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→  July 28, 2016

Jason Reed – Pool/Getty Images It was another remarkably quiet night for US stocks which are trapped in a very tight range. But the oil price slide continues. But the reality is that all eyes are on the Bank of Japan’s decision on monetary policy which will be released today. Closer to home, the SPI […]

→  July 28, 2016

NEW YORK Fortress Investment Group said on Thursday it plans to shut its Fortress Centaurus Global hedge funds, continuing the firm’s move away from hedge funds that invest in liquid, or easy to trade, assets such as stocks. The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global […]

→  July 28, 2016

Across the Charles River from Harvard Yard, the stewards of the university’s vast fortune were about to embark on an ambitious plan: they wanted to recreate a Wall Street-style hedge fund to trade stocks. After years of missteps, controversy and even crisis, Harvard Management Corp., which oversees the university’s $37.6 billion endowment, began assembling a […]

→  July 28, 2016

Could QCOM Stock Keep Growing? QUALCOMM, Inc. (NASDAQ:QCOM) has a major tailwind and its name is China—or Chyn-ah! as Donald Trump would say. Increased sales to Xiaomi drove QCOM stock up 17.93% in the last 30 days, which is exactly what I predicted would happen. It’s not that I have some Magic 8 ball—I was […]

→  July 28, 2016

Nine-to-five office lifestyles are fuelling a ‘pandemic’ of inactivity and leading to 90,000 unnecessary deaths a year, experts have warned. They say adults who sit down for at least eight hours every day must do at least an hour’s daily exercise to undo all the harm. This could be a brisk walk or steady bike […]

→  July 28, 2016

TOKYO Asian stocks were mostly lower on Thursday as Chinese equities deepened their losses, souring risk sentiment that had improved earlier after the Federal Reserve provided a positive assessment of the U.S. economy. Spreadbetters forecast a slightly lower open for Britain’s FTSE .FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI. The dollar fell as some […]

→  July 27, 2016

An activist hedge fund has nominated a slate of four directors at Uniondale-based Frequency Electronics Inc., a move that the company characterized as a hostile takeover attempt. In a news release Monday, the maker of timing devices used for satellites, missiles and wireless communication networks said that the four-person slate advanced by Atlanta-based Privet Fund […]

→  July 27, 2016

Bridgewater Associates, one of the world’s largest and most successful hedge funds, is well-known for the cultural quirks instilled by founder Ray Dalio, who insists on “extreme openness” and “radical transparency” in a 100-page manifesto titled Principles, distributed to all employees. An employee who accused the firm of mishandling his harassment complaint, however, describes the atmosphere very differently. “The […]

→  July 27, 2016

The phrase “hedge fund” usually conjures up images of the elite Manhattan firms governed by stock pickers such as John Paulson or Paul Singer who can boast of a lengthy career in finance, But one well known investor, Point72 Asset Management’s Steven Cohen, is placing his bet a “crowd-sourced” hedge fund, Quantopian, the latter announced […]

→  July 27, 2016

AllianceBernstein LP said it won’t pursue a deal to buy a fund from hedge fund firm Visium Asset Management LP. The New York-based money manager decided the transaction is “not feasible” and that it “will not proceed with the transaction,” according to a statement released Wednesday evening. Kenneth Griffin’s Citadel LLC hedge-fund firm… Article source: http://www.wsj.com/articles/alliancebernstein-lp-wont-pursue-deal-to-buy-visium-global-fund-1469661454