Category Archives: Syndicated
APAC-focused PE/VC AUM at $1.29tn a record high and up 34%
(Opalesque) APAC-focused private equity & venture capital (PEVC) assets under management (AUM) have surged in recent years to a record-high $1.29tn as of December 2019, marking a staggering 34% increase from a year prior, said Preqin. “Strategies targeting generally more […]
Anthony Scaramucci hired Trump’s former body man for political consulting as feud with president grew
(CNBC) President Donald Trump’s former body man went to work on Wall Street for Anthony Scaramucci after being fired from the White House just a year earlier. John McEntee, the former personal assistant who was let go in 2018 after reportedly […]
Ex-Trump Acting Chief of Staff Mulvaney Starting Hedge Fund
(Bloomberg) Mick Mulvaney, a Trump administration veteran who served as acting White House chief of staff, is launching a hedge fund that aims to bet on financial services stocks. To read this article:
Hedge funds total redemptions reduced from $47.7bn in Q1 to $15.6bn in Q2
(Opalesque) Hedge fund assets under management (AUM) have risen in the second quarter of 2020, said Preqin. In a Q1 2020 rocked by poor performance and significant investor redemptions, industry AUM dipped below $3.5tn for the first time since Q4 […]
Stock futures flat in overnight trading after S&P 500 and Dow notch best August since 1980s
(CNBC) Stock futures were flat in overnight trading on Monday after Wall Street notched its fifth consecutive month of gains. Futures on the Dow Jones Industrial Average rose about 20 points. The S&P 500 futures and the Nasdaq 100 futures […]
Zoom shares soar after revenue more than quadruples from last year
(CNBC) Zoom Video Communications shares rose as much as 25% in extended trading on Monday after the company reported fiscal second-quarter earnings that were better than analysts had expected and raised its full-year guidance significantly. To read this article:
September uncertainty will mark a volatility comeback, top strategist Lindsey Bell warns
(CNBC) The Dow is coming off its best August since “Ghostbusters” dominated the Billboard’s top 100 list 36 years ago. But it’s the next four weeks that could give investors a scare. Ally Invest’s Lindsey Bell predicts volatility will make […]
JC Penney hits ‘stalemate’ with potential buyers. Lenders to make bid for department store in bankruptcy
(CNBC) Talks to find a buyer for J.C. Penney have hit a “stalemate,” and time is running out to keep the department store chain alive, according to the company’s attorney. Discussions with three potential bidders, including the mall owners Simon […]
Billionaire Steve Cohen enters talks to buy New York Mets:
(Reuters) Billionaire hedge fund manager Steve Cohen has entered exclusive negotiations to buy the New York Mets. Cohen fended off a bid from a consortium led by Alex Rodriguez and singer-producer Jennifer Lopez. To read this article:
Ackman sees more gains for his portfolio, urges stock ownership for all Americans
(Reuters) Billionaire hedge fund manager William Ackman touted the success of his funds late last week, citing attractive valuations for his holdings and saying he has up to $7 billion to invest in a private company, while saying that opening […]
SEC Commission to vote on changes to the Wall Street whistleblower law on 2 September
(Hedgeweek) The US Securities and Exchange Commission (SEC) will meet at 9am on 2 September, 2020 to vote on proposed changes to the SEC’s highly successful Dodd-Frank Act whistleblower reward program. To read this article:
Emerging markets hedge funds surge as equities gain through global pandemic
(Hedgeweek) Emerging Markets and Asian hedge funds surged in Q2 2020, recovering from steep losses experienced in late 1Q, with many indices posting gains for YTD 2020 through July. To read this article: