Category Archives: Syndicated
Despite a massive recession, JPMorgan Chase just posted record revenue — here’s how the bank did it
(CNBC) JPMorgan Chase managed to throw off the most quarterly revenue in its history at the same time that the U.S. economy is in the throes of a sharp recession. The bank posted $33.8 billion in second-quarter revenue, helping it […]
U.S. Public pensions rebound in Q2 with $308bn asset gain
(Opalesque) U.S. public pension funding during Q2 2020 rebounded gaining $308 billion in the market value of assets and reversing Q1 losses, said a study. Milliman’s Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined […]
Covid-19 prompts a rise in ‘social considerations’ to the forefront of ESG investing
(Opalesque) Fund managers are paying more attention to social considerations, such as labor rights and diversity, than they were prior to the outbreak of coronavirus, said a study. According to BNP Paribas Asset Management (BNPP AM) study on the importance […]
Fed’s Bullard says stock market’s optimism has been proven right, so far
(CNBC) “Equity markets are something we don’t usually talk about at the Fed. I think they have been optimistic and they have been right, I think, up to now anyway,” Bullard told reporters during a speech that was web cast […]
Dow ends up 550 points, stocks jolt higher after Fed’s Brainard calls for ‘sustained’ large-scale asset purchases
(CNBC) U.S. stock indexes closed near session highs Tuesday, after Federal Reserve Gov. Lael Brainard called for sustained large-scale asset purchases by the U.S. central bank to help the economy rebound amid a “thick fog of uncertainty” brought on by […]
Bank earnings will deliver an upside surprise and help boost market, top strategist Art Hogan predicts
(CNBC) Earnings season may kick-off with an upside surprise.National Securities’ Art Hogan is optimistic the banks’ second quarter results will come in better than expected and help lift stocks. “I don’t think expectations for bank earnings have ever been as […]
Goldman Sachs sees the Chinese yuan strengthening to 6.70 against the dollar in the next 12 months
(CNBC) The Chinese yuan is set to see a sizable appreciation against the greenback in the next 12 months, according to Zach Pandl, co-head of global foreign exchange, rates and emerging market strategy at Goldman Sachs. Pandl forecasts the Chinese […]
Four things Covid-19 has taught us about the resilience of the fund management industry
(HedgeWeek) By Xavier Parain CEO, FundRock Management Company – The impact of Covid-19 has altered the mechanics of almost every profession, and the fund management is no different. Here are four things that we have learned about the way that […]
Hedge fund industry gains 2.04% in June as almost all hedge fund sectors have positive month
(Opalesque) Hedge funds continued their positive ways in June, riding a continuing stock market recovery and reopening economies to a 2.04% monthly return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, […]
Dow posts 4-day winning streak, jumps more than 200 points on virus vaccine hopes, Goldman earnings
(CNBC) The Dow Jones Industrial Average closed 227.51 points higher, or 0.9%, at 26,870.10. It was the Dow’s fourth straight daily gain. The S&P 500 was up 0.9% at 3,226.56. The Nasdaq Composite gained 0.5% to end the day at […]
U.S. accounts for three-quarters of AUM in the global hedge fund industry
(Opalesque) The United States accounts for three-quarters of Assets Under Management (AUM) across the globe in the hedge fund industry, said a study. Despite hedge fund activity in other regions globally expanding alongside that of the United States, the country […]
Dow futures little changed as index tries for fifth straight day of gains
(CNBC) Stock futures were little changed in overnight trading on Wednesday as earnings season gets underway, giving investors a clearer picture of the overall health of corporate America. Futures on the Dow Jones Industrial Average fell 63 points, pointing to […]