Category Archives: Syndicated
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
(CNBC) A major Wall Street firm is ranking financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter point interest rate hike, Wells Fargo Securities’ Michael Schumacher suggested […]
Cut-price bank AT1s attracting hedge fund interest
(Hedgeweek) Bank additional tier-1 (AT1) bonds, including those of Credit Suisse, are attracting the attention of large hedge funds and distressed debt investors, who are buying them up at discount prices, according to a report by Reuters. To read this […]
Emerging markets hedge funds extend Q4 2022 gains in January
(HedgeWeek) Emerging markets hedge funds surged in January, extending Q4 gains driven by rising US rates and continuing generational inflation, according to the HFRI 500 Emerging Markets Index, which jumped +4.9% over the month with gains seen across equity hedge […]
Credit Suisse AT1 bondholders may take legal action, say lawyers
(Hedgeweek) A number of Credit Suisse Additional Tier 1 (AT1) bond holders, who saw their investments written off completely under the terms of rival UBS’ rescue of the stricken bank, are talking to lawyers about possible legal action, according to […]
Stock futures are flat as investors await key Fed policy decision:
(CNBC) Stock futures were little changed Tuesday evening as investors braced for the Federal Reserve’s next move in its inflation-fighting rate hiking plan. Futures tied to the Dow Jones Industrial Average lost 9 points, or 0.03%. S&P 500 futures added […]
The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
(CNBC) The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it can stem a worse banking crisis. Economists mostly expect the Fed will increase its […]
Banking crisis to have limited impact on commodities, says Citadel
(Hedgeweek) While US hedge fund Citadel is expecting a tighter credit environment following the latest banking crisis, the firm’s head of commodities, Sebastian Barrack, is predicting limited impact on global commodities, according to a report by Reuters. To read this […]
Stock futures inch higher following Monday’s relief rally: Live updates
(CNBC) Stock futures rose slightly in overnight trading Monday after the market staged a relief rally on the hope that the banking turmoil would be contained. Futures on the Dow Jones Industrial Average gained 30 points. S&P 500 futures and Nasdaq […]
Hedge funds and other holders of $17bn of Credit Suisse bonds wiped out in UBS deal
(Hedgeweek) Hedge funds and other holders of $17 billion of Credit Suisse bonds have seen their investments wiped out completely under the terms of the bank’s $3 billion acquisition by rival UBS, according to a report by the Financial Times. […]
Amazon to lay off 9,000 more workers in addition to earlier cuts
(CNBC) Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday. The cuts are on top of the previously announced layoffs that began in November and extended into […]
Levinson shutters hedge fund after bond bets bomb
(Hedgeweek) Graticule Asia, a macro hedge fund founded by veteran macro trader Adam Levinson is shutting down after being hit by losses following the demise of Silicon Valley Bank (SVB) and the ongoing bond market volatility, according to a report […]
Event driven funds lead February gains
(Hedgeweek) Performance of hedge funds administered by the Citco group of companies (Citco) diverged across strategy types in February, with a weighted average return of 0.1%. At a strategy level, event driven funds delivered the highest weighted average return of […]