Category Archives: Syndicated
United Airlines loses $1.6 billion in second quarter but expects to further lower cash burn
(CNBC) United Airlines on Tuesday said it lost $1.63 billion during the second quarter, driven by a plunge in air travel demand because of the coronavirus pandemic. During the same quarter last year it posted a $1.05 billion profit. Revenue […]
Hedge fund assets lift as market rebounds
(Opalesque) Total hedge fund assets surged in 2Q20 as the HFRI Fund Weighted Composite Index® (FWC) posted the strongest quarterly performance gain since 2Q09, while outflows slowed from their 1Q pace. Total capital invested in hedge funds increased to $3.177 […]
Hedge funds gained an average of +2.07% in June bringing YTD average returns to -3.37%
(Opalesque) Varied returns among largest managers highlight hedge fund performance, said eVestment. Hedge funds gained an average of +2.07% in June bringing YTD average returns to -3.37%. According to the report, roughly 40% of the industry is producing positive results […]
Man Group announces distribution partnership with the AMCS Group
(Opalesque) Man Group, the active investment management firm, today announces the appointment of the AMCS Group as its third party distribution partner focused on the US offshore and Latin American wealth markets.The appointment, which follows a robust selection and due […]
Big Tech stocks add $291 billion in market value in one day
(CNBC) Shares of Amazon, Tesla, Microsoft, Apple, Alphabet, Facebook and Netflix popped Monday, adding $291.66 billion in combined market valuation. Tech stocks have been among the top performers during the Covid-19 pandemic, with many reaching all-time highs in recent weeks […]
IBM improves gross margins in Q2 under new CEO
(CNBC) IBM shares rose as much as 6% in extended trading on Monday after the company reported second-quarter earnings that were better than analysts had expected. To read this article:
Buffett’s Berkshire Hathaway has lost more market value in 2020 than all but 4 publicly traded U.S. companies
(Marketwatch) JPMorgan, Wells Fargo, Bank of America, and Exxon Mobil shares are the only companies hit harder than Berkshire Hathaway To read this article:
Stock futures hold steady in overnight trading after a strong tech rally on Wall Street
(CNBC) Stock futures were flat in overnight trading on Monday after a strong performance in technology shares pushed the S&P 500 in positive territory for the year. Futures on the Dow Jones Industrial Average dipped about 10 points, while the […]
Global hedge fund industry buffeted by headwinds, says new report
(Hedgeweek) The global hedge fund industry is currently facing a number of headwinds, from fee pressure, increased redemptions and liquidations, to the decreasing new fund launches as investors around the world look towards defensive strategies, according to a new report […]
“From hope to worry”: Positive market movements still hinge on vaccine progress, says BlueBay
(Hedgeweek) BlueBay Asset Management, the London-based fixed income and emerging markets manager, is warning the recent uptick in economic activity could give way to “a more difficult backdrop” in August, as the future direction of the global economy continues to […]
Stock futures rise slightly as Wall Street tries to extend last week’s gains
(CNBC) Dow Jones Industrial Average futures traded 68 points higher, or 0.3%. S&P 500 futures advanced 0.2% along with Nasdaq-100 futures. The S&P 500 and Dow rose 1.3% and 2.3%, respectively, last week for their third straight weekly advances. Those […]
Jamie Dimon’s warning for the U.S. economy — nobody knows what comes next
(CNBC) Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes. Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things […]