Category Archives: Syndicated
Hedge funds lift off with 11.48% returns in Q2 2020
(Opalesque) Hedge funds returned 11.48% in Q2 2020, the highest gains since 2009, following losses of 10.63% in Q1, said Preqin. According to the report, hedge funds have broken even for H1 2020, with YTD returns hitting -0.37% as of […]
Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
(CNBC) The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near […]
Shell posts net loss of $18.3 billion in the second quarter after huge write-down
(CNBC) Oil giant Royal Dutch Shell on Thursday reported a sharp net loss year-on-year, following an unprecedented period of energy market turmoil and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to shareholders on […]
Stock futures dip after Fed rate decision, Big Tech earnings loom
(CNBC) U.S. stock futures dipped on Wednesday night following a session in which the major averages posted solid gains as the Federal Reserve pledged to maintain current stimulative measures. Dow Jones Industrial Average futures slipped 34 points, or 0.1%. S&P […]
Credit Suisse reports 24% rise in net profit as it merges its investment banking units
(CNBC) Credit Suisse posted Thursday a 24% increase in net income and made additional provisions amid a “challenging economic environment.” The Swiss bank also announced several structural changes. This will include the setting up of a global investment bank unit […]
Hedge fund investors split down the middle on 2020 performance, says new investor poll
(Hedgeweek) Hedge fund investors are evenly split over how satisfied they are with the industry’s performance this year, according to a new industry poll by investment consultant bfinance. To read this article:
Hedge fund performance up +1.1% so far in July: Lyxor
(Opalesque) Lyxor Peer Groups suggest hedge fund performance was up +1.1% so far in July, with Market Neutral L/S underperforming (+0.4%) and Directional L/S Equity, Global Macro and L/S Credit strategies outperforming (+1.0% to +1.6%). Every hedge fund strategy was […]
Odey names ex-CQS equities man for new institutional hedge fund business role
(Hedgeweek) Odey Asset Management, Crispin Odey’s long-running hedge fund firm, has hired former CQS and Pensato Capital man Jos Trusted as head of institutional business, a newly-created role aimed at expanding institutional business and developing the firm’s product range. To […]
Deutsche Bank posts second-quarter net loss as restructuring continues amid the pandemic
(CNBC) Deutsche Bank on Wednesday reported a net loss attributable to shareholders of 77 million euros ($90.3 million) for the second quarter.This marks a stark improvement from the bank’s 3.2 billion euro loss for the same period last year in […]
Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredients
(CNBC) Eastman Kodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. Shares of Kodak soared more than 60% in extended […]
How the $1,200 stimulus checks in the HEALS Act could differ from the first payments
(CNBC) A second round of $1,200 stimulus checks could be coming, thanks to Senate Republicans’ new stimulus proposal.The terms of the new payments were outlined in the HEALS Act introduced by Senate Majority Leader Mitch McConnell, R-Ky., on Monday. Democrats […]
Fed puts $18 trillion U.S. government bond market under lockdown
(Marketwatch) Even for a market known to fall asleep over the summer, trading in the Treasury has gone quiet as the Federal Reserve asserts its intent to keep interest rates at zero for a long time. The potential for interest […]