Monthly Archives: November 2020
FireEye to get $400 mln investment led by Blackstone
(Reuters) – Cyber-security company FireEye Inc said on Thursday it will receive a $400 million strategic investment from private equity firm Blackstone and venture capital firm ClearSky. To read this article:
Start-up hedge fund Ironhold scopes US-India dynamic with novel equity-currency approach
(Hedgeweek) Launched earlier this year, New York-based Ironhold Capital’s equity-focused hedge fund is seeking to capitalise on opportunities in value-oriented stocks across the US and India. To read this article:
Gold dips as Mnuchin recalls pandemic-related funds
(Reuters) – Gold prices fell on Friday after U.S. Treasury Secretary Steven Mnuchin called for an end to some of the Federal Reserve’s pandemic lending, sparking uncertainty about stimulus programmes that have played a key role in reassuring financial markets. […]
Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases
(CNBC) Stocks closed slightly higher on Thursday as traders increased their exposure to major tech names amid a rising number of coronavirus cases. The Dow Jones Industrial Average gained 44.81 points, or 0.2%, to close at 29,483.23. Earlier in the […]
HHS Secretary Azar says Pfizer is expected to file FDA application for coronavirus vaccine Friday with Moderna soon to follow
(CNBC) Health and Human Services Secretary Alex Azar said Thursday that Pfizer is expected to file an application to the FDA for emergency use of its coronavirus vaccine on Friday, with Moderna soon to follow. To read this article:
Under pressure from Wall Street, General Motors has no interest in spinning off EV business
(CNBC) General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a […]
Hedge funds sold Moderna, BioNtech shares before vaccine news
(Reuters) – A number of hedge funds sold positions in two drug companies leading the race to a coronavirus vaccine in the quarter before both announced breakthroughs that lifted their stock prices, while a few took stakes in the companies […]
Another bitcoin bubble? This time it’s different, backers hope
(Reuters) – With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around. To read this article:
Dow could hit the 40,000-point level next year, analyst says
(CNBC) he Dow Jones Industrial Average stock index has the potential to reach the 40,000-point mark in 2021, according to Patrick Spencer, the vice chair of equities at investment bank Baird. To read this article:
Too high? Hedge funds unimpressed by Canadian cannabis stocks’ rally
(Reuters) – A rally in Canadian cannabis stocks since Joe Biden was declared U.S. president-elect has done little to change hedge funds’ bearish view on the industry as money managers say the election outcome may not solve the troubles of […]
The liquidity spectrum: How 2020’s black swans became “the new normal”, confronting hedge fund strategies of all stripes
(Hedgeweek) With surges in volatility tipped to become increasingly frequent, so-called “black swan” events are more likely to become part of “the new normal”, speakers at this year’s Hedgeweek LIVE Europe summit heard. To read this article:
Atlanta Investment Adviser Charged with Fraudulent Securities Offering and Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission charged Atlanta, Georgia-based investment adviser Christopher Burns with defrauding investors and misappropriating investor funds. According to the SEC’s complaint, Burns, through his investment adviser firm Investus Advisers LLC d/b/a Dynamic Money LLC, sold more […]