecast is now 14 percentage points ahead of the Wall Street […]
Dow futures up around 200 points following Thursday’s wild ride
(CNBC) U.S. stock futures traded higher early Friday morning after a volatile session in which the recent tech sell-off resumed. Dow Jones Industrial Average futures were up by 199 points. S&P 500 futures, along with Nasdaq 100 futures, both traded […]