Category Archives: Syndicated
Dow could hit the 40,000-point level next year, analyst says
(CNBC) he Dow Jones Industrial Average stock index has the potential to reach the 40,000-point mark in 2021, according to Patrick Spencer, the vice chair of equities at investment bank Baird. To read this article:
Too high? Hedge funds unimpressed by Canadian cannabis stocks’ rally
(Reuters) – A rally in Canadian cannabis stocks since Joe Biden was declared U.S. president-elect has done little to change hedge funds’ bearish view on the industry as money managers say the election outcome may not solve the troubles of […]
The liquidity spectrum: How 2020’s black swans became “the new normal”, confronting hedge fund strategies of all stripes
(Hedgeweek) With surges in volatility tipped to become increasingly frequent, so-called “black swan” events are more likely to become part of “the new normal”, speakers at this year’s Hedgeweek LIVE Europe summit heard. To read this article:
Elliott exits AT&T after waging a fight in 2019; Starboard exits eBay
(Reuters) Elliott Management, which last year took a $3.2 billion stake in AT&T T.N and pushed the company to sell some assets, has itself exited the telecommunications and media company, according to a regulatory filing this week. The New York-based […]
20 funds control $11tn in assets, making them the biggest force in global markets
(Opalesque) The top 100 asset owners controlled US$20.1 trillion in global assets at the end of 2019 – a 6 percent jump from the year before, according to a new annual ranking. The top 20 funds total $11.0 trillion and […]
US sustainable assets grew 42% to $17.1 bn last two years
(Opalesque) Sustainable investing assets in the U.S. grew 42% in the last two years, reaching US$17.1 billion at the start of 2020, said a study. According to the US SIF Foundation’s biennial report, the amount represents a third of the […]
As Ackman hunts blockbuster deal, he counts on big backers
(Reuters) Hedge fund veteran William Ackman has the support of some of Wall Street’s top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last […]
Carlyle invests $250 million in U.S. e-commerce firm Pharmapacks
(Reuters) – Private equity firm Carlyle Group Inc says it has invested more than $250 million in Pharmapacks, a U.S. e-commerce firm focused on health, personal care and beauty products. Carlyle’s investment, which values Pharmapacks at about $1.1 billion, comes […]
Barclay CTA Index loses 0.30% in October
(Opalesque) Managed futures funds posted a second straight losing month in October, down 0.30% for the month, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 1.53% through October. […]
J&J expects data for U.S. authorization of COVID-19 vaccine by Feb, says head scientist
(Reuters) Johnson & Johnson’s JNJ.N chief scientist said the drugmaker is recruiting over 1,000 people per day for the late-stage trial of its experimental COVID-19 vaccine and expects to have all the data needed to seek U.S. authorization by February […]
Preqin: Investors to increase allocations to alternatives by 2025
(Opalesque) Historic outperformance from alternative assets funds and expectations of continued low returns in traditional asset classes, especially fixed income, are the main forces driving investors to allocate more capital to alternative assets. In fact, 81% of investors expect their […]
Hedge funds to remain second-largest alternative asset class next five years:
(Opalesque) Preqin said that it expects hedge funds to hold onto their position as the second-largest alternative asset class in 2025, despite relatively weak growth in assets under management (AUM) due to continued outflows. AUM growth will be the lowest […]