LONDON (Reuters) – Investors are becoming increasingly concerned about global growth with optimism at an all-time low, as they increase their cash holdings to the highest level in two decades, according to BoFA Securities’ monthly fund manager survey. The investors, who manage just under $1 trillion in assets, are now the most underweight equities since …
Investors rush to cash as growth optimism hits record low – BofA Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Third Point liquidated its position in Walt Disney Co during the first quarter, two years after the hedge fund first invested and began urging the media company to spend more aggressively on its streaming platform, and slashed its stake in Amazon.com Inc. The New York-based investment firm sold 2 …
Third Point’s Loeb turns back on Disney, cools on Amazon in first quarter Read More »
By John McCrank (Reuters) – Cryptocurrency assets are highly speculative and investors in them need more protections or they could lose trust in the markets, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said on Monday. Generally, people who buy cryptocurrencies do not get the disclosures they get when they make other asset …
U.S. SEC chair says much to be done to protect crypto investors Read More »
By David Randall and Carolina Mandl NEW YORK (Reuters) – Jupiter Asset Management, Azora Capital LP and billionaire Jon Yarbrough’s family office were among funds that sold all of their stakes in cryptocurrency company Coinbase Global Inc before the company fell nearly 30% to record lows in early May, according to filings released on Monday. …
Jupiter, Yarbrough among investors who sold Coinbase before big fall Read More »
By Davide Barbuscia NEW YORK (Reuters) – A sell-off in U.S. stocks and bonds will likely dry up during the summer months as the Federal Reserve whittles down its nearly $9 trillion balance sheet, said Rick Rieder, chief investment officer of global fixed income at Blackrock, the world’s largest asset manager. Rieder believes the Fed’s …
BlackRock’s Rieder: summer rally coming in U.S. bonds but bull market likely over Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Investment firms Sachem Head Capital Management and Soros Fund Management exited their positions in Peloton during the first quarter as the stock tumbled and the fitness company replaced its CEO, under pressure from an activist investment firm, regulatory filings made on Friday showed. Peloton, which makes exercise bikes and …
Sachem Head, Soros liquidated positions in Peloton in first quarter-filings Read More »
By Allison Lampert and Simon Jessop MONTREAL/LONDON (Reuters) -Canada’s second-largest pension fund is considering withholding support from certain Canadian National Railway Co directors at an upcoming annual meeting over French-speaking representation on the company’s board, a source familiar with the matter said. Caisse de depot et placement du Quebec is weighing the protest vote, after …
LONDON (Reuters) -Elliott has pushed its stake above 5% in Brewin Dolphin, a British wealth manager which is under offer from Royal Bank of Canada, the activist investor said on Friday. Elliott’s stake reached 5.2% as of May 12, it said in a regulatory filing. Elliott declared a 2.42% stake earlier this week. Brewin Dolphin’s …
Activist Elliott increases stake in UK wealth manager Brewin Dolphin Read More »
By David Randall NEW YORK (Reuters) – A collapse in cryptocurrency company Coinbase Global Inc pushed star stock picker Cathie Wood’s ARK Innovation ETF down nearly 8% on Wednesday, putting it within 10% of its low touched in March 2020 at the start of the coronavirus pandemic. Coinbase, the fund’s second-largest holding at nearly 7% …
Tumble in Coinbase pushes Wood’s ARK fund closer to pandemic low Read More »
By David Randall NEW YORK (Reuters) – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve’s plan to continue hiking interest rates is too aggressive, star stock picker Cathie Wood said in a webinar on Tuesday. Wood, whose ARK Innovation ETF outperformed all other …
ARK’s Wood sees global recession, blames market selloff on Fed hike plan Read More »
