Category Archives: Syndicated

Why this hedge fund manager is betting against drug companies in the race for a Covid vaccine

(Hedgeweek) The frantic hunt for an effective vaccine against coronavirus could leave some pharmaceutical companies highly exposed in a fiercely competitive race – and UK hedge fund Argonaut Capital is weighing in with several key bets against the sector. To read […]

Global hedge funds record their best five-month performance of 12.85%

(Opalesque) The Eurekahedge Hedge Fund Index was up 1.85% in August, bringing its year-to-date return to 3.79% and its five-month trailing return to 12.85% since end-March. “ To read this article:

Institutional investors back private assets despite Covid-19 uncertainty

(Opalesque) Institutional investors said they were ramping up their allocations to private assets from 12.8% a year ago to 14.1% over the next 12 months, with 46% stating that an increase in their allocation to private assets would help manage […]

Credit Suisse teams up with Qatar SWF on multi-billion direct private credit platform

(Opalesque) Swiss bank Credit Suisse and the Qatar Investment Authority (QIA) said on Thursday they were jointly setting up a multi-billion dollar direct private credit business. QIA, which is Qatar’s sovereign wealth fund and has a 5.4% stake in Credit […]

Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions

(CNBC) Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche Welle (DW). Those documents showed […]

Antares Capital racks up $3bn for a latest private credit fund

(Opalesque) Antares Capital Advisers, the registered investment adviser arm of Antares Capital, has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed companies. The middle-market lender said that […]

The market isn’t convinced the Federal Reserve can achieve its inflation objective

(CNBC) For the past decade or so, the Federal Reserve has been quite effective in helping to create inflation, just not the kind that it normally targets. The Fed’s perpetually easy monetary policy, consisting of historically low short-term interest rates […]

Managed futures report another month of gains in August

(Opalesque) Managed futures funds turned in another positive month in August returning 0.18%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.73% through August. “The S&P 500 extended […]

Stock futures are flat in overnight trading after Dow snaps a 4-day win streak

(CNBC) Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names. Futures on the Dow Jones Industrial Average rose about 20 points. The S&P 500 futures and the Nasdaq 100 […]

Snowflake’s first-day pop means IPO left $3.8 billion on the table, the most in 12 years

(CNBC) One of the biggest problems with the traditional IPO process (and there are several) is that it’s impossible to say whether a deal is a success or a failure.  Snowflake, the cloud-based data management company that’s 2020?s biggest IPO, […]

Covestro says it is not in takeover talks with Apollo

(Reuters) German plastics maker Covestro 1COV.DE knocked back a report on Friday that it was in takeover talks with private equity firm Apollo Global Management APO.N. “I can confirm that we are not in takeover talks with Apollo,” spokesman Lars […]

Bullish market activity in 2021 will cost jobs, $7 billion money manager predicts

(CNBC) Money manager Kevin Nicholson expects the stock market to stabilize and rise in early 2021. But the co-chief investment officer of global fixed income at RiverFront Investment Group warns it’ll come at a cost to the jobs market. To […]