Saba's Takeover Bids Rejected by Two More Investment Trusts
Shareholders of Henderson Opportunities and CQS Natural Resources Growth and Income investment trusts overwhelmingly rejected Saba Capital Management's takeover bids on January 26, 2024, marking Saba's fourth and fifth consecutive defeat in its attempt to consolidate London-listed investment trusts,...
Saba's Takeover Bids Rejected by Two More Investment Trusts
Shareholders of Henderson Opportunities and CQS Natural Resources Growth and Income investment trusts overwhelmingly rejected Saba Capital Management's takeover bids on January 26, 2024, marking Saba's fourth and fifth consecutive defeat in its attempt to consolidate London-listed investment trusts,...
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52% Bias Score
Record Hedge Fund Borrowing Reflects Bets on Trump Presidency and Rising Dollar
Ahead of Donald Trump's presidency, hedge funds reached their highest borrowing levels since 2010, betting on a rising dollar and potential gains in specific U.S. stock sectors, despite concerns about tariffs and increased market volatility.
Record Hedge Fund Borrowing Reflects Bets on Trump Presidency and Rising Dollar
Ahead of Donald Trump's presidency, hedge funds reached their highest borrowing levels since 2010, betting on a rising dollar and potential gains in specific U.S. stock sectors, despite concerns about tariffs and increased market volatility.
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44% Bias Score
Top 20 Hedge Funds Generate Record $93.7 Billion in 2024 Gains
In 2024, the world's top 20 hedge funds, led by Citadel, D.E. Shaw, and Millennium Management, collectively generated a record $93.7 billion in gains, significantly outperforming the average hedge fund and the S&P 500, showcasing the consistency of their multi-strategy approach despite high manageme...
Top 20 Hedge Funds Generate Record $93.7 Billion in 2024 Gains
In 2024, the world's top 20 hedge funds, led by Citadel, D.E. Shaw, and Millennium Management, collectively generated a record $93.7 billion in gains, significantly outperforming the average hedge fund and the S&P 500, showcasing the consistency of their multi-strategy approach despite high manageme...
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60% Bias Score
US Dollar Strength Dominates 2024 Currency Markets
In 2024, the US dollar strengthened significantly against most major currencies, particularly emerging market ones, driven by aggressive hedge fund positions and reflected in options trading; the Canadian and Norwegian Krone experienced the heaviest selling.
US Dollar Strength Dominates 2024 Currency Markets
In 2024, the US dollar strengthened significantly against most major currencies, particularly emerging market ones, driven by aggressive hedge fund positions and reflected in options trading; the Canadian and Norwegian Krone experienced the heaviest selling.
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40% Bias Score
Booming Private Markets Drive Growth for Alternative Asset Managers
Investors are increasingly moving capital into private markets, boosting alternative asset managers like KKR and Apollo, which saw significant gains in 2024; a Bank of America survey indicates that nearly three-quarters of financial advisors plan to increase allocations to these assets, creating a p...
Booming Private Markets Drive Growth for Alternative Asset Managers
Investors are increasingly moving capital into private markets, boosting alternative asset managers like KKR and Apollo, which saw significant gains in 2024; a Bank of America survey indicates that nearly three-quarters of financial advisors plan to increase allocations to these assets, creating a p...
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48% Bias Score
Saba Capital Faces Backlash in Bid to Control Seven UK Investment Trusts
Saba Capital, a New York hedge fund, is attempting to seize control of seven London-listed investment trusts, prompting strong opposition from the trusts' chairs who criticize Saba's self-serving motives and lack of transparency.
Saba Capital Faces Backlash in Bid to Control Seven UK Investment Trusts
Saba Capital, a New York hedge fund, is attempting to seize control of seven London-listed investment trusts, prompting strong opposition from the trusts' chairs who criticize Saba's self-serving motives and lack of transparency.
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56% Bias Score
Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle
Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.
Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle
Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.
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52% Bias Score
Record Holiday Sales Mask High U.S. Consumer Debt
U.S. holiday retail sales for November and December 2024 hit a record $994.1 billion, a 4% increase over 2023, exceeding expectations despite high U.S. household debt of $17.9 trillion and consumers remaining budget-conscious.
Record Holiday Sales Mask High U.S. Consumer Debt
U.S. holiday retail sales for November and December 2024 hit a record $994.1 billion, a 4% increase over 2023, exceeding expectations despite high U.S. household debt of $17.9 trillion and consumers remaining budget-conscious.
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52% Bias Score
US Hedge Fund Targets British Conglomerate Smiths Group for Break-Up
Engine Capital, a US hedge fund, is pushing for the break-up or sale of FTSE 100-listed Smiths Group, a £6 billion British engineering firm, citing undervaluation due to its conglomerate structure; Smiths Group's shares rose 5.5 percent following the announcement.
US Hedge Fund Targets British Conglomerate Smiths Group for Break-Up
Engine Capital, a US hedge fund, is pushing for the break-up or sale of FTSE 100-listed Smiths Group, a £6 billion British engineering firm, citing undervaluation due to its conglomerate structure; Smiths Group's shares rose 5.5 percent following the announcement.
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48% Bias Score
Saba Capital's £3.9 Billion UK Investment Trust Takeover Bid
Saba Capital, a hedge fund, is attempting a takeover of seven London-listed investment trusts, proposing a merger to create a £3.9 billion entity focused solely on UK assets, leading to conflict with the trusts' boards who accuse Saba of self-interest.
Saba Capital's £3.9 Billion UK Investment Trust Takeover Bid
Saba Capital, a hedge fund, is attempting a takeover of seven London-listed investment trusts, proposing a merger to create a £3.9 billion entity focused solely on UK assets, leading to conflict with the trusts' boards who accuse Saba of self-interest.
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64% Bias Score
Hedge Funds Dump US Stocks Amid Inflation Concerns
Hedge funds rapidly sold US stocks from December 27, 2024 to January 3, 2025, driven by short selling and concerns about inflation and potential policy changes under President-elect Trump, marking their fastest pace in seven months, according to Goldman Sachs data.
Hedge Funds Dump US Stocks Amid Inflation Concerns
Hedge funds rapidly sold US stocks from December 27, 2024 to January 3, 2025, driven by short selling and concerns about inflation and potential policy changes under President-elect Trump, marking their fastest pace in seven months, according to Goldman Sachs data.
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48% Bias Score
Trump Appoints Anti-Biden Economist to Head White House Council
Donald Trump appointed Stephen Miran, a former Treasury official and critic of the Biden administration's economic policies, as the head of the White House Council of Economic Advisers; Miran's appointment could significantly impact US and global economic policy.
Trump Appoints Anti-Biden Economist to Head White House Council
Donald Trump appointed Stephen Miran, a former Treasury official and critic of the Biden administration's economic policies, as the head of the White House Council of Economic Advisers; Miran's appointment could significantly impact US and global economic policy.
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36% Bias Score