Hedge Funds
Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus […]
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Voss Capital wants to maximize shareholder value at International Money Express. How it may play out
Oscar Wong | Moment | Getty Images Company: International Money Express (IMXI) Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It works through company-operated stores, its mobile application and the company’s […]
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Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August
Ken Griffin, Founder and CEO, Citadel speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Billionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets […]
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Norway wealth fund may divest companies that aid Israel in Gaza war, occupied territories
A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog’s new, tougher interpretation of ethics standards for businesses that aid Israel’s operations in the occupied Palestinian territories. The Council on Ethics for the world’s largest sovereign wealth fund sent […]
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CNBC Daily Open: A ‘crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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CNBC Daily Open: Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Activist Cevian has a stake in clinical system corporation Smith & Nephew. How it may help boost margins
A logo sign exterior of a facility occupied by Smith & Nephew in Austin, Texas. SIPPL Sipa United states | AP Organization: Smith & Nephew (SN.-GB) Organization: Smith & Nephew is a British portfolio professional medical technological innovation enterprise that operates globally. The enterprise develops, manufactures, markets and sells clinical equipment and providers. Its segments […]
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Younger, rich traders convert to alternate options in its place of standard inventory and bond investments
pixelfit | E+ | Getty Pictures Youthful, rich buyers never want their parents’ investments. If you are involving the ages of 21 and 43 and have at the very least $3 million in investable belongings, your most well-liked investments probably aren’t your traditional mix of shares and bonds, according to new research from Lender of […]
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Starboard loses initial legal fight against Autodesk, but the battle may just be beginning
Igor Golovniov | Lightrocket | Getty Images Company: Autodesk (ADSK) Business: Autodesk engages in three-dimensional (3D) design, engineering and entertainment technology solutions. Its product offerings are focused on the following categories: Architecture, Engineering and Construction, AutoCAD and AutoCAD LT, Manufacturing, and Media and Entertainment. Its products include AutoCAD Civil 3D, Building Connected, Autodesk Build, Revit, […]
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