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→  July 30, 2016

The new Sandy Hook Elementary School, built to replace the one demolished after a massacre that took the lives of 20 children and six educators, is set to welcome students for the first time next month. Members of the public were given a tour of the campus on Friday ahead of the scheduled reopening, after […]

→  July 30, 2016

NEW YORK Wall Street, seeking direction as the SP 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. Investors will be looking for signs of economic strength to reinforce the positive direction hit Friday, when the SP 500 […]

→  July 29, 2016

BOSTON/NEW YORK, July 29 It only took six months for some of the world’s most prominent team-based hedge funds to go from winners to losers. Blackstone Group’s Senfina Advisors, Citadel’s Global Equities Fund and the Visium Global Fund were among the so-called multi-manager funds that cut into last year’s sizable gains with deep losses over […]

→  July 29, 2016

BOSTON/NEW YORK (Reuters) – It only took six months for some of the world’s most prominent team-based hedge funds to go from winners to losers. Blackstone Group’s Senfina Advisors, Citadel’s Global Equities Fund and the Visium Global Fund were among the so-called multi-manager funds that cut into last year’s sizable gains with deep losses over the […]

→  July 29, 2016

July 29, 2016 By Steve Blumenthal “Last week, market conditions joined the same tiny handful of extremes that defined the 1929, 1972, 1987, 2000 and 2007 market peaks.” – John P. Hussman, Ph.D. (Source) At a recent investment conference, one of the panelists was an investment officer for the China Investment Corporation (CIC) – the […]

→  July 29, 2016

The main fund at David Einhorn’s Greenlight Capital rose 4.8 percent in July as U.S. stock markets saw their strongest month since March. The gains boosted the hedge fund’s 2016 return to 5.7 percent, according to an e-mail sent to investors that was obtained by Bloomberg. The performance accelerates Einhorn’s attempt to recover from a […]

→  July 29, 2016

In June when Microsoft Corporation (NASDAQ:MSFT) decided to pay a 50% premium to acquire LinkedIn Corp (NYSE:LNKD) in a $26.2-billion deal, the market decided that MSFT overpaid. I was on the opposite side of the fence, believing it was a good and necessary move for Microsoft to expand into more lucrative growth areas. Since then, […]

→  July 29, 2016

BBC2 presenter Chris Evans, 50, had been facing sexual assault claims Female former colleague said he ‘bullied her after she rejected advances’ Evans said he was the victim of a ‘witch hunt’ and denied all allegations Metropolitan Police has dropped investigation due to a lack of evidence   By Amie Gordon For Mailonline Published: 17:20, […]

→  July 29, 2016

SINGAPORE/TOKYO Asian shares slipped after touching a near one-year peak on Friday, while Japanese stocks tumbled and the yen strengthened as the Bank of Japan’s fresh stimulus measures disappointed markets. The BOJ modestly increased purchases of exchange-traded funds, but maintained its base money target at 80 trillion yen ($775 billion) and the pace of purchases […]

→  July 28, 2016

Federal prosecutors in Brooklyn are investigating whether the hedge fund at the center of a New York City public-union kickback scandal was a Ponzi scheme, The Post has learned. Part of the probe is focused on whether the value of some of the hedge fund’s hard-to-assets investments were inflated, sources familiar with the probe said. […]