Hedge funds private equity

- A + A (Aug 18): If Wall Street is right, the big revival in value investing in the post-lockdown era is in danger of falling apart all thanks to the resurgent bond market. Strategists from JPMorgan Chase & Co to Wells Fargo & Co warn that the best days may now be over for cheap-looking stocks as investors dump the likes of oil producers and banks on the conviction that inflation has peaked. With traders wagering that an economic slowdown will cool historic price pressures, a long-short value trade has dropped 13% since the mid-June high point in bond yields. At the same time, companies touted for their above-average potential to expand profits, known as growth stocks, outperformed their value counterparts by the most in 22 years in July, MSCI indexes show, after Big Tech names from Apple Inc to Amazon.com Inc rebounded. And for the first time in two years, a majority of investors polled by Bank of America Corp in early August said value will trail … [Read more...] about Value trade crumbles on Wall Street, putting quant funds at risk

Share to Twitter Share to Linkedin L ess than a year after launching, Richard Branson's Miami-based premium cruise line Virgin Voyages announced on Wednesday that it has closed on $550 million in new funding from the investment management firm BlackRock, with additional support from its existing joint-venture partners Virgin Group and Bain Capital Private Equity as well as other backers. The new funding will enable the fledgling cruise line to execute on its growth strategy as demand for cruising gains momentum and the industry loosens Covid-19 pandemic restrictions, the company said in a statement. “We have created an incredible product that both our investors and consumers truly believe in, and this additional capital comes at a time when we’re looking forward to exponential growth that will, in turn, help us achieve what we set out to accomplish,” said Virgin Voyages CEO Tom McAlpin, a seasoned cruise executive whose long career includes stints as … [Read more...] about Virgin Voyages Secures $550 Million In Funding From New Backer BlackRock

Representative image. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Domestic Institutional Investors (DIIs) have been net sellers so far in August after being net buyers of the asset class for the previous 17 months. Since the start of August, DIIs have sold around Rs4,283 crore in Indian shares, after buying a net of more than Rs3.67 trillion between March 2021 and July 2022, National Stock Exchange (NSE) shows. So far this year, they have bought shares worth nearly Rs 2.37 trillion, helping partly offset the pain from an exodus by Foreign Institutional Investors (FIIs) as the US Federal Reserve started raising interest rates to cool inflation. Catch live market action here This is despite India's benchmark BSE Sensex and NSE Nifty indices rebounding from their mid-June lows and gaining around 17% each. Both … [Read more...] about DIIs have sold equities worth more than Rs 4200 crore in August so far

Share to Twitter Share to Linkedin James Lathrop is a Republican candidate for State Treasurer in the state of Rhode Island—a state which has long been dominated by Democrats. Most notably, Gina Raimondo, currently serving as U.S. Commerce Secretary began her career in politics as Rhode Island State Treasurer before becoming Governor—supported by unprecedented out-of-state campaign contributions from Wall Street money managers. Aside from abandoning Raimondo’s disastrous hedge fund gamble which cost the $8 billion state pension over $500 million in the first few years, her Democrat successor, Seth Magaziner, has largely followed Raimondo’s practice of opposing public access to records regarding the state’s riskiest private investments. Lathrop drafted and signed the following Pledge of Transparency dated July 15, 2022 that he is challenging other candidates for the Treasurer’s position to sign: Rhode Island General Treasurer's Pledge of Transparency … [Read more...] about Restoring State Pension Transparency In Rhode Island

A 3D-printed Disney logo is seen in front of the ESPN+ logo in this illustration. REUTERS/Dado Ruvic/Illustration/File Photo The first time billionaire investor Daniel Loeb began pushing for change at the Walt Disney Co, he got his wish. His hedge fund Third Point LLC in 2020 call ed on the company to suspend its dividend and go all-in on streaming. Days later, the company announced it was betting big on growing its trio of streaming services, Disney +, the sports-focused ESPN + and adult-focused Hulu. Just two years later, Disney surpassed streaming pioneer Netflix Inc in total subscriptions. Now, after a brief hiatus, Loeb is back and investing $1 billion in Disney , emboldened by making the right call on streaming. He wants Disney to spin off ESPN , a move that Loeb argued would give the sports brand greater flexibility in pursuing opportunities like sports betting — a step that Disney already is exploring. In addition to ESPN , Loeb told Disney … [Read more...] about Activist’s call for ESPN spin-off may be a tough sell at Disney

- A + A (Aug 18): The UK government is holding talks with senior finance executives to find ways to stimulate demand for listings, the latest initiative that aims to boost the City of London after Brexit. Nadhim Zahawi, the Chancellor of the Exchequer, and Treasury officials are holding a series of informal discussions with senior bankers and other executives in the City to find new ways to stimulate investor demand in a bid to help attract more listings to London, boosting its competitiveness with New York, people familiar with the discussions said. Ideas that are under consideration include setting up a dedicated fund that would invest in equity offerings and incentivising institutional as well as retail investors to participate in share sales, people familiar with the matter said, asking not to be identified discussing private matters. Risk-averse fund managers are seen as a particular hurdle to a thriving equity capital market in London, one of the people said. … [Read more...] about Treasury taps City of London again in latest push to buoy IPOs

Share to Twitter Share to Linkedin Retirees are getting doubly squeezed by inflation and declines in their retirement savings; many pre-retirees are understandably worried as well. For many seniors, it’s a déjà vu from the 1960s and 1970s, when the United States experienced high inflation and stock market volatility. To address this issues and shore up your retirement finances, you’ll want to manage both sides of the “magic formula for retirement security”: I > E , or retirement income greater than your living expenses This means seeking ways to boost your retirement income, while also reducing or containing your living expenses. Let’s look at some strategies for each side of this formula. MORE FROM FORBES Retirees: Assess How Inflation And Stock Market Volatility Has Impacted Your Finances By Steve Vernon Boost your retirement income Stay the course with retirement investing. Throughout the past century, over long … [Read more...] about 9 Retirement Strategies To Protect Against Inflation And Stock Market Declines

In Dobbs v. Jackson, the U.S. Supreme Court overturned Roe v. Wade, the half-century-old precedent that guaranteed federal abortion protections. After the controversial June decision, the matter was kicked back to the states, leading to a tangle of laws. It’s an ever-evolving landscape. Cost varies. Abortions are less expensive in the first trimester than later in the pregnancy. According to Planned Parenthood, the procedure can cost up to $750 in the first trimester, though it’s often less, and that amount climbs up to $1,500 later in the pregnancy. According to the latest available data from the Centers for Disease Control and Prevention’s Abortion Surveillance System, the vast majority of abortions happen in the first trimester, with 92.7% occurring at or before 13 weeks of gestation, which is the beginning of the second trimester. However, as discussed below, advocates say that sending the matter to the states has increased costs in some circumstances, potentially putting … [Read more...] about How To Pay for and Access a Legal Abortion

You can have a pension and still contribute to a 401(k)—and an IRA—to take charge of your retirement. If you have a defined benefit pension plan at work, you have nothing to worry about, right? Maybe not. While pensions used to be a staple ingredient in the recipe of retirement planning, fewer companies today offer them. What's more, the benefits aren't as reliable as they used to be . Now is a good time to start thinking about where your pension fits into your overall plan for retirement. It’s dangerous to rely on any pension—even a generous one—to cover all your retirement needs. Key Takeaways A pension provides a fixed monthly benefit upon retirement for the rest of your life. 401(k)s and IRAs provide income in retirement, too. But the amount depends on how much you contribute and how well your investments perform. A good retirement strategy is to contribute to a variety of retirement investments, including 401(k)s and IRAs—even if you already have a pension. … [Read more...] about Can You Have a Pension and a 401(k)?

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals