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Equities

Marshall Wace Backs Ex-Citadel Trader with $1 Billion

Marshall Wace, the world's largest hedge fund, has allocated $1 billion to a new trading book led by former Citadel portfolio manager Richard Northridge, reports Bloomberg. This significant investment is part of Marshall Wace's flagship Eureka hedge fund, which currently manages $22 billion. Marshall Wace revealed

South Korea's M&A Market Collapses as Investment Drops 40%

South Korea's merger and acquisition (M&A) market experienced a dramatic downturn in 2024, with investment plummeting by approximately 40 percent compared to last year, reports Yonhap News Agency. According to data from corporate research firm CEO Score, the combined M&A investment by the top

Record Outflows Hit China's Capital Markets in November

China experienced a record $45.7 billion outflow from its capital markets in November, marking the largest monthly deficit in cross-border portfolio investment, as reported by Reuters, citing official data released on Monday by the State Administration of Foreign Exchange (SAFE). The $45.7 billion outflow reflects a significant divergence

US Tariffs Harmed, Not Helped, American Firms: New York Fed

A recent study by the Federal Reserve Bank of New York reveals that tariffs imposed during the 2018-2019 U.S.-China trade war largely harmed, rather than protected, American companies. The analysis, published in the bank’s “Liberty Street Economics” blog, found widespread losses across publicly listed U.S. firms

Tokyo Stock Exchange Sees Record Delistings in Quality Drive

The Tokyo Stock Exchange (TSE) is set to see a record number of delistings in 2024, with 94 companies expected to depart the market, marking the first-ever annual decrease in the number of listed companies, reports Nikkei Asia. This surge in delistings is part of a broader effort by the

Asia Wary as Fed Rate Outlook Clouds Equity Markets

Asian stock markets displayed a cautious demeanor on Monday, with surging bond yields posing a challenge to equity valuations, particularly for the tech sector, as reported by Reuters. This comes as investors brace for a week packed with central bank meetings and key economic data releases. While interest rate cuts

Goldman Sachs Strategist Sees Broadening Market Returns, Favors Diversification Amid AI Hype

The current market rally, driven by AI optimism and the prospect of a soft landing, has likely priced in much of the positive news, according to Peter Oppenheimer, Chief Global Equity Strategist at Goldman Sachs. Speaking on Bloomberg Surveillance, he suggested that while the cyclical backdrop for stocks remains positive,

Tariffs Top Investor Concerns as Trump Begins Second Term, Goldman Sachs Survey Shows

A Goldman Sachs survey reveals that tariffs are the primary concern for investors as President Trump embarks on his second term. While largely agreeing with Goldman Sachs’ predictions on policy changes, investors appear more apprehensive about the potential economic and monetary fallout from Trump's trade actions. The survey

Morgan Stanley's Slimmon Warns of 'Frothy' Market, Advises Profit-Taking

Investors enjoying record highs may want to temper their enthusiasm, according to Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management. While acknowledging a potential short-term market rally extending into February, Slimmon expressed concerns about the current market leadership's long-term sustainability in a CNBC interview. Slimmon&

NYU's Damodaran Warns of Market Corrections

Concerns are rising about the sustainability of the current market rally, fueled by a handful of mega-cap technology companies, with NYU Stern Professor Aswath Damodaran warning in a Bloomberg interview last week that the market’s "priced for perfection" trajectory is unsustainable and likely to lead to a