Category Archives: Syndicated
Stock futures fall as Wall Street is set to wrap up a historic November
(CNBC) Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 172 points. Meanwhile, S&P 500 futures and Nasdaq 100 futures traded […]
Perella Weinberg close to merger talks with blank-check company:
(reuters) Investment bank Perella Weinberg Partners is in advanced discussions to combine with the blank-check company FinTech Acquisition Corp IV, the Financial Times reported here on Sunday, citing people familiar with the matter. To read this article:
Salesforce buying Slack would mark the first big software deal in a boom year for the cloud
(CNBC) The tech industry has seen some hefty deals announced during the 2020 pandemic, including several in the tens of billions of dollars. But not in software.That could change soon. Salesforce, which has been one of tech’s biggest acquirers in […]
Black Friday online shopping on track to hit record as holiday shoppers skip stores
(CNBC) Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and avoided stores during the coronavirus pandemic, according to preliminary data from Adobe Analytics. As of late Friday, […]
US public pensions up commitments to hedge funds by $2.2bn in Q3, taking the YTD total past $10bn
(Opalesque) Interest in credit hedge funds takes YTD allocations past $10bn: US public pensions increased gross commitments to hedge funds by $2.2bn in Q3, taking the YTD total past $10bn, said a study. To read this article:
Current Volatility Levels are Proving a “Sweet Spot” for Alpha-Focused Funds
(Hedgeweek) Markets look set to remain in a “sweet spot” of heightened volatility – driven by Covid-19 uncertainty and the fallout from the US presidential election – offering a wealth of opportunities for alpha-focused strategies. To read this article:
Zoom investors are looking to a post-pandemic 2021 even with current growth at over 300%
(CNBC) Zoom is poised to show another monster quarter when it reports results on Monday, with sales growth expected to top 300% for a second straight period. To read this article:
Hedge funds must do more to foster collaboration with LPs
(Hedgeweek) November looks like it could be a superb month for equity-focused hedge funds on the back of Biden’s presidential victory and the three Covid vaccine announcements. And with hedge funds up over 5 per cent YTD, November’s turbo boost […]
Investors flee equity and macro hedge funds, as 2020 heralds “career-defining moments” for many managers
(Hedgeweek) Investor withdrawals from hedge funds are stacking up, with asset flows set to finish the year in negative territory “barring a holiday-season miracle”, eVestment warned on Thursday. To read this article:
Hedge fund AUM surpasses pre-COVID-19 levels, pushing to a new industry high of $3.7tn
(Opalesque) Hedge fund assets under management (AUM) have finally surpassed pre-COVID-19 levels, pushing to a new industry high of $3,696bn, said a report by Preqin. This record figure can primarily be attributed to improved performance in September (+5.17%, as measured […]
Active ETFs and ETPs gather a record $58.69bn in YTD net inflows as of the end of October 2020
(Opalesque) Actively managed ETFs and ETPs saw net inflows of US$7.28 billion during October, bringing year-to-date net inflows to a record level US$58.69 billion which is significantly more than the US$34.85 billion in net inflows gathered at this point in […]
Disney increases layoffs to 32,000 workers as coronavirus batters its theme park business
(CNBC) Disney is expanding the scope of its layoffs to around 32,000 workers as the coronavirus pandemic continues to pummel the theme park industry. In an SEC filing published Wednesday, the company revealed that thousands of employees will have their […]