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  • Jennifer J 11:49 on August 28, 2015 Permalink | Reply  

    Hedge Fund News Wrap: Week Ending 08/28/15 

    Party Like It’s 2007…?

    (Business Insider) – Even though it’s Friday, the markets are still feeling their hangover from the dreaded “Black Monday.” Specifically equity funds are still feeling the hit, the daily outflows from them on Tuesday hit their highest level since 2007, as investors withdrew $19 billion. That’s billion, with a b. If you think that’s bad, a total of $29.5 billion drained out of equity funds throughout the entire week, the worst since 2002.

    “Emerging market investors have been spooked by rising uncertainty about China, and stress has been exacerbated by a combination of fundamental concerns about EM economic prospects and volatility in global financial markets,” said Charles Collyns, chief economist at the IIF.

    Read the entire article at Business Insider
    More coverage: CNBC and Rueters

    The Seven Things I Hate About You

    (CNBC) – People around the world are wondering, why has the market gone wild? Well, CNBC has put together a definitive and easy-to-read list.

    1.) Price discovery

    2.) The Fed

    3.) China

    4.) Massive late-day sell orders

    5.) The computers

    6.) Technical breakdowns

    7.) More China

    Read the entire article at CNBC
    More coverage: The Hill

    Everyone Put On Your Rally Caps

    (The Wall Street Journal) – Recently, the markets have been a roller coaster, the kind that flips you over, turns sharper than your limbs can handle, rapidly stops and drops so fast that your stomach feels like it has left your body.

    This morning U.S. stocks took a little tumble, as the Dow Jones Industrial Average fell 71 points, or 0.4%, to 16528, the S&P 500 was down 0.2% and the Nasdaq Composite lost 0.1%.

    Overall, both the Dow and the S&P 500 have rallied back from all of the losses suffered this past week. Currently, the Dow is up 0.9% and the S&P is up about 0.7%. But we aren’t out of the woods yet, as next week will be a vital sign as to where the market is headed.

    Read the entire article at The Wall Street Journal
    More coverage: Reuters and NBC

     
  • Jennifer J 11:17 on August 24, 2015 Permalink | Reply
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    TradingScreen's Morning Roundup 

    Key Regulatory Developments

    Litigation:

    Technology:

    Thought Leadership:

     
  • Jennifer J 11:30 on August 21, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 08/21/2015 

    “Fab Five” isn’t So Fab Anymore

    Facebook? Down.

    Amazon? Down.

    Google? Down.

    Apple? Down.

    Did that sting a little bit? It should have, as the “Fab Five” had its worst decline on Thursday since 2013. The renowned group has kept plenty of traders smiling from ear-to-ear in 2015, but yesterday it was clear how much control of the market they have. A whopping total of $49 billion in market value was obliterated, as the cliché of “what goes up, must come down” sadly came true.

    “Those five companies are the reason the market had been going up through the end of July — it makes sense that they would also lead the shift on the downside,” said Bill Mann, who helps oversee $1.5 billion at Motley Fool Asset Management LLC in Alexandria, Virginia.

    Read the entire article at Bloomberg
    More coverage: Business Net

    Mickey Mouse and Friends Decline Four Percent

    (CNBC) – In a strange twist of fate, the “Happiest Place On Earth” declined by four percent on Thursday. As shares of Walt Disney (NYSE:DIS) declined this week, media shares followed suite, leading to some very interesting observations and possibly signs of where the market is headed.

    CNBC’s Jim Cramer took to his soapbox to discuss Disney’s recent downgrade from “outperform” to “market perform,” issued by Wall Street research firm Bernstein. Although most would still rate the theme park giant as a Buy, cable television in general is taking a big hit this year as more people cut the cord on bundle packages and cable all together.

    Read the entire article at CNBC
    More coverage: CNN Money and Investor Place

    Is BB&T A Deal-Making Machine? You Decide.

    (USA Today) – Recently, BB&T Corporation (NYSE:BBT) released word that it is planning on acquiring National Bankshares (NASDAQ:NPBC) in a $1.8 billion cash-and-stock banking industry deal. While that deal is impressive in and of itself, it is only one of four deals that BB&T has made throughout the past year.

    Kelly S. King, chairman and CEO of BB&T stated, “The acquisition of National Penn provides a tremendous opportunity to strengthen our franchise in Pennsylvania and continue building the scale necessary to operate efficiently and with high-quality service,” he said. “As the fourth largest bank in the state, we will have a significant presence in these markets.”

    Four must be its magic number, because this deal moves BB&T up to fourth place by market share in Pennsylvania.

    Press release issued by BB&T

    Read the entire article at USA Today
    More coverage: Franchise Herald and Financial Buzz

     
  • Jennifer J 10:49 on August 19, 2015 Permalink | Reply
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    TradingScreen wins “Best in Investment Technology” Award at Global Fund Awards 2015 

    UNITED KINGDOM – August 18, 2015 – TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, was granted the “Best in Investment Technology” Award at Corporate LiveWire‘s Global Fund Awards 2015 event.

    “The Global Fund Awards is an international awards program sponsored by both Barclay Hedge and the IOM Fund Association. These awards bring recognition of fund performance and service providers who support the industry to the fore.  Corporate LiveWire takes great pride in publishing its full list of winners and celebrating the success of these firms,” said Leah Jones, Award Director, pertaining to this year’s level of competition.

    For more information, please visit Corporate Livewire’s site here.

    Global Fund Awards


    Contact:
    Cristina Dolan
    Head of Content and Communications
    Cristina.Dolan@tradingscreen.com
    Direct: +1 212-359-4149

    About TradingScreen
    TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order-and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named the Best Fixed Income Trading Platform in 2014 by Wall Street Letter for the second consecutive year, in addition to winning numerous awards for best trading technology. TradingScreen provides global coverage from offices in Boston, Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com.

     
  • Jennifer J 11:18 on August 18, 2015 Permalink | Reply
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    TradingScreen shortlisted for “Best Technology Provider” Award 

    Investment Week has shortlisted TradingScreen for the “Best Technology Provider” award at The Fund Services Awards 2015. The event is scheduled for Wednesday, October 7th at the Marriott Grosvenor Square, London.

    “The Fund Services Awards are designed to identify the cream of the crop when it comes to companies that offer services and solutions to the fund management industry, giving the opportunity to showcase their expertise and ability.”

    To read more about the nomination or The Fund Services Awards 2015, click here.

     
  • Jennifer J 11:43 on August 17, 2015 Permalink | Reply
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    TradingScreen's Morning Roundup 

    Key Regulatory Developments:

  • European stocks bounce back
  • Merger may raise healthcare costs
  • Litigation:

    Technology:

    Thought Leadership:

     
  • Jennifer J 14:17 on August 14, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 08/14/15 

    The Yuan is Making Moves

    (Business Insider) – After falling to a four-year low on Wednesday, China’s currency is rallying as the week rounds out. The 4.4 percent depreciation in the yuan was an attempt to boost the domestic economy, but unforeseen negative consequences ensured for the Chinese corporate sector. According to Business Insider, the People’s Bank of China changed its formula for calculating the reference rate of the yuan in order to incorporate market forces.
    There are opposing opinions as to if tolerating several marketing forces to determine the value of the yuan is the best decision, or if China has a selfish reason for doing so. Whether that is to make Chinese exports weaker on our wallets or not is up for debate. Either way, it lost 3.5 against the U.S. dollar this week alone, leading to the largest one-day fall since 1994.

    Read the entire article at Business Insider
    More coverage: CNBC and Reuters (More …)

     
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