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Just how bad was 2015 for VC-backed IPOs?
Venture Capital
  We all know 2015 was a dismal year for VC-backed IPOs, but how bad was it really? Well, looking at the data that’s out there, it was pretty bad. According to Fortune over half of the 79 VC-backed IPOs that took place in U.S. in 2015 were trading below their listing price as of last week. On the upside,
The UK wants hedge funds to be more activistey
Hedge Funds
Here’s something interesting. According to Reuters, the U.K.’s Financial Reporting Council (FRC) wants hedge funds to take a more hands-on, activist-like approach to the companies that they’re holding – and apparently, they’re quite serious about it: Britain's best corporate practice watchdog will name and shame fund managers from July that don't fully comply with its stewardship code aimed at increasing
Citi's fintech award winners
FinTech
Citi announced the "top innovations" from its Citi Mobile Challenge in Asia Pacific on Tuesday. The global initiative invited developers to build products or services based on the bank's digital platform and present concepts at events across the region, according to a media release. And the winners are: Most Intuitive Personal Financial Management Solution – CashTrack (Singapore) Most Transformative Use of Blockchain
Rising rates: a good thing for bond investors?
Asset Management
In two recent blogs by my colleague, Mike Peters, he first addresses the concerns investors have about rising interest rates causing a bear market in bonds and then lays out what to expect for bond market returns looking forward the next couple of years. In the second blog, he mentions that interest rates higher than the 1-3% range we’ve had
Almost 50% of hedge fund firms plan to launch a new hedge fund by the end of 2016
Hedge Funds
  Global Hedge Fund Distribution – Spotlight On Alternatives by PWC Executive Summary Regulation sparks distribution awareness. A rapidly evolving regulatory environment has focused minds in the hedge fund industry. Systematically identifying and targeting sales channels and targets used to be an opportunistic rather than strategic activity at many hedge funds. But in the wake of new regulation, many firms
UK dominates Fintech100 list, but China is rising fast
FinTech
With all the hype over London's status as a global fintech hub, it probably comes as no surprise that the U.K. dominates a list of top fintech firms released by KPMG this week, but China is fast catching up. The “Fintech 100” lists the top fintech firms of 2015 and comprises 50 established firms and 50 rising startups. Of the
Wall Street refugees turn to fintech
FinTech
It's still easy to think that fintech is a little geeky, a proselytizing faith for smart oddballs with a host of camp-followers attached. But, as the Financial Times (paywall) notes: Some of the world’s highest-profile bankers have poured millions of dollars into the booming fintech sector during the past year as they tap into new technology providing online financial services
Daily Scan: US stocks end on high note ahead of Fed meeting
Capital Markets
Updated throughout the day December 15, 2015 U.S. stocks ended Monday on a high note after dipping earlier in the day. The Dow Jones Industrial Average was up 0.6%. The S&P 500 added 0.5% and the Nasdaq Composite grew 0.4%. U.S. oil dropped below $35/barrel Monday before bouncing back up to just over $36/barrel. The U.S. junk-bond rout continued into the new
Daily Scan: Stocks lift before Fed meeting; Sgt. Bergdahl to be court martialed
Capital Markets
Updated throughout the day December 14, 2015 Stocks ended Monday on a high note after dipping earlier in the day. The Dow Jones Industrial Average was up 0.6%. The S&P 500 added 0.5% and the Nasdaq Composite grew 0.4%. U.S. oil dropped below $35/barrel Monday before bouncing back up to just over $36/barrel. The U.S. junk-bond rout continued into the new week
Active managers embrace ETFs
Asset Management
After fearing the cannibalism of exchange traded funds, active mangers are embracing the strategy in order to keep up with competitors. Goldman Sachs Asset Management, Franklin Templeton, and Legg Mason are all breaking into ETFs to take on the traditional index kings BlackRock, StateStreet, and Vanguard, reports the Financial Times. These traditional active managers have a lot to catch up