(Our weekly analysis of the wild world of cryptocurrencies) By Lisa Pauline Mattackal and Medha Singh (Reuters) – Move over dogecoin? “Memecoins” – a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto – are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, a coin inspired by an …
Cryptoverse: Every frog has its day as pepe pops 7,000% Read More »
By Chris Taylor NEW YORK (Reuters) – Whether they actively teach us about finances, or we just observe how they handle the business of life, mothers can have a massive influence on our financial lives. For Mother’s Day, we asked a few business leaders about the best money advice they ever got from their moms. …
By Chris Taylor NEW YORK (Reuters) – For most Americans, this past April 18 was a day to get those tax forms in and perhaps reluctantly write some checks. For others, that day came and went like any other – and now they are in a bit of a pickle. Being late on your taxes …
By Sergio Goncalves LISBON (Reuters) – Fortitude Capital, founded by former Goldman Sachs partner Antonio Esteves, Brazilian bank BTG Pactual and Portuguese asset manager Atrium, has launched its first fund with a target size of up to 500 million euros ($550 million). Esteves said on Tuesday that, though focused on investing in Portugal, the fund …
Former Goldman Sachs partner launches fund of up to $550 million in Portugal Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Pierre Andurand’s Commodities Discretionary Enhanced Fund ended March down 15% and 34% lower for the year so far, eliminating over half of the fund’s 2022 gains, said a client note from Societe Generale seen by Reuters. March saw a wild ride in commodities prices with crude …
Andurand oil fund slips 15% in March, down 34% year to date – Societe Generale Read More »
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away from stocks and real estate amid uncertainty over interest rates, fears of a recession and threat of a U.S. debt default. Instead, fixed income, which was …
Fund managers at Milken eye fixed income as stocks, real estate lose luster Read More »
By Mark Miller (Reuters) – The U.S. economy is in much better shape today than it was during the Great Recession. But persistent inflation and last year’s sharp stock market decline have shaken the confidence of American workers and retirees about their retirement prospects in a way not seen since 2008. That is the key …
Column-Inflation and the markets take a bite out of retirement confidence Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Some market participants are warning that the U.S. market’s biggest tech and growth stocks may be getting too expensive, even as better-than-expected earnings reports stand to further boost their appeal. The Nasdaq 100 has rallied 19% this year, while four stocks that alone have a 40% weight in …
As U.S. megacaps soar, some investors are wary of rising valuations Read More »
(This April 26 story has been corrected to fix revenue description in paragraph 3) By David French and Anirban Sen NEW YORK (Reuters) – The private equity owners of Millennium Trust Company are exploring options for the U.S. retirement account custodian, including a sale that could value it at as much as $8 billion, including …
Millennium Trust’s owners explore $8 billion sale -sources Read More »
(Reuters) -Venture capital firm Greycroft has raised over $980 million across two funds to invest in early- and growth-stage companies, the venture capital firm said on Wednesday. The latest fundraise marks the largest funds Greycroft has raised since its inception in 2006. Based in New York and Los Angeles, Greycroft invests in consumer and enterprise …
Venture capital firm Greycroft raises nearly $1 billion across two funds Read More »
