By Nell Mackenzie LONDON (Reuters) – Global hedge funds kicked off the largest net selling of U.S. financial stocks in 16 weeks just as earning season started in the week ending Jan. 11, a Goldman Sachs note to clients said. Hedge funds exited long positions and added short bets that stock prices would fall in …
Hedge fund shorts on banks and financials reach 4-month peak- Goldman Read More »
By Akash Sriram and Jaspreet Singh (Reuters) -Intuit said on Monday it has made its tax preparation tool, TurboTax, available within its personal finance portal and accounting software to tap a wider pool of users this tax season. The integration into Credit Karma and QuickBooks Online is part of the company’s plan to help expand …
Intuit adds TurboTax to accounting, personal financial tools to tap more users Read More »
By Nell Mackenzie LONDON (Reuters) -Billionaire investor Cliff Asness’s AQR Capital Management finished 2023 with double digit returns in several of its funds, buoyed by stock selection, bonds, European natural gas and iron ore, a source familiar with the matter said on Thursday. The $99 billion investment manager, known for its quantitative strategies, returned a …
AQR ends 2023 with double digit returns thanks to stocks, gas and iron ore – source Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge fund withdrawals slowed in November as customer interest rose to the highest in 2023, data firm Nasdaq eVestment said on Wednesday. Investors removed an estimated net $4 billion from hedge funds globally in November, compared to the $7.6 billion the industry lost in October, it said in a …
Investors withdraw $4 billion from hedge funds in November – Nasdaq eVestment Read More »
By Davide Barbuscia NEW YORK (Reuters) – A year-end rally in U.S. government bonds has potentially limited further gains in some Treasury maturities, said Rick Rieder, chief investment officer of global fixed income at BlackRock, the world’s largest asset manager. U.S. Treasuries have bounced back from a severe sell-off over the past two months on …
Bond investors may be betting too aggressively on 2024 rate cuts, says BlackRock Read More »
By Nell Mackenzie LONDON (Reuters) – Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first three quarters of 2023, according to a global report by research firm Preqin on Wednesday. Hedge funds making use of algorithms to catch market trends, or commodity trading advisors …
Crypto, insurance-linked and trend hedge funds most popular – Preqin Read More »
By Bansari Mayur Kamdar (Reuters) – Institutional investors lag their retail peers in adoption and use of exchange-traded funds (ETFs), according to a report by research firm Cerulli Associates. These institutional investors, like endowments or state and local defined benefit plans, own nearly $1.3 trillion in ETF assets – making up just 4.2% of the …
Institutional investors lag retail peers in ETF adoption: Cerulli Read More »
(Reuters) – Activist investor Elliott Investment Management said on Friday that the exit of Crown Castle CEO Jay Brown, who will be leaving in January, was a step in the “right direction” but more changes were needed at the wireless tower owner. Brown led the company for more than two decades, and his departure is …
Activist investor Elliott says Crown Castle CEO exit step in ‘right direction’ Read More »
By Carolina Mandl NEW YORK (Reuters) -A U.S. market rally in equities and bonds in November led global hedge funds to post their best monthly performance since January, although it caused losses to bearish macro strategies, data provider Hedge Fund Research (HFR) said on Thursday. Overall, the hedge fund industry posted gains of 2.2% in …
US market rally boosts hedge fund performance, hits macro strategies in November Read More »
By Mark Miller (Reuters) – IBM may have just kicked off the next big trend in the world of employee retirement benefits. Big Blue made headlines recently when it announced plans to end its 401(k) matching contribution in favor of a new benefit that walks, talks and sounds like a good old-fashioned pension. You might …
