Monthly Archives: November 2021
Market’s biggest bull sees year-end rally, but warns it’s setting up Wall Street for a scare next year
(CNBC) Chris Harvey’s reign as the year’s biggest bull won’t extend into next year. The Wells Fargo Securities head of equity strategy, whose 2021 S&P 500 target is 4,825, predicts Wall Street will stage a vibrant year-end rally and then […]
CTAs on track to finish October with a flourish
(Reuters) CTAs and trend-following hedge funds have strengthened their returns as October draws to a close, with recent gains pushing the sub-sector’s year-to-date returns further into double-digit territory. To read this article:
E-Commerce Startup and CEO Charged With Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. Chapin, […]
Credit Suisse commercial property fund to liquidate amid big discount
(Reuters) A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the COVID-19 pandemic, the Swiss bank […]
Stock futures fall as Wall Street is set to wrap up a historic November
(CNBC) Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 172 points. Meanwhile, S&P 500 futures and Nasdaq 100 futures traded […]
Perella Weinberg close to merger talks with blank-check company:
(reuters) Investment bank Perella Weinberg Partners is in advanced discussions to combine with the blank-check company FinTech Acquisition Corp IV, the Financial Times reported here on Sunday, citing people familiar with the matter. To read this article:
Salesforce buying Slack would mark the first big software deal in a boom year for the cloud
(CNBC) The tech industry has seen some hefty deals announced during the 2020 pandemic, including several in the tens of billions of dollars. But not in software.That could change soon. Salesforce, which has been one of tech’s biggest acquirers in […]
Black Friday online shopping on track to hit record as holiday shoppers skip stores
(CNBC) Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and avoided stores during the coronavirus pandemic, according to preliminary data from Adobe Analytics. As of late Friday, […]
US public pensions up commitments to hedge funds by $2.2bn in Q3, taking the YTD total past $10bn
(Opalesque) Interest in credit hedge funds takes YTD allocations past $10bn: US public pensions increased gross commitments to hedge funds by $2.2bn in Q3, taking the YTD total past $10bn, said a study. To read this article:
Current Volatility Levels are Proving a “Sweet Spot” for Alpha-Focused Funds
(Hedgeweek) Markets look set to remain in a “sweet spot” of heightened volatility – driven by Covid-19 uncertainty and the fallout from the US presidential election – offering a wealth of opportunities for alpha-focused strategies. To read this article:
Zoom investors are looking to a post-pandemic 2021 even with current growth at over 300%
(CNBC) Zoom is poised to show another monster quarter when it reports results on Monday, with sales growth expected to top 300% for a second straight period. To read this article:
Hedge funds must do more to foster collaboration with LPs
(Hedgeweek) November looks like it could be a superb month for equity-focused hedge funds on the back of Biden’s presidential victory and the three Covid vaccine announcements. And with hedge funds up over 5 per cent YTD, November’s turbo boost […]