Category Archives: Syndicated
Owl Rock, Dyal Capital to go public via SPAC merger
(Reuters) -Asset managers Owl Rock Capital Group and Dyal Capital Partners on Wednesday agreed to merge and go public through Altimar Acquisition Corp, a blank-check company. The combined company, to be known as Blue Owl Capital Inc, would be valued […]
Alibaba shares fall after reports of anti-monopoly probe by China
(CNBC) Shares of Alibaba fell in both Hong Kong and extended-hours U.S. trading as reports surfaced that the Chinese government is conducting an anti-monopoly probe into the tech giant. China’s State Administration for Market Regulation said through official online channels […]
Stock futures slightly higher ahead of holiday-shortened session
(CNBC) U.S. stock index futures were higher in overnight trading on Wednesday, ahead of the final trading day of the holiday-shortened week. Futures on the Dow Jones Industrial Average advanced 44 points. S&P 500 futures rose 0.09%, while Nasdaq 100 […]
Chegg CEO projects sustained growth in 2021 after boost from remote learning
(CNBC) The shift to remote learning sparked a surge in business for Chegg in 2020, and CEO Dan Rosensweig doesn’t see that exponential growth easing up much in the new year. “When the pandemic is over, we don’t expect growth […]
Emerging market debt trading volumes fall in Q3
(Opalesque) Emerging market debt trading volumes fell in the third quarter of 2020 both on a year-on-year basis and on a sequential basis, said a study. According to EMTA, the trade association for the Emerging Markets trading and investment industry, […]
SS&C GlobeOp Forward Redemption Indicator up 3.95% in December
(Opalesque) SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for December 2020 measured 3.95%, up from 3.63% in November. “SS&C GlobeOp’s Forward Redemption Indicator for December 2020 was 3.95%, reflecting lower redemptions compared to the 4.95% reported […]
Trump demands Congress increase second stimulus check from $600 to $2,000.
(CNBC) President Donald Trump is demanding lawmakers raise the second round of stimulus checks to $2,000 per person, from $600. “I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a […]
Some NYSE trading floor personnel to return to remote operations
(CNBC) Some New York Stock Exchange workers will return to remote working amid a surge in Covid-19 cases in the largest city in the U.S. “On Monday, December 28, 2020, in response to changes in the NYC-area public health conditions, NYSE Designated […]
Goldman Sachs, once reserved for the rich, is close to offering wealth management for the masses
(CNBC) Goldman Sachs has for decades set its sights on the global elite when it comes to wealth management. Now, it’s opening up to everyone else. The bank has begun internal testing of a new automated investment service ahead of […]
Blackstone in talks to merge Alight with blank-check acquisition firm
(Reuters) Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter. To read this […]
Total crypto fund inflows top $5 billion this year, up more than 600% – report
(Reuters) The inflows plus the latest price moves lifted assets under management for the sector to nearly $19 billion in 2020. Assets under management ended 2019 at just $2.57 billion. To read this article
Bridgewater founder Dalio’s son killed in car crash
(Reuters) Bridgewater Associates LP founder Ray Dalio’s 42-year-old son has died in a car crash, Dalio said in a Twitter post late on Friday. Bridgewater is one of the world’s largest hedge funds, which was famous for making money during […]