Category Archives: Syndicated
Rhenman’s global equity hedge fund slips deeper into red after energy and financials stumble
(Hedgeweek) Rhenman & Partners Asset Management saw its global equity hedge fund tumble in July, as losses in energy and financials positions outweighed gains in information technology stocks. To read this article:
June was a positive month for hedge fund performance, says EDHEC-Risk
(Hedgeweek) Eleven out of 13 hedge fund strategies covered by the EDHEC-Risk Alternative Indexes delivered positive returns in June. The two exceptions were CTA Global and Short Selling. To read this article:
Stock futures slightly higher after S&P 500 snaps seven-day winning streak
(CNBC) U.S. stock futures rose slightly in overnight trading and pointed to gains at the open on Wednesday after the S&P 500 closed lower for the first time in eight days. Dow futures were higher by 54 points. The S&P […]
Wall Street executives are glad Joe Biden picked Kamala Harris to be his VP running mate
(CNBC) Wall Street leaders on Tuesday cheered Joe Biden’s selection of Sen. Kamala Harris as his running mate in the presidential election. Finance executives, confident the ticket has what it takes to topple President Donald Trump, raved about her experience in […]
Hedge funds continue strong run with Chinese hedge funds in the lead
(Opalesque) Opalesque Industry Update – The Eurekahedge Hedge Fund Index was up 2.61%1 in July, bringing its year-to-date return to 1.73%, supported by the robust performance of underlying global equity markets as represented by the MSCI ACWI IMI (Local) which […]
Trump says U.S. has reached deal with Moderna for 100 million doses of coronavirus vaccine
(CNBC) President Donald Trump on Tuesday announced the U.S. government will purchase 100 million doses of Moderna’s experimental coronavirus vaccine, which is currently in late-stage human trials. Moderna separately said the deal for its vaccine, mRNA-1273, is worth $1.53 billion and […]
Tesla announces five-for-one stock split
(CNBC) Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock split changes nothing fundamental about the stock. Theoretically, the […]
Dow, S&P 500 see 7-day winning streaks snap in late selloff, dragged down by tech shares
(Marketwatch) Stocks stumbled in late trade Tuesday, giving up early gains to end lower as a selloff in tech shares continued and investors assessed the outlook for the economy amid a slowing in the number of new coronavirus cases and […]
Industry Ventures closes $180m sophomore co-investment fund
(Marketwatch) San Francisco, CA-based venture capital firm Industry Ventures closed Industry Ventures Direct II, at $180m. The Fund will continue the same strategy of making direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund managers […]
Layoffs come for the asset management industry as economy stumbles
(Opalesque) The asset management industry is bracing for job and pay cuts according to the latest report from Johnson Associates. Lower fee products, a greater risk for defaults and a tumultuous market environment will make it difficult for asset managers […]
Hedge funds turn up the heat with strong gains across equities, macro and activist strategies
(Hedgeweek) Hedge funds have stormed into the second half of the year, recording their second highest monthly return in almost 18 months, and their third biggest monthly return in a decade, with equities and macro-focused managers leading the way. To […]
JPMorgan and Goldman Sachs took top spots as M&A advisers in H1 2020
Opalesque) US banks JPMorgan and Goldman Sachs were the leading financial advisers on acquisition deals in the first half of 2020, according to the latest survey from GlobalData. To read this article: