(CNBC) HSBC, Europe’s largest bank by assets, on Tuesday reported a 36% year-on-year fall in third-quarter pre-tax profit to $3.1 billion in the third quarter as it attempts to recover from the economic shock of the coronavirus pandemic. Analysts had […]

(CNBC) A former president of Goldman Sachs made a late contribution to one of Joe Biden’s joint fundraising committees just three weeks ago. Harvey Schwartz gave $100,000 to the Biden Action Fund. Schwartz’s name appears on a Federal Election Commission […]

(Opalesque) Asset managers plan to outsource functions such as data management and middle and back-office operations in order to cut costs and focus on their core job of generating investment returns for clients, said a study. Many asset management firms […]

(CNBC) U.S. stock futures were flat in overnight trading on Monday following the market’s massive sell-off. Fueling the weakness is a surge in Covid-19 cases in the U.S. and abroad, compounded with little hope of a stimulus package from Washington. […]

(Hedgeweek) With less than three weeks left until the US presidential election, London-based hedge funds are now closely scrutinising how certain assets and markets will be shaped by the potential outcome of the 3 November poll. To read this article:

(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.73 per cent in September, underperforming the -0.17 per cent monthly return of the HFRX Global Hedge Fund Index. […]

(Opalesque) Managed futures funds reversed course in September losing 0.67%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.09%. “Trend reversals triggered price declines in global equity markets, […]

(Marketwatch) Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference in San […]

(Reuters) U.S. hedge fund D.E. Shaw said on Thursday it plans to set up an office in Singapore in 2021, becoming the latest global firm to expand into the city-state as it looks to tap into new investment opportunities. To […]

(CNBC) Stock futures rose slightly in overnight trading on Thursday as investors await the latest retail sales data. Futures on the Dow Jones Industrial Average gained about 70 points. The S&P 500 futures and the Nasdaq 100 futures both rose […]

(CNBC) Walmart CEO Doug McMillon on Thursday called on Congress to work together and pass a stimulus deal to help American families and small businesses. “For both sides, I think what they need to keep in mind is that there […]

(CNBC) Treasury Secretary Steven Mnuchin said Thursday that the White House won’t let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats. Later, President Donald Trump said that he would raise his offer for a stimulus […]