By Carolina Mandl NEW YORK (Reuters) – Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note. The sales could indicate that portfolio managers have become more bearish on tech stocks, after the sector’s […]
(Reuters) – BlackRock has launched a ‘buffer’ exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world’s largest asset manager said on Monday. So-called buffer or risk-managed ETFs help maximize returns from an asset for investors and simultaneously provide downside protection over a specific […]
(Bloomberg) — BlackRock Inc. is the latest asset manager to launch an exchange-traded fund that offers a way to ride the stock rally — while hedging 100% of the downside if markets plunge. Most Read from Bloomberg The iShares Large Cap Max Buffer Jun ETF is set to begin trading under the ticker MAXJ on […]
(Bloomberg) — After a blistering rally driven by the biggest technology stocks pushing the S&P 500 to a string of all-time highs this year, it’s “a good time to tap the brakes,” according to Goldman Sachs Group Inc.’s Tony Pasquariello. Most Read from Bloomberg “It’s a bull market, but the probability of a drawdown is […]
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia stock is still cheap based on a forward price-to-earnings multiple, according to a hedge fund manager. Eric Jackson expects Nvidia stock to hit $250 per share by the end of the year, doubling from current levels. Nvidia’s market cap could hit $6 trillion, […]
The IRS on Tuesday said it “sincerely apologizes” to billionaire investor Ken Griffin and thousands of other wealthy people whose private tax information was leaked to the news media by a former contractor. The unusual statement came as part of a negotiated settlement with Griffin who, in exchange, agreed to drop a long-running lawsuit against […]
(Bloomberg) — Bobby Jain has gathered $5.3 billion in commitments for his new multistrategy hedge fund, marking the biggest fundraising haul since ExodusPoint Capital Management’s record debut. Most Read from Bloomberg Start trading Jain Global will start trading July 1, according to people familiar with the matter. Investors include endowments, foundations, family offices, bank wealth […]
We recently compiled a list of the 10 Stocks Hedge Funds Are Crazy About Right Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other hedge fund-approved stocks. Investing, broadly speaking, narrows down to two strategies. These see an investor decide whether to buy a […]
(Bloomberg) — Former Millennium Management Asia executive Jonathan Xiong’s new hedge fund pod-shop has signed up Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings Pte. as additional backers, according to people familiar with the matter. Most Read from Bloomberg Canada’s largest pension plan and Seviora Capital Pte, a wholly-owned unit […]
The Dow Jones Industrial Average was lower as Microsoft (MSFT) slipped despite a bullish call. Gold miner Newmont (NEM) popped on an upgrade on the stock market today. Nvidia (NVDA) hit another all-time high while Warren Buffett firm Berkshire Hathaway (BRKB) cut its stake in Chinese EV giant BYD (BYDDF). X The Dow Jones index […]
ANNAPOLIS, Md. (AP) — Former Maryland Gov. Larry Hogan, a Republican running to flip a Senate seat that could determine control of the chamber, will once again skip the Republican National Convention as national party leaders hedge on whether the GOP will help fund his campaign. Hogan’s campaign has confirmed that the former governor will […]
The S&P 500 and Nasdaq Composite have gotten off to red-hot starts so far in 2024, with each index already boasting double-digit returns. It shouldn’t come as a surprise that one of the biggest tailwinds fueling the capital markets right now is artificial intelligence (AI). Specifically, a collective of megacap tech businesses known as the […]