By Svea Herbst-Bayliss BOSTON (Reuters) – Cinctive, a hedge fund that nearly tripled assets since its 2019 launch, is looking to capitalize on the market volatility stirred up by the Omicron variant of the coronavirus and worries over a hawkish shift from the Federal Reserve. Among the areas the fund believes are attractive are financial …
Hedge fund Cinctive sees potential bargains as volatility roils markets Read More »
By Carolina Mandl and Katanga Johnson (Reuters) – Fundraising is likely to become momentarily tougher for financial startups in Latin America as the prospect of higher interest rates has reduced investor appetite for riskier assets, chief financial officers told the Reuters Next conference. Panelists said investors will ask for more indications of profitability before pouring …
Fundraising for Latam fintechs likely to be under pressure Read More »
SHANGHAI (Reuters) -China on Friday authorised its insurers to take part in securities lending, potentially boosting short-selling activities in the country’s stock and bond markets. Chinese banks, brokerages and mutual fund houses can already conduct the business, lending securities holdings to other market players, such as short-sellers, for interest income. The China Banking and Insurance …
China promotes short-selling by letting insurers lend securities Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen and Vice President Kamala Harris will announce significant new funding to boost lending to minority-owned businesses and low-income communities at a racial equity forum on Dec. 14, a U.S. official said on Thursday. The administration of President Joe Biden plans to announce a “major milestone” …
U.S. Treasury to unveil funding boost for minority lending on Dec. 14 Read More »
By Ross Kerber and Simon Jessop (Reuters) – Sustainability-focused investors believe a little effort can go a long way toward finding profitable opportunities buried in incomplete corporate environmental or social impact filings. That is according to several speakers on a panel at the Reuters Next conference, who described how they choose sustainable investments and work …
Sustainable investors look for profits in fuzzy data Read More »
By Katanga Johnson WASHINGTON (Reuters) -Chinese companies that list on U.S. stock exchanges must disclose whether they are owned or controlled by a government entity, and provide evidence of their auditing inspections, the Securities and Exchange Commission (SEC) said on Thursday. The rule advances a process that could lead to more than 200 companies being …
U.S. SEC mandates Chinese companies detail ownership structure, audits Read More »
By Ross Kerber (Reuters) – Goldman Sachs Group Inc on Thursday raised the number of diverse directors it wants on portfolio company boards, citing rising shareholder expectations and more demographic data showing who is who. Starting in March, Goldman Sachs Asset Management will expect companies whose shares it owns to have at least 10% of …
Goldman Sachs ups diversity targets as demographic data improves Read More »
(Reuters) – Apollo Global Management Inc said it would buy the U.S. wealth-distribution and asset-management businesses of Griffin Capital for an undisclosed sum, as it looks to boost its offerings for rich clients. The deal will combine Griffin’s alternative investment solutions in the wealth management space with Apollo’s focus on private banks, broker-dealer and family …
Apollo to buy Griffin Capital’s wealth-distribution, asset-management units Read More »
