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Aberdeen grasps for revival
Asset Management
Aberdeen Asset Management is desperately trying to revive itself after seeing its shares fall 25% in 2015 as emerging markets wobble. CEO Martin Gilbert says he's not looking to sell the company, despite the rumors. Gilbert's plans for reviving the firm in 2016 will include four or five small acquisitions to diversify away from emerging markets, reports Reuters. Some non-investment…
Ahead of Black Friday, enthusiasm for retail ETFs wanes
Asset Management
On the back of some recent, dismal earnings reports from the retail sector, it is not surprising that exchange traded funds such as the SPDR S&P Retail ETF (NYSE: XRT) are sagging. Nor is it surprising that investor enthusiasm for such ETFs is waning. XRT, the largest dedicated retail ETF, has shed 5 percent over the past week and more
Video: 'Me-too' startups face challenges in raising money; West Coast dreams big
Venture Capital
<p>The market is becoming saturated with "me-too" startups and are facing an uphill battle when it comes to fundraising, says Shayne Veramallay, venture pipeline manager for DLA Piper. In an interview with NexChange, Veramallay contrasts trends on the East Coast and West Coast.</p>
Daily Scan: Asia ends on a high; Auto sector helps drive up Euro markets
Capital Markets
Updated throughout the day November 17, 2015 Asian markets continued to soar until the final bell Tuesday, wiping out most of the losses from Monday when investors overestimated the market impact of Friday’s terror attacks in Paris. Hong Kong’s Hang Seng Index and Australia's S&amp;P/ASX 200 rose 1.2% and 2.3%, respectively, while Japan’s Nikkei Stock Average rose 1.2% on the&hellip;
Hedge funds making a killing with tech giants
Hedge Funds
While private investors behind some of the most overvalued startups are feeling pangs of regret,  hedge funds backing Silicon Valley's publicly-listed old guard are laughing all the way to the bank. On Monday, Business Insider reported that Microsoft and Amazon are both reaping big rewards for their hedge fund backers: Barry Rosenstein's Jana Partners and Chase Coleman's Tiger Global. Jana's&hellip;
The next financial crisis -- how good rules go bad
Capital Markets
Karen Shaw Petrou’s Federalist Society speech titled, “The Next Financial Crisis – How Good Rules Go Bad” It is an honor to speak here today with Senator Gramm, a man whose name graces many of the most important banking and budgetary bills enacted during the decades he represented Texas voters – I know they miss him still. He has just&hellip;
Blackrock says overweight European equities
Asset Management
There was already a lot for investors to weigh up. Now heightened geopolitical risk following the Paris terrorist attacks add to anxieties about interest rates, China's economic growth and the accumulation of dollar debt by emerging countries. In his weekly commentary, Blackrock chief investment strategist Russ Koesterich offers a sober guide for asset allocators: Outlook: Equity Market Divergence Asset Class View Notes Equities: Overweight United States  U Prefer&hellip;
Daily Scan: Energy stocks boom with fears of oil supply disruption
Capital Markets
November 16, 2015 Stocks rose Monday, despite concerns that the attacks in Paris would scare investors. The S&amp;P 500 added 1.5%, led by the energy sector, which gained 3.3%.  U.S.-traded crude oil rose 3% to $42.08/barrel as investors showed their concern that airstrikes in the Middle East could lead to oil-supply disruptions. The Dow was up 1.4%, and the Nasdaq added 1.15%.&hellip;
Elliott discloses stake in American Capital, rejects spinoff plan
Hedge Funds
Elliott Management Corporation announced that its funds collectively own 8.4% stake in American Capital, a global private equity firm. In its 13D filing with the Securities and Exchange Commission (SEC), Elliott indicated that it sent a letter to Board of Directors of American Capital expressing its opposition to the planned spinoff. See Paul Singer Q3 letter here Elliott said spinoff would&hellip;
Dislike this: Andreessen sold 75% of his Facebook shares
Venture Capital
Marc Andreessen essentially unfriended Mark Zuckerberg IRL, dumping about three-fourths of his Facebook shares in the last two weeks. Facebook's stock dropped almost 3% with the news Monday, reports Business Insider. Andreessen sold 1.5 million shares, valued at about $160 million, beginning October 30. It's not unusual for initial venture capital backers to sell their shares of a company during&hellip;