Category Archives: Syndicated
Walmart will report earnings before the bell — here’s what to expect
(CNBC) Walmart will report fiscal second-quarter earnings before the bell on Thursday, as the discounter tries to capitalize on customers hungry for lower prices. Here’s what analysts expect from the company for the three-month period, according to consensus estimates from […]
Hedge funds upped Activision stakes ahead of key court decision
(Hedgeweek) Pentwater Capital Management, Jericho Capital Asset Management, Balyasny Asset Management, and Citadel Advisors, all upped their holdings in Activision Blizzard during Q2 ahead of a key court ruling on the video-game maker’s proposed $69bn merger with Microsoft, according to […]
Michael ‘The Big Short’ Burry bets big on stock market downturn
(Hedgeweek) Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis and subsequent appearance in ‘The Big Short’ book, is betting on a downturn in the US stock market, according to […]
Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
(CNBC) Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated. To read this […]
PE firms adding hedge funds to approved lender lists
(Hedgeweek) Private equity firms, including buyout major KKR & Co, are beginning to add hedge funds to their ‘white lists’ of approved lenders used to arrange funding for leveraged buyout deals, according to a report by Bloomberg. To read this […]
JPMorgan hikes default forecast for emerging markets as Country Garden drives China contagion fears
(CNBC) JPMorgan raised its global emerging markets corporate high-yield default forecast, largely due to rising contagion fears in China’s property sector from a possible Country Garden default. The U.S.-based investment bank raised its 2023 global forecast to 9.7% from 6% […]
Stock futures are little changed as Wall Street looks beyond losing session: Live updates
(CNBC) Stock futures are near flat Tuesday night as investors came off a losing session that marked the latest leg down in an August slump. Futures tied to the Dow Jones Industrial Average added 2 points, trading near the flatline. […]
Digital assets funds see inflows of $29m
(Hedgeweek) Digital asset investment products saw inflows this week totalling $29m, likely due to recent US inflation data, which was slightly below expectations signifying that a September rate hike is less likely, according to the latest Digital Assets Fund Flows […]
MFA preps for SEC fee disclosure legal challenge
(Hedgeweek) A legal clash between hedge funds and private equity firms and the SEC is looming large over the regulator’s proposed plan to tighten rules on the disclosure of fees and dealing with investors, according to a report by Bloomberg. […]
US hedge funds dump China stocks in Q2
(Hedgeweek) Continued concerns over China’s economic prospects, coupled with ongoing geopolitical tensions, saw several US-based hedge funds including Coatue, D1 Capital and Tiger Global cut their exposure to Chinese companies in Q2, according to a report by Reuters. To read […]
Brevan Howard appoints Abu Dhabi-based Middle East CEO
(Hedgeweek) Jersey-based global macro hedge fund major Brevan Howard, which has over $35bn in assets under management, has appointed Oualid Lahsini as Chief Executive Officer of its Middle East business, and Head of Client Partnerships for MENA and Asia. To […]
UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
(CNBC) Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering of residential mortgage-backed securities dating back to the global financial crisis, federal prosecutors announced Monday. The bank, in its […]