Monthly Archives: January 2020
Hedge funds on track to end 2019 with four consecutive positive quarters
(Hedgeweek) Hedge fund managers recorded a second positive month in the fourth quarter of 2019, with the equal-weighted index up 0.73 per cent and the asset-weighted index up 0.20 per cent in November following the positive geopolitical developments surrounding the […]
Wall Street starts 2020 with new records on China stimulus, trade hopes
(Reuters) – Wall Street’s major indexes notched record highs to open the new year on Thursday, as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook. To read this article:
U.S. jobless claims edge lower but trend points to uptick in filings
(Reuters) – The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher. To read this article:
Venture capital firm EV Growth closes first fund at a hard cap of $250m
(Opalesque)Singapore-based venture capital EV Growth has closed a $250 million funding round, exceeding the firm’s initial $150 million target. The inflow of commitments come from Singapore’s Temasek, an undisclosed sovereign wealth fund in Asia, as well as several Asia-based family […]
Dollar recovers from six-month low after year-end selloff
(Reuters) – The dollar recovered from a six-month low to add 0.44% on Thursday, the first trading day of 2020, ending a four-day losing streak and a downbeat December that had left the index virtually flat at the end of […]
MetLife to Pay $10 Million for Longstanding Internal Control Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses. […]
Don’t look now, but Goldman Sachs is saying the economy is nearly recession-proof
(CNBC) Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying […]
Stocks post best annual gain in 6 years with the S&P 500 surging more than 28%
(CNBC) Stocks rose slightly on Tuesday as Wall Street wrapped up a banner year that saw equities surge to record highs, overcoming concerns about the economy and a trade fight with China. To read this article:
U.S. dollar share of global currency reserves highest for a year in third quarter: IMF data
(Reuters) The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the third quarter to its highest level in a year, while the yen’s share of reserves grew to the largest in two decades, data […]
The decade that saw volatility trading come of age
(Reuters) – What do you do when daily stock market gyrations all but dry up? Apparently, trade volatility like never before.Among the myriad Wall Street legacies of the soon-ending 2010s has been the emergence of market volatility – or the […]
Skittish investors drive hedge fund redemptions to $29.1bn in November
(Hedgeweek) Hedge fund redemptions picked up speed in November, falling short of September’s five-year high but outpacing October’s level, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions. To read this article:
Cramer on Apple earnings: The haters have ‘no more new ammunition’
(CNBC) Apple’s many haters are at a loss for negative things to say about the company now that its first-quarter earnings came in less awful than many feared, CNBC’s Jim Cramer said Tuesday. “The issue for those who hate Apple? […]