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forbes.com November 06, 2019

SoftBank Reported A Huge Loss Of $8.9B From WeWork And Uber

SoftBank just reported an $8.9 billion loss, its first quarterly loss in 14 years. The hit was in the company’s $100 billion Vision Fund and related in large part due to the terrible performance of one of its largest portfolio companies.
Read by 50% of LPs

hedgeweek.com 4 minutes ago

Hedgewire 18/11/19 Newsletter

Newsletter Items: Hedge fund activism can have positive longer-term effects on companies, says new researchADAM releases Code of Conduct for digital asset marketsTassat and Blockfills partner to create bitcoin 'trade-at-settlement' spot product NextPrime and Crown Financial Services partner to enable broad range of financial institutions to trade digital assetsNewQuest raises USD1bn for fourth flagship fundIPSX appoints Director, Capital MarketsBanner: 2010Footer label: INTERVIEWFooter image: Footer content: Technology can act as a growth enabler to help hedge funds cope with increased margin pressuresFooter call to arms: READ MOREMax ads:
Read by 67% of LPs

finance.yahoo.com 34 minutes ago

Cae, Inc. (cae): Hedge Fund Sentiment Unchanged But Still Negative

Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the nearly unlimited research abilities of the big players within the hedge fund industry can easily identify the undervalued and high-potential stocks that reside the ignored corners of equity markets.
Read by 35% of LPs

nasdaq.com 34 minutes ago

Column-oil Price Rally Squeezes Bears, But Bulls Keep Powder Dry: Kemp | Nasdaq

Hedge fund managers continued to scale back short positions in crude last week amid receding fears of a global recession and increasing signs of a slowdown in U.S. oil production growth next year. LONDON, Nov 18 (Reuters) - Hedge fund managers continued to scale back short positions in crude last week amid receding fears of a global recession and increasing signs of a slowdown in U.S. oil production growth next year.
Read by 52% of LPs

m.engineeringnews.co.za 34 minutes ago

South African Hedge Funds Bet On Rules To Stem Outflows

South Africa's hedge fund industry is betting on new rules to help reverse a record drop in assets under management. New guidelines from January will split funds into different investment categories and geographical exposure so local investors can make better comparisons. They will also allow hedge funds to be stacked against long-only equity or fixed-income funds and help the industry body compile uniform data. "This is the next evolution of where we are going," said Hayden Reinders, the chairman of the Association for Savings and Investments South Africa's hedge funds standing committee.
Read by 77% of LPs

marketwatch.com 54 minutes ago

With Dow Above 28,000 Are Investors Ignoring A 'material Deterioration' In The Global Economy?

Neither corporate profits nor economic data have yet to corroborate the ongoing rally and rotation in U.S. stocks, so the market may be getting ahead of itself and be due for a pullback, analysts and investors told MarketWatch.
Read by 75% of LPs

shalemarkets.com 1 hour, 24 minutes ago

Shale Markets, Llc / Dominion Energy Loads 100th Commercial Lng Ship At Cove Point

By LNG World News U.S. LNG operator Dominion Energy has loaded its 100th commercial liquefied natural gas (LNG) ship from its Cove Point LNG terminal. Read Full Article Here For more great articles: LNG World News.
Read by 53% of LPs

edie.net 1 hour, 54 minutes ago

Dozens Of Investors Slam Iea Over Fossil Fuels And Renewables Projections

Allianz, Zurich Insurance Group and Orsted's pension fund are among 65 finance bodies to have written to the International Energy Agency (IEA), urging to body to hep global energy firms align with the Paris Agreement.
Read by 72% of LPs

marketwatch.com 1 hour, 54 minutes ago

The College Your Kids Attend Isn't As Important As The Majors They Choose

Too many people believe their dream college is worth endless effort, stress and debt. : The college-admissions scandal -- which led to a 14-day prison sentence for actress Felicity Huffman -- exposed a group of wealthy parents' obsession with getting their kids into the "right" school. Prosecutors say the families paid bribes, faked test results and pretended their kids were athletes to get them into selective colleges.
Read by 80% of LPs

siliconrepublic.com 2 hours, 24 minutes ago

Nigerian Fintech Opay Raises $120M With Plans To Expand To Kenya And Ghana

A few months after raising $50m in Series A funding, Opera's Nigerian payments platform OPay has raised a further $120m, which will be used to expand across Kenya, Ghana and South Africa. On Monday (18 November), Nigerian fintech start-up OPay announced that it has raised $120m in Series B funding. The company plans to use the funding to expand its payments platform to other African nations, including Kenya, Ghana and South Africa. The company's latest funding round saw investment from Meituan-Dianping, GaoRong, Source Code Capital, Softbank Asia, BAI, Redpoint, IDG Capital, Sequoia China and GSR Ventures.
Read by 39% of LPs

finextra.com 2 hours, 54 minutes ago

Funding Xchange Closes PS8M Funding

Funding Xchange (FXE), the FinTech that has built digital decisioning technology to enable partners...: Funding Xchange (FXE), the FinTech that has built digital decisioning technology to enable partners like MoneySuperMarket, Monzo and Experian to offer their customers instant access to personalised transparent quotes for business funding, today announced the closing of an PS8 million funding round, led by Downing Ventures and Gresham House Ventures. Sponsored: [Webinar] Real-Time Payments in the US: Global State of Play, Lessons Learnt, and How to Make Money.
Read by 75% of LPs