U.S. stocks climbed Monday as commodity prices recovered from last week's slump and a burst of deal activity helped overshadow concerns over Greek finances.
Hedge funds, as measured by the Greenwich Global Hedge Fund Index, gained across all major strategies in April. The GGHFI gained 1.69% compared to global equity returns in the S&P 500 Total Return +2.96%, MSCI World Equity +4.02%, and
FTSE 100 +2.73% equity indices. 78% of constituent funds in the GGHFI ended the month with gains.
Omgeo, the global standard for post-trade efficiency, announced today that it has launched the Hedge Fund Operations Forum
(HOF), an industry peer group for UK-based hedge fund operations professionals. Members of the HOF will meet on a quarterly basis to exchange ideas and knowledge of operational best practice implementation that goes beyond current regulatory
requirements.
Hennessee Group LLC, an adviser to direct hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +1.36% in April (+3.85% YTD), while the S&P 500 advanced +2.85% (+8.43% YTD), the Dow Jones Industrial Average increased +3.98% (+10.65% YTD), and the NASDAQ Composite Index gained +3.32% (+8.32% YTD).
The Australian share market finished flat as investors backed off ahead of the release of the federal budget on Tuesday. The benchmark S&P/ASX200 index was up 13.8 points, or 0.29 per cent, at 4,756.8 points, while the broader All Ordinaries index was up 15.6 points, or 0.32 per cent, to 4,831.7.
Standard & Poor's downgraded Greece's long term-credit rating from B to BB-minus, citing that it saw an increased risk that Greece will need to restructure its debt. S&P said its projections suggested that a 50pct reduction in principal debt could be needed to restore Greece's debt burden to a sustainable level.
The Senate’s second interim report into milk pricing has acknowledged the customer benefit of lower milk prices - and that such benefits should not be dismissed lightly.
US non-farm payrolls rose by a much larger than expected 244,000 in April - marking the biggest increase in 11 months. The private sector created 268,000 jobs, with jobs growth in the retail sector (+57,000) marking the largest monthly increase in over a decade. However the jobless rate did rise from 8.8pct to 9.0pct in April.
A planned one-hour strike by more than 1,000 engineers is expected to delay Qantas Airways’ flights Friday at airports across Australia.
Aircraft engineers at Qantas plan a one-hour work stoppage on Friday that will launch what they intend to be a series of industrial actions against the airline.
Google Inc. (GOOG) failed to overturn a ruling by a Belgian court that that blocked the world's number one search engine from publishing links to local newspapers on Google's online news service.
A barrier to financial literacy is the use by some financial planners, fund managers and listed companies of unnecessarily complex language when communicating with their investors.
LastPass has withdrawn its command for all its users to reset their master passwords due to a possible database breach.
RBA quarterly statement more hawkish on monetary policy - Inflation expectations increased - The RBA's statement implies current rate expectations are too benign - June rate hike now seen as more likelyBy Chris ShawOn Friday the Reserve Bank of Australia (RBA) released its quarterly statement on m...
Consumer Metrics Institute Members News: May 5, 2011 - Resumed Downturns, Retail Sales and Consumer ConfidenceLakewood, ColoradoAfter a week-long pause our Daily Growth Index resumed its movement into record territory, setting a new all-time low representing a 6.
Some of the world's top billionaires have gathered in Arizona to discuss money and how to give them away.
The Philippines has invited one of Thailand's major oil players to invest in the country as part of government's efforts to bring down the spiraling cost of this very important commodity.
The Association of Southeast Asian Nations (ASEAN) is calling on its 10-member-countries to come up with ways and means on how to address the ever increasing prices of goods and services.
After posting modest losses during the first half of April, US equity markets ended the month with positive performance. Commodities posted gains concentrated in precious metals while the US Dollar declined sharply. US treasury yields fell on analysts' negative outlook for US credit rating, while the environment for credit & corporate acquisition remained robust. Hedge funds posted gains for the month of April, with the HFRI Fund Weighted Composite Index gaining +1.86% with positive contribut...
New York based CTA Systematic Alpha Management (SAM) has extended its contract with QuantHouse, a leading supplier of next-generation trading systems, to include QuantLINK, an advanced trading infrastructure interconnecting the heart of exchanges with proximity hosting at the source.
Hennessee Group LLC, an adviser to direct hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +1.3% in April (+3.80% YTD), while the S&P 500 advanced +2.9% (+8.4% YTD), the Dow Jones Industrial Average increased +3.98% (+10.65% YTD), and the NASDAQ Composite Index gained +3.32% (+8.32% YTD).
- RBS Australia re-initiates coverage on OceanaGold- Stock rated a Buy given strong cash flows and growth prospects- Dipidio project the major growth driverBy Chris ShawFollowing an absence of a few years, RBS Australia has re-initated coverage on OceanaGold ((OGC)) with a Buy rating.
U.S. stocks rose Friday as investors were encouraged by a bigger than expected increase in monthly nonfarm payrolls, but worries over Greece limited the gains.The Dow Jones Industrial Average closed up 54.57 points, or 0.43%, to 12638.74. Kraft Foods was the measure's best performer with a jump of 69 cents, or 2.1%, to $34.08, after the packaged-foods company's first-quarter sales and profit topped analysts' estimates.
The broker has been ranked number one in the Topfranchise survey rating Australia's best franchisors. The Topfranchise survey, launched three years ago by research company 10 Thousand Feet, has seen Smartline take top ranking each year. Smartline CEO Chris Acret said the ranking was particularly important as it reflected the sentiments of Smartline's franchisees.
Now General Motors Company (GM), second only to Toyota in global auto sales, has reported its fifth consecutive profitable quarter, posting net income of $3.2 billion, or $1.77 per fully-diluted share. Revenue in the first quarter ended March 31 increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010.
Australian shares closed marginally weaker despite recovering from earlier lows caused by step falls overnight in commodity prices.
Equity prices in the US were mostly lower as investors eye Friday's employment report, which are now expected to come in even softer than the beginning of the weeks expectations.
Asian-focused hedge funds posted steady gains in the first quarter of 2011, a volatile quarter for Asian financial markets dominated a continuum of dramatic developments, including economic, financial, environmental, social and secular.
The energy sector led U.S. stocks lower Thursday as crude-oil prices plunged and jobs data disappointed, hurting expectations for the government's upcoming employment report.
Internet giant Google has launched its Google Shopping product search engine in Australia.
