(CNBC) Melvin Capital closed out its short position in GameStop this week after taking a huge loss, the hedge fund’s manager told CNBC’s Andrew Ross Sorkin. GameStop, hedge funds’ most-hated stock, was targeted by an army of retail investors who […]

(CNBC) Apple reported blowout earnings on Wednesday. Even during a global pandemic, every single product line was up, leading to the company’s first quarter with over $100 billion in sales. To read this article:

(Opalesque) Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. YTD redemptions are estimated to be $58.76 billion. The total estimated industry AUM sits at $3.360 trillion. To read this article:

(Opalesque) For the fiscal year 2020, earnings on investments accounted for 71% of public retirement system revenues, according to a survey. The share of revenues that comes from investment earnings edged up from 69 percent a year earlier, while the […]

(CNBC) The economy continued to chug along in the fourth quarter, boosted by a surge in business spending while consumers held back. Fourth-quarter gross domestic product is reported at 8:30 a.m. ET Thursday. It’s expected to show the economy grew […]

(Hedgeweek) The world’s 20 biggest hedge fund firms took home around half of all gains made by the entire industry last year, as successful stock-picking and individual manager skill sent returns soaring among the sector’s behemoths, leaving quant-based strategies in […]

(Marketwatch) Apple has overtaken Amazon to become the world’s most valuable brand for the first time in five years, according to a global report. The value of the technology giant’s brand has climbed 87% in the past year to $263.4 […]

(Reuters) The deal comes as global life insurers are taking steps to curb payouts stemming from the COVID-19 pandemic, including long-term health consequences that are not fully understood. In the United States, 8% of reported group life insurance claims from […]

(Reuters) Goldman Sachs Chief Executive David Solomon’s annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed on Tuesday. To read this article:

(Reuters) More pension funds, insurers and asset managers are outsourcing part or all of their dealing desks to specialist traders as they seek to cut costs and adapt their operations to deal with the coronavirus crisis, industry sources say. To […]

(CNBC) Federal Reserve Chairman Jerome Powell has a few nerves to quell among market participants wondering when the central bank will start tapping the brakes on all the help it’s been providing. To read this article:

(CNBC) Shares of Alphabet, Facebook and other advertising-driven internet companies gained in extended trading on Tuesday after Microsoft’s earnings report showed that its advertising businesses did better than expected. To read this article: