BNY Mellon Alternative Investment Services (AIS), a leading hedge fund service provider, announced that it has topped $400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.
By Greg PeelThe Dow rose 80 points or 0.7% while the S&P gained 0.9% to 1340 and the Nasdaq jumped 1.1%.
U.S. stocks snapped a three-day losing streak Wednesday as the Federal Reserve's minutes showed the central bank officials are in no hurry to tighten monetary policy
A weaker reading in both the Westpac Consumer Sentiment (actual -1.3%; previous 1.2%) survey and quarterly Wage Price Index (actual 0.8%; previous 1%) saw the Aussie slip off 30 pips yesterday with the result potentially adding evidence that rates may remain on hold when the RBA meets the first Tuesday of next month.
The Australian share market finished modestly higher after Asian markets rallied and as weaker than expected local wage data buoyed consumer stocks.
The release of the FOMC minutes indicated that it is unlikely that the Fed will begin tightening policy this year.
Stocks in Australia and Tokyo close higher Wednesday, reflecting the generally brighter sentiments around Asian markets.
After a slow start to trade, the Australian sharemarket is managing to gain for the second straight session at lunch. The All Ordinaries index (XAO) is up 0.3 pct or 16.1 pts to 4700 thanks in part to the mining and energy sectors creeping into positive territory after opening lower this morning.
The widening social gap between the rich and the poor is clearly emerging in China as plans to make a private elite club comprised of the new rich has been revealed in reports on Chinese dailies in Beijing.
- Mirvac update reiterates full year guidance- Residential sales targets a challenge, nonresidential improving- Uptick in earnings not anticipated until FY14By Chris ShawProperty development group Mirvac ((MGR)) updated the market yesterday and maintained previous guidance for FY11 of a profit in th...
By Tony D’Altorio, Investment U Research Tuesday, May 17, 2011Mark Twain once said: “History does not repeat itself, but it does rhyme.
Managed futures gained 2.55% in April according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is up 2.07%.
RWC Partners' Head of Absolute Return Bond Strategies, Peter Allwright, believes that investors should be far more concerned about the effects of the "re-profiling" of Greek debt than the inflation numbers.
Hedge fund industry leverage declined in the last 12 months, according to the HFR Leverage Report, released today by Hedge Fund Research, Inc. (HFR). Leverage declined as investor inflows and less volatile performance gains combined to increase global hedge fund industry assets to a record $2.02 trillion.
By Greg PeelThe Dow closed down 68 points or 0.6% but the S&P closed down less than one point to 1328 and the Nasdaq closed up less than one point.
U.S. stocks stumbled for a third day in a row as weak economic data and a negative outlook from Hewlett-Packard heightened fears about a slowdown in the global economic recovery.
Dear Subscriber/Reader,FNArena is surveying investor sentiment in Australia in an effort to generate, over time, a similarly leading gauge as the AAII Investor Sentiment Survey in the US.
The Australian share market drifted higher in quiet trading Tuesday as heavyweight mining stocks led a broad based recovery in the local bourse after it hit an eight week low on Monday.
US industrial output was unchanged in April against expectations of a 0.4pct rise. Capacity utilisation eased from 77.0pct to 76.9pct in April. US housing starts fell by 10.6pct in April. Compared to April last year residential construction was down 23.9pct. New building permits fell 4pct in April.
The technology and consumer-discretionary sectors led stocks lower Monday as weak economic data spurred worries of a softening economy and Europe's debt crisis kept investor sentiment in check.
Unfortunately, at lunch the Australian sharemarket has not yet managed to come back after falling by over 1.3 pct yesterday. The S&P/ASX 200 index (XJO) is up a modest 0.1 pct or 4.4 pts to 4654.4.
By Greg PeelI'm not going to say anything, just offer these monetary policy conclusions from past RBA statements and minutes, and from today's May minutes.
Newedge, a global leader in multi-asset brokerage and clearing, today posted the monthly performance data for its suite of Hedge Fund Indices:
AUD had and extremely choppy night with an early rally in Europe on the positivity surrounding the Portugal rescue packageseeing risk currencies bought strongly. This euphoria didn’t last long however and as commodities got sold aggressively the AUD also felt the effects. Today seems dependant on what the RBA has to say in their minutes and looks range-bound prior.
As Finance Ministers and Eurozone policymakers meet to discuss the options available to some of the Eurozone's fiscally troubled states, the common currency is finding support from the earlier release of higher than expected core inflation data.
By Greg PeelThe last two weeks have seen carnage in spot commodity markets, yet uranium's trajectory has been to the upside.
By Lior Cohen, Energy Analyst for Trading NRG3 Reasons Silver Has Underperformed Gold During MayDuring March and April silver has outperformed gold price by a landslide, and yet during May (so far) it seems that the tables have turned and gold price is outperforming silver price.
By Greg PeelThe Dow closed down 47 points or 0.4% while the S&P lost 0.6% to 1329 and the Nasdaq lost 1.
- Greece is now in too deep a hole- Debt restructuring is inevitable- Restructuring will be orderly so as to avoid contagionBy Greg Peel“Greece is in a negative feedback loop in which high restructuring probability implies precarious debt dynamics, while such dynamics imply even higher default...
Hedge funds gained 1.32% in April according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up 3.24%.
