News > All

Daily Scan: Match and Square show strong debut; Lockhart nervous about inflation
Capital Markets
Updated throughout the day November 19 The U.S. markets were fairly stagnant Thursday, with the exception of some IPO and earnings excitement. No real move from the major indexes. Match Group, parent of Tinder and other dating apps, opened at $13.50 in its public debut, up 12.5% from the IPO pricing. The Gap tumbled more than 1% after it slashed its 2015…
Credit Suisse tries to explains lagging hedge fund performance
Hedge Funds
An odd returns dispersion has occurred over the past months, a Credit Suisse report notes. Hedge funds generally had difficulty in August and September as the stock market faltered but when markets rebounded in October, many well-known hedge funds once again lagged the indexes. Hedge funds underperform in October Credit Suisse notes Citing the CSAM Hedge Fund Master’s index gain…
Video: Jack Dorsey sees contactless payments taking off; IPO up 50% on NYSE
FinTech
Jack Dorsey shares with CNBC that 350,000 small businesses have pre-ordered readers for a device that will enable customers to use Apple Pay or chip-enabled credit cards. They cost $49 each. In an interview, the Square CEO says that stores testing the contactless and chip card readers say customers are using the option half of the time-- a sign that…
The dissolution of Pyramis
Asset Management
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
Asset Management
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
Capital Markets
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
Venture Capital
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…