Category Archives: Syndicated
Private equity portfolio companies weathering the Covid-19 storm
(Opalesque) Private equity portfolio companies are largely weathering the storm caused by the coronavirus crisis, new research from risk management firm Willis Towers Watson shows. The report revealed that despite a subdued environment for exit deals in the first six […]
Investors face ‘a scary, out-of-whack’ scenario — just look at this chart
(Marketwatch) If it weren’t for the “Giant 5,” your money would have been better off sitting in cash than the stock market over the past few years, according to Wolf Richter of the Wolf Street blog. To read this article:
Hedge funds continue the positive run for the third consecutive month in June
(Opalesque) Hedge funds advanced in June for the third consecutive month, concluding a volatile 1H20 defined by a steep 1Q global equity market decline driven by the global coronavirus pandemic followed by a mixed 2Q recovery despite ongoing virus concerns […]
A textbook Wall Street activism play is unfolding with underperforming software company Virtusa
(CNBC) A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism — a company with poor operating history, horrible corporate governance, underperforming […]
Skepticism and fear of missing out is raging on Wall Street, top strategist Meghan Shue finds
(CNBC) Wilmington Trust’s Meghan Shue sees a battle is underway on Wall Street as coronavirus cases surge and companies get ready to report second quarter earnings.According to the firm’s head of investment strategy, there’s a tug-of-war between market skepticism and […]
KKR to buy Global Atlantic for $4.4bn
(Opalesque) Private-equity giant KKR agreed to acquire retirement and life insurance company Global Atlantic Financial Group for roughly $4.4 billion. According to the New York-based PE firm said it would pay the amount of Global Atlantic’s book value as of […]
Warren Buffett just dropped to his lowest ranking ever on the Bloomberg Billionaires Index
(CNBC) Looks like he’ll have to scrape by on a mere $68.6 billion. Warren Buffett, after giving away a $2.9 billion gift, has seen his wealth drop below those of Google’s GOOG, +1.00% Larry Page and Sergey Brin as well […]
Financial advisory firm tells clients Biden won’t be moving too far left if he becomes president
(CNBC) Financial advisory firm Signum Global Advisors told clients Thursday that it isn’t convinced Joe Biden is going to be as progressive as some may hope if he beats President Donald Trump in November. The firm told its corporate clients […]
Stock futures rise after Thursday’s wild session
(CNBC) Stock futures rose on Thursday night following a mixed session in which coronavirus concerns pushed investors further into tech shares. To read this article:
Treasury’s Mnuchin backs narrower coronavirus aid package as talks with Congress resume
(CNBC) Treasury Secretary Steven Mnuchin indicated Thursday that the White House will not back the kind of sweeping coronavirus relief it supported in earlier bills, instead opting for narrower aid even as the pandemic ravages the United States. To read […]
Amazon plans at least $100 million in stock awards to keep Zoox talent after $1.3 billion deal
(CNBC) Amazon plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of […]
Crispin Odey Hedge Fund’s Losses Deepen to 17.9% in First Half
(Bloomberg) The Odey European Inc. Fund fell in five out of six months, including a 7.3% drop in June, wiping out a surge during the market sell-off in March, according to a letter to investors seen by Bloomberg. Odey’s losses […]