Category Archives: Syndicated
Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal
(CNBC) U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and […]
Ex-private equity executive pleads guilty to stealing SEC info
(Reuters) A former chief compliance officer at a private equity firm pleaded guilty to a misdemeanor on Tuesday, obviating the need for a rare criminal bench trial expected to start this month on charges he stole information about a U.S. […]
Hedge funds extend performance rebound to five months
(Opalesque) Hedge funds extended the recent performance surge in August, navigating a complex and volatile environment driven by the ongoing global pandemic, violent social unrest and protests across U.S. cities, and evolving uncertainty around the upcoming U.S. election. To read […]
Stock futures in positive territory as Wall Street looks to bounce from technology-led sell-off
(CNBC) U.S. stock futures were in positive territory during Wednesday early morning trading, following the technology-led stock rout that continues to pressure financial markets. Dow futures rose 11 points. S&P 500 futures and Nasdaq 100 futures also both traded in […]
Elliott Management discloses stake in Chevron target Noble Energy
(Reuters) Hedge fund Elliott Management Corp has acquired a stake in Noble Energy Inc, the oil and gas producer which agreed in July to be bought by Chevron Corp for $5 billion. The stake was disclosed in a notice posted […]
The six biggest tech stocks have lost more than $1 trillion in value in three days
(CNBC) The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week. Apple, which hit a $2 trillion market […]
Hedge fund’s mid-year trends and strategies currently in demand
(Opalesque) By Donald A. Steinbrugge, CFA, Founder and CEO – Agecroft Partners, LLC. The hedge fund industry is dynamic, comprising numerous strategies that attract varying degrees of interest over time. Demand for each strategy is impacted by many variables including capital […]
VC investment in the blockchain and cryptocurrency space fell during H1 2020
(Opalesque) Global VC investment in the blockchain and cryptocurrency space fell from $4.6 billion in H1 2019 to $1.2 billion during H1 2020, due partly to COVID-19 and partly the intensifying focus on value. Digital asset platform. According to a […]
Out of favor’ assets offer opportunity to make big money, says billionaire investor Howard Marks
(CNBC) Investments that have been “out of favor” could offer big returns that are becoming increasingly difficult to find in today’s low interest rate environment, according to Howard Marks, a widely followed billionaire investor. “It’s not easy to find opportunities […]
Hedge Fund’s Buying Spree During Credit Slump Fuels 36% Return
(Bloomberg) Distressed-assets specialist Alp Ercil went on a billion-dollar buying spree in March and April, bargain-hunting amid the indiscriminate selloff in credit markets. Ercil’s Hong Kong-based Asia Research & Capital Management Ltd. deployed almost 80% of the $1.6 billion raised for his […]
Dow futures jump 200 points in overnight trading following the worst tech rout since March
(CNBC) Stocks futures climbed in overnight trading on Monday after technology shares suffered their worst sell-off in more than five months. Futures on the Dow Jones Industrial Average gained about 220 points, while the S&P 500 futures rose 0.5%. The […]
Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
(Reuters) In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for what happened, The Wall Street Journal .The disagreement began […]