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Saudi-backed Tech Fund To Invest $50bn In US
Saudi-backed tech fund ‘to invest $50bn in US’, claims Donald Trump. US President-elect Donald Trump says held meeting with SoftBank CEO Masayoshi Son Half of a $100 billion technology fund backed by Saudi Arabia’s sovereign wealth fund is thought to be earmarked for investment in the US, according to President-elect Donald Trump. Full investment news article
Morgan Stanley: Quant Hedge Funds Unable To Profit On Post Election Moves
The typical stock finished with 53% of its risk not explained by macro factors. High beta stocks beat low beta by 15% in November. Previous markets were largely driven by beta market performance drivers, as risk not explained by beta factors were only 37% in July. “Reduced equity market volatility is a driver of the increase in stock-specific risk.” Full investment news article
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