(Hedgeweek) Brevan Howard, the high-profile global macro hedge fund manager founded by Alan Howard, has rehired Cove Capital founder and CIO Louis Basger, who previously spent six years at Brevan in Geneva. To read this article:

(Opalesque) The global hedge fund industry saw outflows of -$9.66 billion in September, bringing industry assets under management to $3.161 trillion, according to the latest fund flows data from eVestment. In spite of the September outflows, the industry had a […]

(Opalesque) Newbury Partners, a leading secondaries investment manager, today announced that RidgeLake Partners has acquired a passive, minority interest in the firm. The minority investment from RidgeLake, a strategic partnership between PA Capital and Ottawa Avenue Private Capital that focuses […]

(Opalesque) Hedge fund managers ended the month of September down 0.72% on an equal-weighted basis, and loss 1.43% on an asset-weighted basis. The weak performance of the global equity market resulted in a negative performance of most fund managers due […]

(Hedgeweek) Bitwise Asset Management, a provider of cryptoasset index funds to professional investors, has surpassed USD100 million in assets under management (AUM). To read this article:

(Opalesque) For all asset managers, not just those offering environmental, social, and governance (ESG) products, a growing pool of allocators and investors believe that consideration of ESG factors can provide better risk-adjusted returns over the long term, according to Cerulli’s […]

(Marketwatch) A day after the highflying Nasdaq Composite index tumbled to its fastest correction from a record in history, Stanley Druckenmiller has some thoughts to share. ‘Right now, we’re in an absolute raging mania.’— To read this article:

(Bloomberg) For hedge fund managers, preparations for chaos in the U.S. elections are giving way to strategies to capitalize on a sweeping Democratic victory. Just six days away from final voting, several top funds see former Vice President Joe Biden […]

(CNBC) Gilead Sciences reported stronger-than-expected third-quarter earnings on Wednesday as sales of its coronavirus treatment remdesivir touted by President Donald Trump drove revenue up by 17% from last year. Gilead’s antiviral drug remdesivir, selling under the brand name Veklury, last […]

(CNBC) One of the pioneers of passive index investing hasn’t let 2020?s unpredictable volatility shake his thesis. Burton Malkiel, professor emeritus of economics at Princeton University and author of the seminal finance book “A Random Walk Down Wall Street,” told […]

(CNBC) Ford Motor blew away Wall Street expectations as well as the company’s forecast earnings for the third quarter on stronger-than-expected demand during the coronavirus pandemic. Ford’s stock jumped more than 7% during after-hours trading before leveling off at about […]

(CNBC) U.S. stock futures climbed on Wednesday night after the worst day for the market in several months. Futures tied to the Dow Jones Industrial Average gained 249 points. Those for the S&P 500 and the Nasdaq 100 also traded […]