Category Archives: Syndicated
Qualtrics files IPO papers, aiming for valuation of up to $14.4 billion after spinning out of SAP
(CNBC) Qualtrics is about to go public, for real this time.The cloud software vendor, which SAP acquired two years ago on the eve of a planned IPO, filed its paperwork with the SEC on Monday to carry on as an independent company. The […]
Stock-picking hedge funds land investors double-digit gains in 2020
(Reuters) The average hedge fund underperformed the wider stock market in 2020 but saw less volatility while stock-picking funds got a lift from technology and stay-at-home shares in a year beset by a pandemic and uncertainty around the U.S. election. […]
Big tech bets and cryptocurrencies power 2020’s top U.S. funds
(Reuters) Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year’s top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100%, […]
Pandemic prompts Wall Street to look south for Florida’s life and work benefits
(Reuters) A bevy of Wall Street executives, bankers and fund managers are abandoning New York for Florida, embracing the Sunshine State over metropolitan New York as the coronavirus pandemic has eliminated many benefits of working from a global financial hub. […]
Investors bet weak dollar will keep risk rally going in 2021
(Reuters) Investors are counting on a weakening dollar to boost rallies in everything from U.S. stocks to emerging markets and industrial metals in 2021. To read this article:
Dow futures rise more than 100 points as Wall Street set to enter last week of 2020
(CNBC) Stock futures rose slightly in overnight trading on Sunday ahead of the final trading week of 2020. Futures on the Dow Jones Industrial Average rose 149 points. S&P 500 futures and Nasdaq 100 futures also traded in mildly positive […]
Privium Fund Management to launch SAVIN Multi-Strategy Arbitrage Fund
(Hedgeweek) Privium Fund Management BV is to launch the SAVIN Multi-Strategy Arbitrage Fund (SAVIN), which will focus on equity arbitrage strategies and volatility trading, in February 2021 having already received commitments in excess of EUR20 million (USD24 million). To read […]
Deuterium Capital Management acquires Jupiter Asset Management’s Global Dynamic Allocation team
(Hedggeweek) Deuterium Capital Management, a US based asset manager with circa USD1 billion AUM, has acquired Jupiter Asset Management’s Global Dynamic Allocation team for an undisclosed sum. To read this article:
Trump signs off on $600 stimulus checks. But a vote on $2,000 direct payments is still happening
(CNBC) After holding up the $900 billion coronavirus relief bill for nearly a week, President Donald Trump has just signed off on the stimulus package, which includes $600 checks. The president had previously called the bill an unsuitable “disgrace” and […]
Stocks ready to close out powerful 2020 as risks loom in January
(CNBC) At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace. January is the month that Wall Street tradition says sets the tone for the year — […]
Wells Fargo’s top predictions for 2021 include a warning for Tesla investors
(CNBC) Wells Fargo Securities’ Chris Harvey is out with the bank’s top 10 predictions for next year. No. 1 on his list: Tesla becomes the new AOL. “It reminded us so much about 1998 — the late ’90s,” the firm’s […]
SEC accuses 23-year-old crypto hedge fund founder of fraud
((Reuters) The U.S. Securities and Exchange Commission has sued a 23-year-old Australian hedge fund founder in Manhattan federal court for allegedly defrauding investors in his $92.4 million cryptocurrency arbitrage fund. To read this article: