Monthly Archives: September 2021
Hedge fund assets soar to record volumes as yield-hungry investors swell industry coffers
(Hedgeweek) New data published by Barclay Hedge shows total industry assets have now mushroomed to $4.4 trillion, with hedge funds raking in $18.3 billion of new inflows from allocators during July, as managers scored a $7.3 billion trading profit for […]
Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
(CNBC) The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner than expected, and it significantly cut its economic outlook for this year. Along with those largely expected moves, officials […]
Fed’s Powell says Wells Fargo asset cap to stay in place until problems fixed
(Reuters) Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo & Co to fix its problems, and that it would take appropriate actions if the bank failed to do so. In […]
Veritas, Elliott consider Athenahealth sale at $20 billion valuation
(Reuters) Private equity firm Veritas Capital and hedge fund Elliott Investment Management are exploring options for Athenahealth Inc, including a sale or initial public offering. Veritas and Elliott are aiming for the health information technology company to be valued at […]
SS&C GlobeOp Forward Redemption Indicator measured 2.45% September 2021
(Opalesque) SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for September 2021 measured 2.45%, up from 2.24% in August. “SS&C GlobeOp’s Forward Redemption Indicator for September 2021 was a very favorable 2.45%, reflecting lower redemption notices compared […]
SEC Obtains Judgment Against Fund Manager and Bars Him from Appearing or Practicing Before the SEC
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final judgment against defendant Daniel B. Kamensky, whom the SEC previously charged with abusing his position as co-chair of the unsecured creditors committee in […]
BlackRock, HSBC among largest buyers of Evergrande debt:
(Reuters) Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows. BlackRock added 31.3 million notes of Evergrande’s debt between January and […]
Bank of America cuts China growth forecast under Evergrande shadow
(Reuters) -Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID outbreak and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. To read this […]
Second woman accuses Former Apollo Chief Executive Leon Black of rape; Black’s rep calls claim ‘complete fiction’
(Reuters) The claim, by a woman identified as “Jane Doe,” was included in a proposed amended civil lawsuit filed on Monday night by Guzel Ganieva, who has accused the 70-year-old Black of rape saying he attacked her in the late […]
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
(CNBC) After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will […]
House passes bill to avoid government shutdown, suspend debt limit — but it faces Senate roadblocks with deadlines near
(CNBC) The House passed a bill Tuesday that would both prevent a government shutdown and suspend the debt limit in a step toward preventing possible economic calamity. The chamber approved the plan in a 220-211 vote. All Democrats voted for […]
DraftKings makes $20 billion offer for UK sports betting company Entain
(CNBC) DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the […]