Hedge fund Greenlight Capital's strong fourth quarter gains lift 2020 return to 5.2%
BOSTON (Reuters) - Greenlight Capital ended 2020 with a 5.2% gain thanks to a dramatic fourth quarter comeback when bets on a homebuilder, jet leasing company and home security services company turned into a 25% return, the firm said in a letter to investors on Thursday.
BlackRock CEO says U.S. must roll out vaccines aggressively
MILAN (Reuters) - The best measure of success for the new U.S. government of President Joe Biden will be the speed at which it rolls out COVID-19 vaccines, BlackRock Chief Executive Larry Fink said on Thursday.
Canadian pension funds hunt for pandemic real estate bargains
TORONTO (Reuters) - Canadian pension funds are seeking to boost their real estate investments, betting the slumping property market will recover as the COVID-19 pandemic recedes and office workers and city dwellers return to downtown properties.
Morgan Stanley boosts targets after blowout trading quarter
(Reuters) - Morgan Stanley boosted both its short and long-term operating targets on Wednesday after coronavirus-induced volatility in financial markets helped the Wall Street bank post a quarterly profit that sailed past estimates.
Goldman hints at cost cuts to hit targets as trading gains look ready to slow
(Reuters) - Goldman Sachs Group Inc posted a blockbuster fourth-quarter profit that dwarfed Wall Street estimates on Tuesday, but executives warned that capital markets activity fueling results lately will probably slow down and that the bank's consumer business will take longer to get in the black.
Hedge fund Elliott Management to shutter Hong Kong office
(This January 19th story corrects size of Elliott office in fourth paragraph to 40 from 100)
Bitcoin, U.S. tech stocks seen as biggest market bubbles - investor surveys
LONDON (Reuters) - There is growing angst among investors over financial market price bubbles, and top of the list of concerns were the cryptocurrency bitcoin and U.S. tech stocks, two closely followed surveys showed on Tuesday.
Hedge funds returns at 11-year-highs in 2020: data
TORONTO (Reuters) - Global hedge funds posted average returns last year of 11.6%, the best year for the industry since 2009, as they took advantage of market volatility due to the pandemic, according to data from industry tracker Hedge Fund Research (HFR).
Analysis: Wall Street cheers on Biden stimulus plan but worries about the cost
NEW YORK (Reuters) - A proposed $1.9 trillion coronavirus relief stimulus package from President-elect Joe Biden may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all.
U.S. stock funds draw $2.2 billion in week: Lipper
(Reuters) - U.S. equity funds saw inflows of $2.2 billion in the week ended Wednesday, a period when Wall Street indexes hit record highs on optimism that President-elect Joe Biden will be able to push more economic stimulus through a Congress controlled by Democrats.