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(Reuters) – BlackRock Investment Institute on Monday cut its rating on developed market equities to “neutral”, after being “overweight” since the end of pandemic lockdowns in Western nations, due to attractive valuations. The institute, an arm of the world’s largest asset manager, said it had also turned more positive on the prospects of developed market …

BlackRock Investment Institute cuts developed market stocks to ‘neutral’ Read More »

By Nell Mackenzie LONDON (Reuters) – Hedge funds sold the largest volume of U.S. tech and media stocks seen since July in the week to Nov. 24, Goldman Sachs said in a prime brokerage note to clients on Friday, a signal that the popularity of these stocks may be fading. Crowding into tech stocks, particularly …

Hedge fund party in tech stocks begins to wane, Goldman Sachs says Read More »

MEXICO CITY/COPENHAGEN (Reuters) – A Danish fund will invest $10 billion in a development hub in southern Mexico to produce green hydrogen for ships and to replace fossil fuel use, Mexican President Andres Manuel Lopez Obrador said on Friday. One of Lopez Obrador’s key infrastructure projects is the development of an industrial corridor connecting the …

Mexico president says Danish fund to invest $10 billion in Mexico to produce green hydrogen Read More »

(Reuters) – Bitcoin rose 5.7 % to $37,802 at 2129 GMT on Wednesday, adding $2,044 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 42.5% from the year’s low of $26,533 on Oct. 11. Ether, the coin linked to the ethereum blockchain network, rose 7.94 % to $2,087.9 on Wednesday, adding …

Bitcoin rises 5.7% to $37,802 Read More »

By Carolina Mandl NEW YORK (Reuters) – New York-based Avenue Capital Group plans early next year to launch a new fund to invest in so-called environmental impact private credit investments, according to a person familiar with the matter. Avenue – with $12.5 billion under management and best known for its bets in distressed assets – …

Avenue Capital raising new ‘impact’ private credit fund – source Read More »

By Lananh Nguyen and Davide Barbuscia NEW YORK (Reuters) – Goldman Sachs expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said. “Fiscal spending has not abated. It’s strange for us to be spending this much” when employment is high, Ashok Varadhan, Goldman’s co-head of global …

Goldman Sachs execs see steeper Treasuries curve, softer demand Read More »

By Matt Tracy (Reuters) – Spreads on U.S. corporate high-grade bonds are likely to tighten in 2024, according to JPMorgan. In a report published on Monday, JPMorgan forecast that returns on high-grade bonds will reach new highs in 2024 that will continue through the end of the year. The bank anticipates total returns on high-grade …

US high-grade corporate bond spreads to tighten in 2024 :JPM Read More »

By Bansari Mayur Kamdar and Nell Mackenzie LONDON (Reuters) – Hedge fund crowding has hit its highest on record, as asset managers have upped their bets on the “Magnificent 7” tech stocks that have juiced up portfolio returns this year, Goldman Sachs said in a report on Tuesday. Megacap growth and technology stocks accounted for …

‘Magnificent 7’ bets drive hedge fund crowding to record high -Goldman Sachs Read More »