News > All

The dissolution of Pyramis
The birth of Fidelity Institutional Asset Management brings the death of the Pyramis Global Advisors brand. For the 10 years of its existence, Pyramis has struggled to bring its parent's Fidelity name and brand to the institutional world, reports Pensions & Investments. Last month Fidelity announced it would be creating FIAM, combining Pyramis and Fidelity Financial Advisor Solutions into a…
Race to the bottom for European currency ETFs
With more and more signs pointing to a December rate hike by the Federal Reserve and more traders willing to bet such an event is going to happen, the divergence in developed markets central bank policies becomes more apparent by the day. Currency-based exchange traded funds prove as much. As has been noted in this spaceseveral times in recent days,…
Daily Scan: Asian shares skyrocket; PBOC slashes SLF rate
Updated throughout the day November 19 With rate hike uncertainty firmly in the rear view mirror – allegedly – the Asian markets shot for the moon Thursday with the Hang Seng Index rocketing 1.41%, the Shanghai Composite soaring 1.36%, and the Nikkei Average rising 1.07%. H-Shares, Shenzhen, and Singapore didn’t do too bad either: Hang Seng China Enterprises Index: +1.37%…
VC-backed startup angers hackers for ‘helping’ IS
Startups are all about solving problems. But what if solving that “problem" also gets you accused of helping terrorists? This is  the dilemma facing security software startup CloudFlare, and the problem is DDoS (distributed denial of service) attacks. A DDoS attack is an attempt to shutdown a website by overwhelming it with traffic from an army of virtual computers. It's…
Pershing Square is down 24.5% YTD
Hedge Funds
On the bright side, Valeant’s now a smaller portion of its portfolio: “Bill Ackman’s annus horribilis continued this week, with his publicly traded Pershing Square Holdings hedge fund down 24.5 percent for the year through Tuesday. His $15 billion firm has been slammed by the troubles swirling around Valeant Pharmaceuticals, which once made up 30 percent of his funds’ portfolio. The…
Asian ashrams: a banker’s recommendations for worn out professionals
Lifestyle
One banker who wished to remain anonymous shares his tips for taking a truly restful break from the fast-paced and often stressful world of financial institutions. Do you check Facebook and your email as soon as you wake up? Do you take your gadgets everywhere with you? Is the first thing you do upon arriving at a restaurant to ask…
Chinese tech giants tiptoe into US fintech market
FinTech
While the likes of Square and ApplePay are yet to tackle China’s immense market for payments and remittances, China's tech majors are gradually making inroads stateside. E-commerce giant Alibaba’s Ant Financial has already spent the last year trying to woo US retailers with its  payments platform, AliPay. Now WeChat, the messaging app run by social media firm Tencent, is teaming up…
Daily Scan: Asian shares climb; Bank of Japan stands pat
Updated throughout the day November 19 Asian shares were mostly higher on Thursday as uncertainty over a rate hike in the U.S. finally dissipated. Wednesday afternoon, the Federal Reserve released notes from its October policy meeting -- and they strongly hinted that December could be rate-hike month. Hong Kong’s Hang Seng Index climbed 1.15%, while the Hang Seng China Enterprises Index…
Square IPO prices below its range at $9
FinTech
It's not looking good for Square. The San Francisco-based payments startup has priced its IPO at $9, below its initial range of $11 to $13, as it prepares to go public on Thursday. That's 40% below the level paid by Series E investors a year ago. The meager price will trigger a clause that means those late stage investors are entitled…
Fundamental items rarely affect valuation
Almost all fundamental investors based their research, analysis and investment decisions on the assumption that some positive relationships exist over time between equity valuation and key financial metrics. However, while a large amount of investment activity is based on the assumed relationships between the aforementioned factors, research conducted by S&P Capital IQ, shows that for the past decade it has been impossible to…