Category Archives: Syndicated

Antares Capital racks up $3bn for a latest private credit fund

(Opalesque) Antares Capital Advisers, the registered investment adviser arm of Antares Capital, has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed companies. The middle-market lender said that […]

The market isn’t convinced the Federal Reserve can achieve its inflation objective

(CNBC) For the past decade or so, the Federal Reserve has been quite effective in helping to create inflation, just not the kind that it normally targets. The Fed’s perpetually easy monetary policy, consisting of historically low short-term interest rates […]

Managed futures report another month of gains in August

(Opalesque) Managed futures funds turned in another positive month in August returning 0.18%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.73% through August. “The S&P 500 extended […]

Stock futures are flat in overnight trading after Dow snaps a 4-day win streak

(CNBC) Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names. Futures on the Dow Jones Industrial Average rose about 20 points. The S&P 500 futures and the Nasdaq 100 […]

Snowflake’s first-day pop means IPO left $3.8 billion on the table, the most in 12 years

(CNBC) One of the biggest problems with the traditional IPO process (and there are several) is that it’s impossible to say whether a deal is a success or a failure.  Snowflake, the cloud-based data management company that’s 2020?s biggest IPO, […]

Covestro says it is not in takeover talks with Apollo

(Reuters) German plastics maker Covestro 1COV.DE knocked back a report on Friday that it was in takeover talks with private equity firm Apollo Global Management APO.N. “I can confirm that we are not in takeover talks with Apollo,” spokesman Lars […]

Bullish market activity in 2021 will cost jobs, $7 billion money manager predicts

(CNBC) Money manager Kevin Nicholson expects the stock market to stabilize and rise in early 2021. But the co-chief investment officer of global fixed income at RiverFront Investment Group warns it’ll come at a cost to the jobs market. To […]

Apollo jumps into impact investing with a new team

Opalesque) Apollo Global Management is venturing into the world of impact investing, following some of its biggest peers in targeting funds dedicated to sustainability. The New York-based global alternative investment manager announced the leadership team for the new platform known […]

A low-profile investor who bet on Snowflake eight years ago is up more than $12 billion after IPO pop

(CNBC) Two months after Facebook’s massive IPO in 2012, venture capitalist Mike Speiser was a few miles away from the social networking company, incubating a software start-up from his nondescript office near a movie theater in Palo Alto, California. The […]

Warren Buffett’s Berkshire Hathaway just made a fast $800 million on Snowflake’s surging IPO

(CNBC) Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast billion bucks from a type of investment he once mocked. Berkshire Hathaway bought $250 million worth of Snowflake stock at the IPO price and […]

Hedge fund industry up 2.42 per cent in August, says Backstop BarclayHedge

(Hedgeweek) As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42 per cent in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of […]

Hedge funds weighed down by “clunky” trading processes risk further hit from volatility spike

(Hedgeweek) Outdated trading systems and clunky manual processes are hampering hedge funds’ efforts to swiftly execute trade orders to the market, resulting in an annual hit of some USD8 million – which could worsen in the event of renewed volatility […]