Category Archives: Syndicated
Bridgewater executive denies report claiming gender discrimination in pay
(Reuters) Bridgewater Associates’ director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund’s management including founder Ray Dalio and Chief Executive Officer David McCormick, […]
Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app
(CNBC) Goldman Sachs is one step closer to creating what it calls the digital bank of the future. The bank has just released the first version of a personal finance management tool that gives customers of its Marcus retail brand […]
Neuberger Berman hauls in over $300m to close new alternative credit fund
(Opalesque) Asset management giant Neuberger Berman has raised more than $300m for the final close of the first NB Specialty Finance Fund. Neuberger Berman Specialty Finance (NBSF), an alternative credit offering of the $357 billion asset manager, said that it […]
Hedge funds prove agile and resilient as they embrace the new reality
(Opalesque) New research from KPMG International and the Alternative Investment Management Association (AIMA) finds that hedge funds are preparing to emerge from disruption caused by the coronavirus pandemic more resilient, adaptable, diverse, efficient, and productive. The report, Agile and Resilient: […]
Goldman now sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street
(CNBC) Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking forecast is now 14 percentage points ahead of the Wall Street […]
Dow futures up around 200 points following Thursday’s wild ride
(CNBC) U.S. stock futures traded higher early Friday morning after a volatile session in which the recent tech sell-off resumed. Dow Jones Industrial Average futures were up by 199 points. S&P 500 futures, along with Nasdaq 100 futures, both traded […]
Oracle’s stock jumps as company returns to growth
(CNBC) Oracle shares rose as much as 6% in extended trading on Thursday after the software maker reported fiscal first-quarter earnings and quarterly guidance that were better than analysts had expected. To read this article:
Samsung shares could rally over 40% to record highs on smartphone rebound and chips, analyst says
(CNBC) Samsung shares could rally over 40% in the next year, according to one analyst who sees TV and smartphone sales rebounding sharply in the near-term and a boost in the chip division. To read this article:
Dow closes 400 points lower as tech sell-off resumes
(CNBC) Stocks fell sharply in volatile trading on Thursday as the rout in tech — the best-performing sector in the market — resumed after a one-day respite. The Dow Jones Industrial Average closed 405.89 points lower, or 1.45%, at 27,534.58. Earlier […]
Hedge funds on a roll with strongest five-month showing since early 2000
(Hedgeweek) Hedge fund managers running a range of investment strategies rose again last month, with August’s gains capping the strongest five-month run for the industry in more than 20 years. To read this article:
JPMorgan says some employees have ‘fallen short’ as bank probes abuses of government relief funds
(CNBC) JPMorgan Chase welcomed employees back from a long holiday weekend with a troubling message in their inboxes: Some of them may have been involved in potentially illegal activity. The bank’s operating committee, led by CEO Jamie Dimon, sent an […]
Investors are buying the dip for now, but the market rout is likely not over
(CNBC) The swift correction in Nasdaq and technology stocks has cleared away some of the market’s speculative froth, but there is likely to be a period of choppiness before stocks begin a new march higher, strategists say. Stocks staged an […]