Category Archives: Syndicated

100 leading hedge fund managers reveal widespread enthusiasm for quant strategies

(Opalesque) 80% of hedge fund managers expect institutional investors to increase their allocation to quant strategies in the next twelve months, said a study. The 100 leading hedge fund managers surveyed, who collectively manage over $231 billion in AUM, also […]

As the economy hits its peak, stock market gains could be harder to come by

(CNBC) Diminishing economic returns could mean diminishing stock market returns as the U.S. transitions to a post-pandemic economy. Wall Street increasingly is talking about peak growth in both the economy and corporate earnings as a stimulus-fueled recovery gives way to […]

Goldman Sachs joins Wall Street rivals in boosting junior banker salaries

(CNBC)There’s a new minimum wage on Wall Street. Goldman Sachs is giving its junior bankers a pay raise, the last major Wall Street firm to do so in a year where record deal-making activity has led to fierce competition for […]

How language in the infrastructure bill could roil the crypto markets

(CNBC) The cryptocurrency industry is lobbying hard this week against language in the Senate’s bipartisan infrastructure bill proposal that could choke a vast amount of the crypto ecosystem. Language in the bill would require crypto brokers to report customer information […]

Broadridge acquires post-trade solutions business

Hedgeweek) Broadridge Financial Solutions has acquired Alpha Omega, a market-leading FIX-based post-trade solutions provider for the investment management industry. This acquisition builds on Broadridge’s recent acquisition of Itiviti.  To read this article:

Wall St Week Ahead Earnings bounce, bond-yield drop help keep party going for U.S. stocks

(Reuters) A rebound in corporate profits and the recent drop in bond yields are helping to moderate U.S. equity valuations, bolstering the case for owning stocks even as markets stand near records and economic growth is expected to slow. To […]

U.S. equity funds see big inflows on earnings optimism – Lipper

(Reuters) U.S. equity funds saw strong inflows in the week to July 28, bolstered by optimism over earnings and hopes for a faster economic recovery from the COVID-19 pandemic. U.S. equity funds attracted a net $8.03 billion, the biggest inflow […]

HSBC’s half-year reported pre-tax profit more than doubles to $10.8 billion

(CNBC) HSBC said Monday its reported pre-tax profit jumped to $10.8 billion in the first half of 2021 — beating estimates by analysts. The bank’s revenue fell 4% from a year ago to $25.6 billion in the first half of […]

July jobs report could be what gives the market its next big jolt in the week ahead

(CNBC) Friday’s jobs report could be a catalyst that helps determine whether markets are volatile or will trade like it’s the quiet dog days of August. More than a quarter of the S&P 500 report earnings in the coming week. […]

Dow futures rise more than 100 points ahead of the first trading day of August

(CNBC) U.S. stock futures rose in overnight trading on Sunday as investors geared up for the first trading day of August. Dow futures rose 135 points. S&P 500 futures gained 0.4% and Nasdaq 100 futures added 0.35%. To read this […]

Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg suggests

(CNBC) Investors may want to start August by lightening up on the reopening trades. Longtime market bear David Rosenberg warns surging Covid-19 delta variant cases paired with the culmination of fiscal stimulus will crush stocks tied to the economic recovery. […]

Fed holds rates near zero, says economy has gotten better even with pandemic worries

(CNBC) The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest […]