Category Archives: Syndicated
Ackman says recent lawsuit could have a “chilling effect” on SPAC industry
(Reuters) Billionaire investor William Ackman said on Thursday he would pursue changes to his blank-check acquisition company Pershing Square Tontine Holdings Ltd to address “the overhang” of a lawsuit filed against it this week. To read this article:
Activist hedge fund Starboard hires analyst from BlackRock’s stewardship team
(Reuters) Activist investor Starboard Value LP poached an analyst from asset manager BlackRock’s investment stewardship team, which exerts great influence on issues such as climate change and board makeup that often are critical to the hedge fund’s campaigns, two sources […]
Jobless claims hit new pandemic-era low in a sign of hope for the employment picture
(CNBC) First-time filings for unemployment insurance hit a pandemic-era low last week, a sign that the jobs market is improving heading into the fall despite worries over the delta Covid variant. To read this article:
Charles Schwab to give most employees 5% raise, pushes back return to office
(CNBC) Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release that he wanted to reward employees “for […]
How virtual conferencing has optimized investor due diligence during Covid-19
(Hedgeweek) The “fluidity” of virtual conferencing has proved a “silver lining” during the pandemic, optimising allocator time during the investor due diligence process, according to new research by alternatives-focused software-as-a-service and data management company Vidrio Financial. To read this article:
Billion dollar hedge funds: larger funds ahead of smaller funds during turbulent July
(Opalesque) The average Billion Dollar Club (BDC) hedge fund gained 0.1% in July but could not prevent the broader HFM Global Composite Index from slipping 0.1% off the back of underperformance among sub-BDC funds. In what was a turbulent month […]
Robinhood says dogecoin accounted for 62% of crypto revenue in Q2
(CNBC) Robinhood said crypto accounted for more than half of all transaction-based sales in the second quarter, and 62% of crypto revenue came from dogecoin, a meme-inspired digital coin originally started as a joke. In its first earnings report since […]
Federal Reserve preparing for taper this year, July minutes show
(CNBC) Federal Reserve officials at their July gathering made plans to pull back the pace of their monthly bond purchases likely before the end of the year, meeting minutes released Wednesday indicated. However, the summary of the July 27-28 Federal […]
Three-way merger creates $4.3bn wealth consultancy with global reach
(Opalesque) Hong Kong wealth advisory firm The Capital Company has merged with US counterparts LeoGroup and the hybrid RIA based in Dallas BFT Financial Group to create a US$4.3 billion global wealth adviser. The new unified entity is called Leo […]
US non-profits increase allocations to hedge funds, yet private markets remain key
(Hedgeweek) Non-profits in the US are allocating more to hedge funds, yet private markets remain a favourite, according to TIFF Investment Management (TIFF), an outsourced chief investment officer (OCIO) serving the non-profit sector. To read this article:
Billionaire Hedge Fund manager William Ackman says his acquisition company does not needs to register with regulators
(Reuters) William Ackman is pushing back against a lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities. “PSTH has never held investment securities that would require it to be registered under the Act, and does […]
Treasury yields are flat after retail sales slow more than expected
(CNBC) The Census Bureau said Tuesday that retail sales fell 1.1% in June, driven largely by a drop in car sales. Economists expected retail sales to fall by 0.3% in July, compared to a revised 0.7% gain in June, according to Dow […]