Category Archives: Syndicated
Stock-picking hedge funds extend payday in trading after U.S. Election Day
(Reuters) – Some U.S. stock investors had feared election week turmoil, but voters’ decisions at the ballot box helped many stock picking hedge funds extend a year of gains and even set a daily record, according to managers and people […]
Victory Capital acquires equity manager THB Asset Management
(Opalesque) Victory Capital, a diversified global asset management firm with $132.7 billion in AUM has agreed to acquire THB Asset Management, the Connecticut-based equity manager with $435 million in AUM. The transaction is expected to close in early 2021 and […]
Alternative AUM by 9.8% CAGR to reach $4.97tn 2025: Preqin
(OPalesque) Between the end of 2020 and the end of 2025, global assets under management (AUM) in alternatives is expected to increase by 60%, equal to a CAGR of 9.8%, said Preqin. The rate of growth should far outpace global […]
Big investors see a great backdrop for stocks as election results roll in
(CNBC) Big-money investors are growing more excited about the stock market as the U.S. election results keep rolling in. CNBC’s Scott Wapner spoke with some major investors who told him we could be on the cusp of a great scenario […]
Dow futures fall more than 100 points amid post-election rally
(CNBC) U.S. stock futures fell early Friday morning as Wall Street eyed its best week since April even as the results of the presidential election remained unclear. Futures tied to the Dow Jones Industrial Average lost 137 points, while those […]
All-star investor Rich Bernstein sees ‘a very bearish sign for the economy and corporate profits’
(CNBC) Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO. To read this article:
Alibaba cloud growth outpaces Amazon and Microsoft as Chinese tech giant pushes for profitability
(CNBC) The growth of Alibaba’s cloud business outpaced Amazon and Microsoft in the quarter ending in September, and the Chinese tech giant reiterated its commitment to making the unit profitable by next March. Alibaba reported cloud computing brought in revenue […]
Dow futures higher by about 200 points following post-election rally
(CNBC) U.S. stock index futures were higher in early morning trading on Thursday as investors hoped that the winner of the U.S. presidential election would soon be determined. Futures contracts tied to the Dow Jones Industrial Average rose 188 points. […]
Guggenheim’s Scott Minerd believes in post-election rally, has ‘fairly positive’ market outlook
(CNBC) Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the […]
Billionaire Leon Cooperman started with nothing: ‘I had negative net worth’
(CNBC) Billionaire investor Leon Cooperman wasn’t always rich. The Omega Family Office chairman/CEO was born to working-class Polish immigrants and grew up in a one-bedroom apartment in New York City’s South Bronx neighborhood. His father was a plumber. To read […]
Hedge fund side letters survey reveals increase in fee discount clauses
(Hedgeweek) A new Seward & Kissel study into the use of side letters in the hedge fund industry shows fee discount clauses are now the most common issue raised by investors in such agreements, while the number of smaller hedge […]
Wall Street cheers U.S. election removing major tax-hike threat
(Reuters) – Wall Street breathed a sigh of relief on Wednesday, as the latest U.S. election tallies pointed to a divided government that made the prospect of tax hikes advocated by Democratic presidential candidate Joe Biden unlikely. To read this […]