(Reuters) -Macro funds this year posted their highest first-quarter performance since 1993, as fund managers navigated well amid high volatile markets, a report by hedge fund data provider HFR showed on Thursday. Macro hedge funds, which bet on macroeconomics trends, rose 7.7% in the quarter, according to a macro fund index, helped by skyrocketing commodities …
Macro hedge funds post gains amid high volatility in Q1 Read More »
By Chris Taylor NEW YORK (Reuters) -When Nicole Flecchia contracted COVID-19 in January of 2021, the University of Rhode Island grad student figured she might be looking at a few days or weeks of symptoms. It is now April of 2022, and the symptoms have never really gone away. The 26-year-old is among the millions …
How to prepare for the financial hit of long COVID Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund Cinctive Capital Management is expanding beyond its bread-and-butter stock trading and has hired former Brevan Howard trader Giles Coppel to lead a team that will bet on interest rates and currencies as global macro investments find new favor. “We are moving to a different paradigm and this …
Hedge fund Cinctive adds macro strategy, hires industry veteran Coppel Read More »
NEW YORK (Reuters) -New York Attorney General Letitia James on Wednesday asked JPMorgan Chase & Co, Bank of America, US Bancorp and Wells Fargo & Co to end all consumer overdraft fees by the summer. In letters sent to the chief executives of four of the biggest U.S. consumer banks, James said the majority of …
NY Attorney General asks banks to end overdraft fees Read More »
By Krystal Hu NEW YORK (Reuters) – Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company’s largest shareholder. The 25-year-old retail worker from Reading, Britain bought into Twitter on Monday after shares surged 27% on news of Musk’s …
Analysis-Musk’s Twitter bet gins up meme stock hype Read More »
(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had reviewed. The investment bank is at the center of an investigation into whether Wall Street …
Investment firm files demand for arbitration against Morgan Stanley – WSJ Read More »
By Krystal Hu, Chibuike Oguh and Anirban Sen (Reuters) -When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc last month, it skipped banks and went directly to private equity lenders including Blackstone Inc and Apollo Global Management Inc. Within eight days, Thoma Bravo secured a …
With capital markets jittery, private equity pounces to finance tech buyouts Read More »
(Reuters) – Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost …
Global insurers plan to ramp up private equity investments Read More »
(Reuters) – Citigroup Inc on Monday named Tony Osmond as chair of its Banking, Capital Markets and Advisory (BCMA) unit in Australia and New Zealand, and Alex Cartel to be the unit’s head, as the U.S. bank focuses on strengthening its institutional business. The appointments also come as Citi looks to execute a global overhaul …
Citi names M&A specialists to lead Australia, New Zealand advisory unit Read More »
By Katanga Johnson WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday issued new guidance to broker dealers and investment advisors on how to satisfy their obligations to retail investors and comply with agency rules when recommending investment products. The guidance clarifies brokers’ and advisors’ obligations under the SEC’s long-standing Investment Advisor …
U.S. SEC issues new guidance for brokers, advisors on investment recommendations Read More »
