Category Archives: Syndicated
Hedge funds outperform the global equity market in September
(Opalesque) Hedge fund managers were down 0.57% in September, outperforming the global equity market by 2.14% throughout the month. “The Eurekahedge Hedge Fund Index was down 0.57% in September 2020, outperforming the global equity market as represented by the MSCI […]
SS&C GlobeOp Hedge Fund Performance Index up 0.75% in September
(Opalesque) SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2020 measured 0.75%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.82% in […]
Fledgling private equity firms falter as virus curbs in-person wooing
(Reuters) – Private equity fund investors have been favoring established buyout firms over first-time managers in recent months, as the challenges of carrying out due diligence remotely during the COVID-19 pandemic reduce their appetite for risk. Out of the $127 […]
Hedge fund Marshall Wace takes stake in British Airways-owner IAG
(Reuters) Marshall Wace has picked up a 3% stake in British Airways-owner IAG ICAG.L, a Spanish regulatory filing from the hedge fund showed on Wednesday. IAG last month raised 2.7 billion euros ($3.2 billion) to reduce debt and ride out […]
United Airlines posts $1.8 billion net loss in pandemic slump, cuts cash burn
(CNBC) United Airlines on Wednesday posted a wider-than-expected third-quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street expected. To read this […]
Stock futures are lower as Wall Street struggles to bounce from 2-day slide
(CNBC) U.S. stock futures were lower on Wednesday night as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month’s election. Dow Jones Industrial Average futures were down 107 points. S&P 500 futures and […]
$5tn institutional investor group pledges 2025 portfolio CO2 goals
(Opalesque) Thirty of the world’s largest investors collectively managing $5 trillion of assets agreed on concrete portfolio decarbonization targets that follow the Intergovernmental Panel on Climate Change (IPCC) 1.5 °C scenario for the next five years. To read this article:
Hedge fund industry loses 0.65% in September
(Opalesque) Rising infection rates, second stimulus uncertainty and contested election concerns bring an end to a five-month run of hedge fund gains. After five straight months in the black, hedge funds posted a negative number in September losing 0.65% for […]
Billionaire investor Howard Marks paints grim view of economic outlook: stimulus alone won’t cure ‘down-cycle’
(Marketwatch) The U.S. stock market has rebounded mightily in recent months but Howard Marks cautions investors to brace for a tough slog in the economy, and that’s even if a fresh fiscal stimulus package can be passed by Congress to […]
CEO of world’s biggest money manager sees ‘more to go on the upside’ for the stock market
(CNBC) BlackRock Chairman and CEO Larry Fink on Tuesday said the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. To read this article:
U.S. stock futures rise after major averages snap four-day winning streak
(CNBC) U.S. stock index futures rose in overnight trading after the major averages registered their first day of losses in five trading sessions. Futures contracts tied to the Dow Jones Industrial Average advanced 44 points, indicating a 64-point gain at […]
Wall Street has lingering concerns about a contested election, even as Biden leads in the polls
(CNBC) Even as Joe Biden consistently leads in national and swing-state polls, bankers on Wall Street are still concerned about the possibility of a contested election. The notion of a contested election was a focus at a private client meeting […]