Category Archives: Syndicated
June retail sales should be strong from a pickup in spending before new virus outbreak slowed activity
(CNBC) Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the end of the month as the virus outbreak worsened. According to Dow Jones, economists expect sales rose […]
Hedge fund performance picks in 2Q, with Event Driven-Activist funds dominating
(Opalesque) Hedge funds gained an average of +2.07% in June, but year-to-date (YTD) average industry returns are still in the red at -3.37%. The second quarter was stronger for the industry, with 2Q 2020 average returns at +9.91%. Roughly 40% […]
Satori Capital buys into hedge fund manager Mountain Cove Capital Management
(Opalesque) Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has agreed to back compatriot investment firm Mountain Cove Capital Management. Satori, a multi-strategy firm with more than $1 billion in assets under management, committed to investing […]
U.S. private equity deals plunge 20% in H1 2020
(Opalesque) U.S. private equity transactions fell nearly 20% in deal value to $326.7 billion on 2,173 deals in the first six months of 2020 from the year-ago period, said a study. According to a PitchBook report, many private equity managers […]
Stock futures rise ahead of bank earnings
(CNBC) U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Tuesday, as investors eye earnings reports from some of the nation’s largest banks. Dow futures rose 50 points. The S&P 500 and Nasdaq […]
Quant hedge fund giant Graham Capital brings “novel sources of alpha” to Lombard Odier’s alternatives platform
(Hedgeweek) Graham Capital Management, the long-running US quant hedge fund manager, is launching its multi-asset diversified quant strategy, the Graham Quant Macro fund, on Lombard Odier’s PrivilEdge UCITS fund platform. To read this article:
Tesla stock went into reverse and took the Nasdaq with it, possibly signaling near-term top
(CNBC) The Nasdaq’s stunning reversal, led by Tesla, could signal that big tech has run out of steam and hit a near term top for now, strategists said. Some of the hottest Nasdaq names and both the Nasdaq Composite and […]
Singapore enters recession after economy shrinks more than 40% quarter on quarter
(CNBC) Singapore’s economy entered a technical recession after shrinking by 41.2% in the second quarter compared to the previous quarter, advance estimates by the Ministry of Trade and Industry showed on Tuesday. The latest gross domestic product estimate — computed […]
Blackstone closes first life-science fund at $4.6bn
(Opalesque) Blackstone Group closed its inaugural life sciences fund, Blackstone Life Sciences V (BXLS V), at its hard cap of $4.6 billion, making it the largest life sciences private fund raised till date. Blackstone Life Sciences (BLS) invests in established […]
S&P 500 earnings set to plunge as the coronavirus batters all sectors — with Wall Street counting on a bounce that may not come
(Marketwatch) The one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad — the worst, in fact, in more than 10 years. Although Wall Street is betting that earnings will start […]
Stock futures rise as investors shake off a continued spike in coronavirus cases
(CNBC) Stock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida. Futures on the Dow Jones Industrial Average gained about 65 points, pointing to a 90-point gain at Monday’s open. […]
A healthy dose of scepticism”: How Cheyne Capital’s Richard Woolf is building success with thematic equity hedge fund
(Marketwatch) As manager of Cheyne Capital’s Thematic Long/Short Fund, Richard Woolf (pictured) brings what he describes as a “healthy dose of scepticism” to his portfolio management style and trading approach. To read this article: