Category Archives: Syndicated
Sachem Head Takes $1.2 Billion Position in Elanco, Stock Price Surges
(Reuters) Hedge fund Sachem Head Capital Management said on Wednesday that it owns a $1.2 billion stake in Elanco Animal Health Inc and plans to push for changes at the company that makes medicines and vaccinations for pets and livestock. […]
Institutional investors warned measuring impact alone is not enough
(Opalesque) Institutional investors risk a disconnect between ambition and reality if they focus on measuring investment impact without explicitly linking it to value creation for stakeholders, The Thinking Ahead Institute (TAI) warns. TAI, which is a non-profit division of Willis […]
Activist investor Dan Loeb calls on Disney to end its $3 billion annual dividend and use the funds for Disney
(CNBC) Activist investor Dan Loeb is asking Disney Chief Executive Officer Bob Chapek to end the company’s annual $3 billion dividend to divert more capital to new Disney+ content. Loeb sent his proposal to Chapek on Wednesday in a letter, […]
JPMorgan says investors should look past U.S. election ‘noise’ and focus on medium term
(CNBC) With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. To read this article:
Uncertainty returns: CTAs slump to worst month of the year, as markets enter “new regime”
(Hedgeweek) Managed futures strategies slumped to their worst month of the year in September, with trend-following hedge funds caught out by sharp reversals in momentum across several markets and asset classes. To read this article:
Hedge fund short sellers claw back FTSE 100 losses as fresh Covid uncertainty sees bearish bets rebound
(Hedgeweek) Hedge fund short sellers have rebounded with a $542.6 million gain from negative bets against FTSE 100-listed companies – just a month after losing almost the same amount from wayward shorts in UK blue-chip stocks. To read this article:
Hedge fund industry welcomes removal of Cayman from EU tax ‘blacklist’
(Hedgeweek) The hedge fund industry has welcomed a decision by the European Union to remove the Cayman Islands – a major offshore domicile for the global hedge fund industry – from a tax haven blacklist. To read this article:
GE’s stock falls off a cliff after ‘Wells notice’ disclosure
(Marketwatch) Shares of General Electric Co. took a sudden dive Tuesday afternoon, after the industrial conglomerate disclosed that the Securities and Exchange Commission is considering civil action against the company for possible securities law violations. To read this article:
Trump’s ‘illogical’ move to end stimulus talks baffles Wall Street and Washington
(CNBC) President Donald Trump’s decision on Tuesday to end negotiations over additional Covid-19 stimulus left many on Wall Street and in Washington baffled. Why, they wondered, would the White House would make such an abrupt move away from an economic […]
Trump again calls for more airline aid after halting talks for broader stimulus
(CNBC) President Donald Trump late Tuesday again called for billions more in federal support for airline payrolls, hours after he halted talks with Democrats for a national stimulus package until after the election, sending stocks down sharply. To read this article:
Third Point takes stake in Buffett-backed Snowflake
(Reuters) Billionaire investor and hedge fund owner Daniel Loeb told clients that one of his portfolios nursed small losses last month but was helped by positions in Snowflake Inc SNOW.N and Pinterest Inc PINS.N, two fast-growing technology companies. To read […]
Trump’s diagnosis fuels uncertainty for skittish U.S. stock market
(Reuters) – Investors are gauging how a potential deterioration in President Donald Trump’s health could impact asset prices in coming weeks, as the U.S. leader remains hospitalized after being diagnosed with COVID-19. To read this article: