Category Archives: Syndicated
McConnell shoots down bipartisan $900 billion coronavirus stimulus plan as stalemate drags on
(CNBC) Senate Majority Leader Mitch McConnell rejected a proposed bipartisan coronavirus stimulus package Tuesday amid months of congressional inaction on curbing the economic damage from the outbreak. To read this article:
Blackstone acquires quant credit manager DCI
(Opalesque) American private equity firm Blackstone has completed the acquisition of quantitative credit investing platform DCI. The financial terms of the deal were not announced. To read this article:
Stock futures fall after strong start to December
(CNBC) U.S. stock futures fell in overnight trading on Tuesday, despite recent strength that has brought the major averages to record highs. Dow futures fell about 150 points. S&P 500 futures fell 0.35% and Nasdaq 100 futures lost 0.2%. To […]
U.S. factory activity slows; COVID-19 resurgence hits workers
(Reuters) U.S. manufacturing activity slowed in November, with new orders retreating from their highest level in nearly 17 years, as a resurgence in COVID-19 cases across the nation kept workers at home and factories temporarily shut down to sanitize facilities. […]
JPMorgan Traders Set for Up to 20% Bonus Jump After Record Year
(Bloomberg) JPMorgan Chase & Co. is planning to boost annual bonuses for its sales and trading workers even as payouts are set to decline across the company. The biggest U.S. bank may increase variable compensation for traders by 15% to […]
Beneficiary Of Hedge Fund Bribes Not Interested In His Former Colleagues’ Hospitality
(Dealbreaker) Norman Seabrook has his own reasons for not wanting to go to prison, specifically the fact that he’s going for accepting handsome bribes in handsome handbags in exchange for letting a hedge fund lose a substantial chunk of some […]
Preqin: ESG and technology will lead alternatives by 2025
(Opalesque) The ESG value proposition has been accepted by managers and investors alike and has become mainstream in developed markets. A majority of investors and fund managers surveyed for The Future of Alternatives 2025 believe ESG policies have a positive […]
Powell stresses importance of lending programs, calls economic outlook ‘uncertain’
(CNBC) Federal Reserve Chairman Jerome Powell emphasized the importance of the lending programs it has deployed during the coronavirus pandemic, telling senators in testimony to be delivered Tuesday that they’ve been integral in keeping the economic fallout from being worse. […]
Virus surge is leading to a double-dip recession and dollar crash, economist Stephen Roach warns
(CNBC) The U.S. may be on the cusp of a double-dip recession. Economist Stephen Roach believes surging coronavirus cases are disrupting Wall Street’s hopes for a V-shaped recovery. “With the infection rate soaring right now, a still vulnerable U.S. economy […]
Where Do Hedge Funds Stand On Berkshire Hathaway Inc.
(Yahoo Finance) We at Insider Monkey have gone over 817 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In […]
Federal Reserve says key bank lending rate will be phased out by June 2023
(CNBC) An interest rate that banks around the world use as a benchmark for short-term borrowing will be phased out and eventually replaced by June 2023, the Federal Reserve announced Monday. The Fed was joined by regulators in the U.K. […]
Credit Suisse commercial property fund to liquidate amid big discount
(Reuters) A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the COVID-19 pandemic, the Swiss bank […]