Category Archives: Syndicated
July sees second straight month of hedge fund inflows
(Opalesque) Hedge funds experienced a second straight month of inflows in July, bringing in $10.5 billion as the industry continued to shake off spring’s pandemic-driven redemption trend. July’s new assets built on June’s $15.1 billion in inflows. July’s inflows represented […]
Lyxor Chenavari UCITS team switching to alpha opportunities in “choppy waters”
(Hedgeweek) The team behind the Lyxor Chenavari UCITS fund is repositioning the strategy for upcoming alpha-generating opportunities arising from the “choppy waters” of the forthcoming US election and Brexit. To read this article:
Elliott and Veritas Capital submit offer for Cubic
(Reuters) Hedge fund Elliott Management and buyout firm Veritas Capital have made a joint bid for Cubic Corp following weeks of private talks with the defense and transportation technology firm, people familiar with the matter said on Tuesday. To read […]
Hedge funds gain 2.64% in August
(Opalesque) August was a positive month for hedge funds. The Preqin All-Strategies Hedge Fund benchmark gained 2.64%, building upon July’s return of +3.29%. The 2020 YTD return rose to +5.60%, and the 12-month figure moved almost into double digits (+9.20%). […]
Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’
(CNBC) J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it. “A wealth tax is almost impossible to do,” he told CNBC-TV18 at […]
Hedge fund and private equity worlds collide to exploit credit opportunities
(Hedgeweek) With the ripple effect of Covid-19 still being felt in the global economy, investment opportunities in high yield credit, and in particular distressed credit, have been numerous as investors seek out higher yield, at a commensurate higher risk. To […]
Palantir says in updated filing it expects 42% revenue growth this year to $1.06 billion
(CNBC) Palantir said in a filing ahead of next week’s public market listing that it expects to record growth this year of 42%, to close 2020 with $1.06 billion in revenue. The company, which develops software for government agencies and […]
Apple, Amazon and Google will emerge as winners from a major market shift, tech analyst Gene Munster predicts
(CNBC) Long-time tech analyst Gene Munster believes big tech is on the cusp of a major shift: It’s becoming a stock pickers’ market. The Loup Ventures founder and managing partner expects FAANG stocks, otherwise known as Facebook, Apple, Amazon, Netflix […]
Stock futures rise slightly after S&P 500 breaks 4-day losing streak
(CNBC) U.S. stock futures rose slightly in overnight trading on Tuesday after the S&P 500 experienced its first positive day in five. Dow futures rose 115 points. S&P 500 futures rose 0.05% and Nasdaq 100 futures dipped 0.25%. Better-than-expected earnings […]
Why Warren Buffett’s way of beating the market will not be easily repeated
(CNBC) If you’re hoping that you’ll be the next Warren Buffett, I have some bad news for you. If you’re hoping to pay an investment professional to outperform the market to the same extent that Buffett did, I’ve got more […]
Ex-Citadel and Point72 executive Evan Feng joins the CoinFund investment team
(Opalesque) CoinFund, a private crypto asset investor and blockchain research, and advisory firm, announced that Evan Feng has joined its investment research team. “Evan brings to us his experiences as both a traditional fundamental long/short equities analyst at Citadel and […]
July sees second straight month of hedge fund inflows
(Opalesque) Hedge funds experienced a second straight month of inflows in July, bringing in $10.5 billion as the industry continued to shake off spring’s pandemic-driven redemption trend. July’s new assets built on June’s $15.1 billion in inflows. July’s inflows represented […]