Category Archives: Syndicated
Loeb’s Third Point praises Intel, avoids crowded short positions
(Reuters) – Billionaire investor Daniel Loeb called Intel’s resources “unmatched” in the semiconductor industry and said his firm, Third Point, is “excited” to be a long-term investor. To read this article:
Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
(CNBC) Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. To read this article:
Blackstone-backed dating app Bumble raises $2.2 billion in U.S. IPO
(Reuters) Bumble Inc, a dating app operator backed by buyout firm Blackstone Group Inc, sold shares in its initial public offering (IPO) on Wednesday at $43 apiece above its target range, to raise $2.2 billion To read this article:
Is the convergence of liquid and illiquid alternatives really in the best interests of investors?
(Hedgeweek) I read a prediction in one of those crystal-ball gazing missives that financial firms like to put out at the start of every year. It forecast that there will be continued blurring between hedge funds and private equity. I […]
Hedge fund giant Man Group says GameStop effect here to stay
(Hedgeweek) The increasing democratisation of stock trading – and the growing impact of social media in market movements – is likely here to stay following last month’s GameStop frenzy, which could bring sweeping changes to the way hedge funds build […]
Hedge funds start the year by outperforming the global equity market led by distressed debt and event driven strategies
(Opalesque) The Eurekahedge Hedge Fund Index was up 0.37% in January 2021, outperforming the global equity market as represented by MSCI ACWI (Local) which gained 0.11% over the same period. Global equities went on a roller coaster ride this month […]
Cisco earnings report shows infrastructure platforms, its biggest business, is still struggling
(CNBC) Cisco stock tumbled 6% in extended trading on Tuesday after the company posted fiscal second-quarter earnings that showed enduring struggles in its top product segment. Still, the company’s results and quarterly guidance exceeded analysts’ estimates. To read this article:
JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession
(CNBC) If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue […]
Bitcoin soars above $48,000 to new record after Tesla’s $1.5 billion investment
(CNBC) Kate Rooney breaks down bitcoin’s surge past $48,000 after Tesla’s investment. Plus, CNBC’s Ylan Mui explains how some states and cities are sending their own stimulus checks as lawmakers in Washington continue to tweak a new Covid relief package. […]
Robinhood lobbying targets legislation that could hurt its business model
(CNBC) Robinhood is preparing a lobbying effort on key pieces of legislation that if passed, could weigh on its business model. The stock trading start-up registered its in-house team to begin lobbying on Feb. 5, according to a new registration […]
CTAs return up 7.21% in 2020
(Opalesque) CTAs were tested under market stress in 2020, and were found wanting by some investors, said Preqin. “The relationship between market stress and volatility is a complicated one. CTAs are generally included in portfolios because of their low correlation […]
Event driven managers fuel hedge funds’ January gains, as industry withstands GameStop pressure
(Hedgeweek) Event driven managers, particularly those running merger arbitrage and special situations strategies, powered hedge funds’ performance in January, as the industry overcame retail investor-driven stock volatility to finish the month in the black. New data released by Hedge Fund […]