Category Archives: Syndicated
Futures shed gains, pointing to opening decline for Wall Street
(CNBC) U.S. stock futures shed earlier gains in overnight trading on Wednesday as investors looked ahead to the national initial jobless claims data expected on Thursday morning.Dow futures fell 232 points, indicating an opening drop of around 286 points, at […]
Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hilton
(CNBC) Pershing Square manager Bill Ackman exited his market hedge positions earlier this week and used the more than $2 billion in proceeds to bulk up on his fund’s existing stakes as well as reinvest in coffee chain Starbucks. To […]
Coronavirus: A “massive” hit on the global economy, worse global recession than forecast, says S&P Global Ratings
(Opalesque) A global recession will occur later this year, S&P Global forecasts. Moves to slow the spread of the coronavirus will have a “massive” impact on the global economy, S&P Global Ratings warned. To read this article:
Most hedge funds strategies except CTAs were down in mid-March: Lyxor
(Opalesque) Alternative strategies were fairly resilient during the first weeks of the market turmoil but cracks appeared mid-March, said Lyxor in its weekly brief. According to the report, as of March 16th, most strategies except CTAs were down in a […]
Stock futures decline following a historic rebound as massive stimulus deal nears
(CNBC) Stock futures were lower in overnight trading, following Tuesday’s historic rally, as investors awaited an unprecedented stimulus package to combat the economic impact of the coronavirus. Futures on the Dow Jones Industrial Average fell 158 points, pointing to a […]
Citadel turns 2020 profit after spotting virus risk early
(CNBC) Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person […]
Senate talks continue on massive cornavirus stimulus as final agreement proves elusive
(CNBC) Negotiations on a massive stimulus bill to prop up the U.S. economy as it reels from the coronavirus outbreak dragged on late Tuesday night, as final agreement proved elusive. To read this article:
Trump, Pence held call on economy with investors including Paul Tudor Jones, Stephen Schwarzman
(CNBC) President Donald Trump and Vice President Mike Pence held a call with some of the most prominent investors and leaders on Wall Street to discuss the coronavirus impact on the economy, according to sources. Investors on the call included […]
Anthony Scaramucci cancels 2020 SALT hedge fund conference in Las Vegas
(Opalesque) Hedge fund veteran Anthony Scaramucci canceled SALT hedge fund conference in Las Vegas, which was due to take place May 19-21, 2020, on account of the public health concerns over COVID-19. To read this article:
Moody’s downgrades global asset managers outlook to negative amid coronavirus pandemic
(Opalesque) The spread of COVID-19 has led to a negative outlook for global asset managers by rating agency Moody’s. The outlook was downgraded from stable.The rating agency said it shifted its sector overview from stable following the “precipitous drop” in […]
China will emerge from the coronavirus crisis stronger than the U.S., experts warn
(Marketwatch) China has, so far, won the propaganda battle over which superpower can best handle a pandemic To read this article:
Hedge funds eye buying opportunities, capital raises as markets selloff
(Opalesque) Markets are selling off, but some hedge fund managers are finding buying opportunities and a few shops are raising new funds in order to participate in the recovery. To read this article: