(Opalesque) Canadian institutional investors overseeing more than $2.3-trillion in combined assets have signed a statement that acknowledges the existence of systemic racism in Canada and have pledged to promote diversity and inclusion in their portfolios and organizations. To read this […]

(CNBC) Stock futures plunged in early morning trading on Friday after President Donald Trump said he tested positive for the coronavirus. Futures tied to the Dow Jones Industrial Average plummeted 555 points. S&P 500 futures and Nasdaq 100 futures were also […]

(CNBC) President Donald Trump said he and first lady Melania Trump have tested positive for coronavirus, plunging the United States into further upheaval and uncertainty just over a month away from Election Day. In a tweet early Friday morning, Trump […]

(Reuters) An affiliate of private equity giant Apollo Global Management Inc APO.N is looking to raise $750 million through an initial public offering for a new blank-check company. Apollo Strategic Growth Capital said on Thursday it would offer 75 million […]

(Hedgeweek) The rate of new hedge fund launches grew between April and June following the coronavirus-fuelled first quarter slump, as hedge fund performance recovered – but the number of new roll-outs over the past 12 months remains “historically low”, Hedge […]

(Marketwatch) Leon Cooperman, the 77-year-old billionaire chief executive of hedge fund Omega Advisers, has a lot of thoughts on the stock market. Or, as he puts it, three stock markets. The first market is what he would call the FAANG […]

(Marketwatch) Shareholder activist Trian Fund Management LP has taken big stakes in investment firms Invesco Ltd. and Janus Henderson Group PLC and plans to agitate for deal making aimed at building a rival to the biggest asset managers in the […]

(CNBC) Layoffs in several of the nation’s biggest industries are making headlines this week. The list includes Disney eliminating 28,000 employees connected to the coronavirus theme park shutdowns, United Airlines and American Airlines collectively planning to put 32,000 workers on furlough, and insurer […]

(Opalesque) New hedge fund launches rose from a near-record low in 1Q20, as investor risk tolerance began to recover from the global coronavirus pandemic volatility, according to the latest HFR Market Microstructure Report, released today by HFR. New hedge fund […]

(Bloomberg) Hedge funds can rest easier for now. Federal Reserve Vice Chairman for Supervision Randal Quarles said he doesn’t think the investment firms deserve the lion’s share of blame for tumult that swept financial markets in March — contrasting statements […]

(CNBC) U.S. stock futures rose slightly in overnight trading, as investors braced for the start of the fourth quarter with hopes of fiscal stimulus. Dow futures rose 115 points. S&P 500 futures and Nasdaq 100 futures ticked up 0.25% and 0.3%, […]

(CNBC) Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and Institutional Investor that SPACs were filling a needed role for companies that were closing in on going public. Apollo has both raised its […]