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July 1, 2022

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Cryptoverse: Crypto lenders face a DeFi drubbing

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Crypto lending may not be down and out, but it’s certainly on the ropes.......

Warren Buffett charity lunch fetches winning bid of $19 mln

Reuters
June 17 (Reuters) – A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid in the eBay auction that ended on......

U.S. rate markets price in aggressive 75-bps hike on Wednesday

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 13, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, June 14 (Reuters) – Investors have dramatically raised their bets that the U.S. Federal Reserve will......

UK transport firm FirstGroup rejects latest private-equity approach

Reuters
June 9 (Reuters) – British transport firm FirstGroup (FGP.L) said on Thursday it had turned down the latest takeover approach of 118 pence per share in cash and a contingent right of up to 45.6 pence apiece from private-equity firm I Squared Capital. The company said the cash component of......

Credit Suisse shares spike on reported State Street takeover interest

Reuters
MILAN, June 8 (Reuters) – Shares in Credit Suisse (CSGN.S) turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report that U.S-based State Street (STT.N) is planning a takeover bid for the troubled lender, though some in the industry doubt the claim. Credit Suisse shares ended up......

Cryptoverse: The early birds betting bitcoin’s bottoming out

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw......

Citadel, AQR’s flagship portfolios far outpacing broader stock market

Reuters
A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Hedge funds AQR and Citadel posted rises in their flagship portfolios last month......

Cruiser Capital wins three seats on American Vanguard’s board

Reuters
BOSTON, June 1 (Reuters) – American Vanguard Corp (AVD.N) investors on Wednesday elected all three of Cruiser Capital’s candidates to the nine-member board of directors, handing a victory to the hedge fund that had criticized management of hefty spending that hurt returns. Cruiser Capital, which owns 2.5% of the agricultural......

Column: Recession risk keeps funds cautious on oil despite sanctions: Kemp

Reuters
An aerial view shows oil tank cars and railroad freight wagons in Omsk, Russia May 24, 2022. Picture taken with a drone. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register LONDON, May 30 (Reuters) – Portfolio investors turned cautious on oil again last week after a sharp......

Analysis: As U.S. economy’s exceptionalism fades, so does the dollar

Reuters
LONDON, May 25 (Reuters) – The dollar’s rally to two-decade highs appears to have stalled, with doubts growing on whether the U.S. economy will prove as resilient and monetary policy as aggressive as previously expected. After climbing 10% in three months, the greenback has slipped 3% since May 13. Some......

Rocky markets giving macro funds a boost

Reuters
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Hedge funds that bet on bonds, currencies, stocks and commodities are......

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

Column: Hedge funds more bullish on crude as sanctions loom

Reuters
LONDON, May 23 (Reuters) – Investors grew significantly more bullish on petroleum prices last week in response to an increasing likelihood that EU sanctions on Russia’s exports that will intensify global oil shortages. Hedge funds and other money managers purchased the equivalent of 56 million barrels in the six most......

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

Reuters
NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of......

Egan-Jones backs 4 of Macellum’s dissident board director candidates at Kohl’s

Reuters
The logo and trading informations for Kohl’s is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 9 (Reuters) – Proxy advisory firm Egan-Jones......

Suncor CEO Little faces scrutiny after activist Elliott takes aim

Reuters
May 8 (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy (SU.TO), issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at......

Analysis: Banks face reversal of fortune from war and runaway inflation

Reuters
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May 6 (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money......

Glass Lewis urges Kohl’s shareholders to back management directors

Reuters
The Kohl’s label is seen on a shopping cart in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register BOSTON, May 3 (Reuters) – Proxy advisory firm Glass Lewis on Tuesday recommended that......

Exclusive: Twitter under shareholder pressure to seek deal with Musk, sources say

Reuters
Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though......

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Reuters
April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing......

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