Category Archives: Syndicated
Lawyers behind Ackman’s retreat may target more SPACs
(Reuters) The group, which includes former U.S. Securities and Exchange Commissioner Robert Jackson, filed lawsuits last week against three blank-check acquisition firms: GO Acquisition Corp, E.Merge Technology Acquisition Corp and Ackman’s Pershing Square Tontine Holdings. The lawsuits accuse the SPACs […]
Hedge fund short sellers rocked by Sainsbury’s share price surge amid Apollo takeover talk
(Hedgeweek) Hedge funds betting against Sainsbury’s have been left counting the cost of their negative wagers this week after the FTSE 100-listed supermarket giant saw its share price rocket on the back of fresh takeover rumours. To read this article:
Hedge fund managers down 0.27% in July
(Opalesque) Hedge fund managers were down 0.27% in July, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 0.40% during the month. In terms of 2021 performance, global hedge funds were up 7.85%, recording […]
U.S. probes Deutsche Bank’s DWS over sustainability claims
(Reuters) U.S. authorities are investigating German lender Deutsche Bank’s asset management arm DWS Group after the firm’s former head of sustainability said it overstated how much it used sustainable investing criteria to manage its assets, the Wall Street Journal reported […]
Stocks extend their rally with S&P 500 and Nasdaq hitting fifth straight day of gains
(CNBC) U.S. stocks climbed Wednesday, helped by banks and reopening stocks as the 10-year Treasury yield edged higher. The Dow Jones Industrial Average rose 39.24 points, or 0.1%, to 35,405.50. The S&P 500 added 0.2% to a new closing high […]
Hedge funds could be staging a comeback as short bets post best month since 2010
(CNBC) Short selling is booming again after almost being left for dead due to the GameStop mania, reviving hope that hedge funds could turn things around in 2021. Hedge funds’ short book generated in July the best alpha since 2010, […]
Hedge funds and private equity improve ESG focus yet face differing reporting and monitoring challenges
(Hedgeweek) Hedge funds and private equity are both improving their transparency over ESG. However, while on the private equity side, ESG is more seen as an investment opportunity, complexities remain on the hedge fund side around issues of reporting and […]
Ackman committed to finding a deal for PSTH; sold Agilent to raise cash
(Reuters) Billionaire investor William Ackman, who last year launched the biggest-ever special-purpose acquisition company, said on Tuesday he remains committed to finding a merger partner for his blank-check company Pershing Square Tontine Holdings Ltd (PSTH). To read this article:
Bitcoin ‘whales’ jump back into market during cryptocurrency’s rebound to $50,000
(CNBC)Bitcoin’s biggest investors appear to be upping their positions as the price recovers. Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data from blockchain […]
Goldman Sachs to require all people entering its offices to be fully vaccinated against Covid-19
(CNBC)Goldman Sachs said Tuesday that only vaccinated people can enter its buildings starting next month. The leading global investment bank said the new policy starts Sept. 7 and applies to everybody, including employees and clients, according to a memo sent […]
GameStop surges 27% to lead meme stock rally in otherwise boring market
(CNBC) Meme stock king GameStop rallied 27% on Tuesday as some retail investors came back in full force despite an otherwise quiet market. The video game retailer surged as much as 36.5% to $225 apiece in heavy trading volume. More […]
Hedging activity stays lively, despite volatility falling in August
(Hedgeweek) Hedging activity remains robust despite overall market volatility levels falling during August, with sustained demand among hedge funds for volatility products holding up in recent weeks, according to new analysis by Man Group. To read this article: