Category Archives: Syndicated

SS&C GlobeOp Forward Redemption Indicator at 3.43 per cent for September

(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for September 2020 measured 3.43 per cent, up from 3.08 per cent in August. To read this article:

The world’s biggest hedge fund is working from tents in the forest during the COVID pandemic

(Fortune) Ray Dalio founded his hedge fund Bridgewater Associates upon the principle he calls “radical transparency.” Yet the firm had perhaps never practiced the concept quite so literally until this spring, when they applied it to their very own walls […]

Hedge funds pile into Nikola short positions, as e-vehicle maker’s founder resigns amid fraud allegations

(Hedgeweek) Hedge fund short sellers are circling Nikola Corporation, the electric vehicle and component manufacturer at the centre of fraud allegations, with the Nasdaq-listed firm’s share price tipped to tumble this week following executive chairman Trevor Milton’s sudden resignation on […]

Nikola founder forfeits $166 million in stock he would have lost and gets to keep $3.1 billion in separation deal

(CNBC) Nikola founder Trevor Milton agreed to forfeit up to roughly $166 million of equity as well as a two-year, $20 million consulting contract as part of his abrupt departure from the company he started. However, the EV executive gets to walk away with more than […]

Activist investor Trian Fund Management takes stake in Comcast

(Reuters) Activist investor Trian Fund Management LP has taken a stake in Comcast Corp CMCSA.O in a bet that the media company’s stock is undervalued, a regulatory filing on Monday showed. The investor has taken a stake of 7.16 million […]

Monday’s stock-market selloff sets up worst September in 18 years

(Marketwatch) Stocks on Monday were seemingly unraveling a bullish trend that now risks thrusting U.S. equity benchmarks into a bearish tilt that could set the stage for the worst September selloff in years for the major equity gauges. The broad-market […]

Fed’s Powell tells Congress it’s up to them to provide aid to some troubled companies

(Marketwatch) If Congress is worried about the health of some American businesses, it’s up to lawmakers to provide support directly, Federal Reserve Chairman Jerome Powell said in remarks released Monday. The Fed can only make loans, which isn’t much of […]

Stock sell-off accelerates and is expected to get worse before it gets better

(CNBC) Stock investors focused on new worries about the coronavirus and economy, selling into a market Monday that was already technically shaken and set for further declines. But Monday’s sharp sell-off was different than the September slump that has centered […]

Here’s why top economists are not worried about the national debt, now worth over $26 trillion

(CNBC) Many arguing against aggressive stimulus spending from the federal government cite one critical reason: the national debt. Now totaling over $26.7 trillion, the U.S. debt-to-GDP ratio is one of the highest in the world. Top economics and policymakers, however, […]

Biden’s capital gains tax hike could spark a big sell-off in stocks. Here’s what that means for the market

(CNBC) Democratic presidential nominee Joe Biden’s plan to increase the capital gains tax could lead to a large-scale sell-off of stocks, according to economic analyses. As part of his $4 trillion tax plan, Biden has proposed increasing the top tax […]

Nikola founder Trevor Milton to voluntarily step down as executive chairman

(CNBC) Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down as executive chairman. The electric truck company said the board accepted Milton’s resignation from the role and the board. Stephen Girsky, former vice chairman of General Motors and […]

Hedge Funds Can’t Possibly Survive the Nasdaq Whale

(Bloomberg) These days, you don’t really need a professional to tell you how to make money. The rise of Big Tech alone has allowed investors in exchange-traded funds to recoup their March losses. As for the more adventurous players, like SoftBank Group […]