By Chris Taylor NEW YORK (Reuters) – Joy Benson may have a career as an executive personal assistant in Dallas, but her real boss is short of stature, very hairy and enjoys chewing on tennis balls. His name is Jasper, and he is a Shih Tzu. While 11-year-old Jasper is certainly the apple of Benson’s …
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S. economic uncertainty, shifting Federal Reserve policy and a looming presidential election. As the spotlight turns toward Tuesday’s high-stakes televised debate between Democrat Kamala Harris …
US election is just one risk among many for nervous stock market Read More »
By Tommy Reggiori Wilkes and Dhara Ranasinghe LONDON (Reuters) – Nomura Holdings is eyeing stronger revenue growth in trading, which could increase by as much as 30% over the next three years, as it makes a renewed push to grow its business serving hedge funds, its head of global markets told Reuters. A jump in …
Nomura sees markets revenue beating goal as brokerage courts hedge funds Read More »
By Carolina Mandl NEW YORK (Reuters) – Pension funds, endowments and family offices are planning to make new equity hedge funds allocations through the end of the year, a survey by BNP Paribas showed, as the strategy has led the industry performance in 2024. The bank interviewed 197 investors to gauge their appetite for hedge …
Hedge fund investors seek new allocation to equity strategies, says BNP Paribas Read More »
By Mark Miller (Reuters) – It is one of those unwelcome surprises that is almost guaranteed to anger people when they retire: income from Social Security benefits is subject to federal taxes – and in some cases, to state taxes as well. So it is not a shock to see Republican presidential candidate Donald Trump …
Column-Ending the tax on US Social Security income should be part of a broader reform Read More »
By Carolina Mandl NEW YORK (Reuters) -Citadel’s flagship hedge fund Wellington was up roughly 1% in August, a source familiar with the matter said, in a month which started with a brutal sell-off in equities. Year-to-date through August, the fund posted gains of 9.9%, the source added, speaking on condition of anonymity. All of its …
Citadel’s flagship fund up roughly 1% in August, says source Read More »
By Summer Zhen HONG KONG (Reuters) – Concentrated bets on popular Chinese e-commerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares following downbeat comments from its executives. U.S.-listed shares in PDD, the owner of low-priced retailer Temu, plummeted 33% this week, and …
Hedge funds may lose billions from Temu owner PDD’s stock crash Read More »
(Reuters) – U.S. equity funds attracted significant inflows in the seven days to Aug. 21, bolstered by bets of a Federal Reserve rate cut in September and easing worries about a potential downturn in economic growth. According to LSEG data, investors racked up a net $5.97 billion worth of U.S. equity funds during the week, …
US equity funds draw large inflows on rate cut bets, easing growth concerns Read More »
(Reuters) – Global investors ploughed money into equity funds in the week to Aug. 21, encouraged by expectations of a Federal Reserve rate cut in September and easing concerns about the U.S. economy. According to LSEG data, investors snapped up $15.73 billion worth of global equity funds during the week, marking their largest weekly net …
Global equity funds see sharp inflows on Fed rate cut hopes Read More »
By Ann Saphir (Reuters) – Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe’s premier economic gathering, the Kansas City Federal Reserve’s annual symposium in Grand Teton National Park. The event draws keen investor attention, and – depending on what the world’s most influential …
What to look for at Fed’s Jackson Hole symposium Read More »
