Category Archives: Syndicated
U.S. money market funds see biggest weekly inflow in a year -Lipper
(Reuters) U.S money market funds lured the biggest inflow in a year, in the week ended April 28, on caution ahead of a U.S. Federal Reserve policy meeting, with investors also anxious about the speed of the equity rally in […]
Warren Buffett says Robinhood is catering to the gambling instincts of investors
(CNBC) Legendary investor Warren Buffett believes millennial-favored stock trading app Robinhood is contributing to the speculative, casino-like trading activity in the stock market and benefitting from it. Robinhood has “become a very significant part of the casino aspect, the casino […]
New York Life launches $1bn impact investing fund
(Opalesque) New York Life has launched a $1 billion impact investment initiative with the aim to address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, […]
Stock futures rise ahead of first trading day of May
(CNBC) U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May. Dow futures rose about 125 points. S&P 500 futures gained 0.45% and Nasdaq 100 futures rose 0.33%. Despite Friday’s […]
Energy-focused hedge fund Luminus liquidates assets of largest fund – WSJ
(Reuters) Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. To read this article:
A powerful rotation out of tech stocks could start this month, Wells Fargo’s Chris Harvey says
(CNBC) Wells Fargo Securities’ Chris Harvey is calling Big Tech’s recent outperformance a “head fake.” In a recent note to investors, he wrote economically sensitive groups will overtake growth as a leading market driver, and the powerful rotation could happen […]
Biden’s Plan Would Eliminate Private Equity’s Coveted Tax Break
(Bloomberg) Private equity’s most lucrative tax break is in peril once more. Included in President Joe Biden’s plan to fund an ambitious expansion in social spending, released Wednesday, is a call on Congress to abolish the preferential treatment given to […]
Man Numeric sees quant credit funds as opportunity “to go against the grain”
(Hedgeweek) Systematic hedge funds are increasingly well placed to tap into inefficiencies within credit assets – a market often seen as unworkable for most computer-based strategies, credit heads at Man Numeric say. To read this article:
Fidelity launches securities lending platform for fund managers to profit from short-sellers
(Opalesque) U.S. asset management giant Fidelity Investments is opening its internal securities lending platform to third-party asset managers and financial institution. To read this article:
Hedge funds extend winning streak to six months and recorded strongest Q1 return since 2006
(Opalesque) Opalesque Industry Update – Hedge fund managers the ended month of March up 1.04% on an equal-weighted basis, and down 0.63% on an asset-weighted basis, said Eurekahedge. To read this article:
Fiscal stimulus powers U.S. economic growth in first quarter
(Reuters) U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting the course for what is expected to be the strongest performance this year in nearly four decades. […]
Energy-focused hedge fund Luminus liquidates assets of largest fund
(Reuters) Luminus Management LLC, a hedge fund focused on energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. Assets under management for the firm dropped to $1.15 billion from $2.1 […]