Category Archives: Syndicated
Alternative Hedge Funds with larger exposures to stressed and distressed corporate credit generate highest returns in Q2
(Opalesque) Credit Hedge Funds, as measured by Gapstow’s composite index, gained 3.2% in Q2-2021, bringing year-to-date performance to 8.7%. While all credit peer groups generated positive returns for the quarter, those with larger exposures to stressed and distressed corporate credit […]
Hedge Fund Elliott Management could push Dropbox to boost its profitability
(CNBC) Elliott is a $40+ billion hedge fund with tremendous resources to analyze potential investments. On June 2, 2021, it was reported that Elliott Management has built a stake in DBX of greater than 10%. DBX was one of the […]
Stock futures mildly lower ahead of the kickoff of earnings season
(CNBC) Stock futures were slightly lower in early morning trading on Monday as earnings season kicks off on Wall Street this week. Futures on the Dow Jones Industrial Average fell 59 points. S&P 500 futures and Nasdaq 100 futures both […]
Earnings season begins in the week ahead with eye-popping growth set to validate market’s 2021 run
(CNBC) Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high. The second quarter’s profits […]
The bond market agrees with the Federal Reserve — inflation is temporary
(CNBC) It would appear the bond market views inflation as “transitory,” as measured by the recent plunge in 10-year Treasury yields. Last week, the yield slipped as low as 1.25% — slumping to its lowest levels since February. We’re seeing […]
Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research
(CNBC) It’s the countdown to the second-quarter earnings season. The big banks dominate the calendar in coming days, with JPMorgan, Goldman Sachs, Citigroup and Bank of America all reporting on their recent quarter. Sam Stovall, chief investment strategist at CFRA […]
Morgan Stanley faces data breach, corporate client info stolen in vendor hack
(Reuters) Morgan Stanley (MS.N) has disclosed that personal data of some of its corporate clients was stolen in January in a data breach that involved a third-party vendor and hackers accessed information, including social security numbers. Files stolen also included […]
Falling U.S. bond yields may signal death knell for ‘reflation’ stock trade
(Reuters) Stock investors are watching the dramatic moves in the Treasury market for clues on the fate of one of this year’s most successful plays – the so-called reflation trade that helped power shares of economically sensitive companies higher after […]
How the institutionalisation of activist short-selling benefits the market & provides checks and balances
(Hedgeweek) By Ben Axler CIO and Founder of Spruce Point Capital Management – When I started my investment management firm in 2009 after a career in investment banking, I felt emboldened to fix certain structural problems in the industry I […]
Bitcoin, ether tumble as investors take off risk amid global markets slide
(CNBC) The price of bitcoin dropped Thursday as investors began shedding risk amid an equity markets decline. Fears of a slowing global economic comeback caused by the potential spread of the Covid-19 delta variant appeared to be behind investors move. […]
As bitcoin breaks down, two traders share key levels to watch
(CNBC) Cryptocurrencies were in the crosshairs Thursday. Bitcoin, ether and litecoin all tumbled as investors soured on riskier assets in favor of safe havens such as bonds. To read this article:
Wells Fargo tells customers it’s shuttering all personal lines of credit
(CNBC) Wells Fargo is ending a popular consumer lending product, angering some of its customers. The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer letters reviewed […]