Monthly Archives: September 2020
Palantir says in updated filing it expects 42% revenue growth this year to $1.06 billion
(CNBC) Palantir said in a filing ahead of next week’s public market listing that it expects to record growth this year of 42%, to close 2020 with $1.06 billion in revenue. The company, which develops software for government agencies and […]
Apple, Amazon and Google will emerge as winners from a major market shift, tech analyst Gene Munster predicts
(CNBC) Long-time tech analyst Gene Munster believes big tech is on the cusp of a major shift: It’s becoming a stock pickers’ market. The Loup Ventures founder and managing partner expects FAANG stocks, otherwise known as Facebook, Apple, Amazon, Netflix […]
Stock futures rise slightly after S&P 500 breaks 4-day losing streak
(CNBC) U.S. stock futures rose slightly in overnight trading on Tuesday after the S&P 500 experienced its first positive day in five. Dow futures rose 115 points. S&P 500 futures rose 0.05% and Nasdaq 100 futures dipped 0.25%. Better-than-expected earnings […]
Ex-Citadel and Point72 executive Evan Feng joins the CoinFund investment team
(Opalesque) CoinFund, a private crypto asset investor and blockchain research, and advisory firm, announced that Evan Feng has joined its investment research team. “Evan brings to us his experiences as both a traditional fundamental long/short equities analyst at Citadel and […]
Why Warren Buffett’s way of beating the market will not be easily repeated
(CNBC) If you’re hoping that you’ll be the next Warren Buffett, I have some bad news for you. If you’re hoping to pay an investment professional to outperform the market to the same extent that Buffett did, I’ve got more […]
SS&C GlobeOp Forward Redemption Indicator at 3.43 per cent for September
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for September 2020 measured 3.43 per cent, up from 3.08 per cent in August. To read this article:
July sees second straight month of hedge fund inflows
(Opalesque) Hedge funds experienced a second straight month of inflows in July, bringing in $10.5 billion as the industry continued to shake off spring’s pandemic-driven redemption trend. July’s new assets built on June’s $15.1 billion in inflows. July’s inflows represented […]
The world’s biggest hedge fund is working from tents in the forest during the COVID pandemic
(Fortune) Ray Dalio founded his hedge fund Bridgewater Associates upon the principle he calls “radical transparency.” Yet the firm had perhaps never practiced the concept quite so literally until this spring, when they applied it to their very own walls […]
Hedge funds pile into Nikola short positions, as e-vehicle maker’s founder resigns amid fraud allegations
(Hedgeweek) Hedge fund short sellers are circling Nikola Corporation, the electric vehicle and component manufacturer at the centre of fraud allegations, with the Nasdaq-listed firm’s share price tipped to tumble this week following executive chairman Trevor Milton’s sudden resignation on […]
Nikola founder forfeits $166 million in stock he would have lost and gets to keep $3.1 billion in separation deal
(CNBC) Nikola founder Trevor Milton agreed to forfeit up to roughly $166 million of equity as well as a two-year, $20 million consulting contract as part of his abrupt departure from the company he started. However, the EV executive gets to walk away with more than […]
Activist investor Trian Fund Management takes stake in Comcast
(Reuters) Activist investor Trian Fund Management LP has taken a stake in Comcast Corp CMCSA.O in a bet that the media company’s stock is undervalued, a regulatory filing on Monday showed. The investor has taken a stake of 7.16 million […]
Monday’s stock-market selloff sets up worst September in 18 years
(Marketwatch) Stocks on Monday were seemingly unraveling a bullish trend that now risks thrusting U.S. equity benchmarks into a bearish tilt that could set the stage for the worst September selloff in years for the major equity gauges. The broad-market […]