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  • Mike T 10:50 on January 30, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 01/30/15 

    As Oil Prices Crater, Hedge Funds Dive In

    (CNBC) – As oil prices round out a month of trading in the $40 range, hedge funds in both the U.S. and abroad are grabbing at investment opportunities in a distressed energy sector.

    In recent months, a spate of money managers, including Lansdowne Partners, Avenue Capital, Carlson Capital and Blackstone’s GSO Capital unit, have been raising fresh capital to deploy in either long-short energy stock picking, credit investing, or both. At the same time, hedge-fund investors say that finding ways to home in on the distressed oil industry has been a top priority of late.

    Energy “is one of our top themes,” said Charlie Krusen, whose $200 million fund of funds company, Krusen Capital Management, has fielded dozens of pitches from hedge funds and private equity shops focusing on the troubled sector in recent months.

    It’s all part of a stampede for returns at a time when energy companies’ cash-intensive drilling and servicing operations have been strained in the current, cheap-crude environment. (More …)

     
  • Mike T 12:51 on January 28, 2015 Permalink | Reply
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    Economic Analysis – Week of January 28, 2015 

    The European Central Bank announced a quantitative easing program that is larger than analysts had predicted. As a result, equities gained, the euro fell and interest rates will likely decrease. The devaluation of the Euro may increase exports for Europe. US manufacturing should remain unaffected as the stronger dollar will be negated by increased demand from Europe. Crude oil prices descending to the lowest point in nearly eight years has hurt the US energy sector but has been positive for the economy overall and has led to strong consumer confidence.

    More analysis of this week’s news by Econoday’s Senior Economist Mark Rogers:

    Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

    Click to learn about getting access to Econoday’s economic reports on TradingScreen.

     
  • Mike T 11:02 on January 26, 2015 Permalink | Reply
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    TradingScreen’s Monday Morning Briefing 

    5614220391_e0ae08b26f_bKey Regulatory Developments:

    Litigation:

    Technology:

    Thought Leadership

     

     
  • Mike T 10:10 on January 23, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 01/23/15 

    These Hedge Funds May Be Plunging Oil’s Biggest Winners

    (Bloomberg News) – Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction.

    “We believe crude oil is going lower — much lower,” Schreiber, 42, told the audience of roughly 3,000 investors, including some of the biggest money managers in the industry. “If you are long, I’m sorry for you.” Then he showed a slide of a car stuffed with clowns.

    Crude was trading at $99 a barrel that day, bolstered by speculation that Russia’s annexation of Crimea and incursions into Ukraine would crimp shipments. Prices crept up over the next weeks peaking in June at $107. Then, as Schreiber predicted, the dive began.

    Oil fell more than 50 percent through the end of the year as global supplies piled up, helping Schreiber’s PointState Capital make about 27 percent for the year after fees. The New York-based investment firm’s profit was about $2 billion in 2014 with about half of that from the oil trade, according to people familiar with the matter, who asked not to be identified because the firm is private. (More …)

     
  • Mike T 13:02 on January 22, 2015 Permalink | Reply
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    Economic Analysis for this week 

    The consumer sector has been a bright spot for the economy, along with steady manufacturing, while retail sales plunged last month.  The CPI is declining as oil continues its downward spiral, causing an increase in discretionary income.  Multi-family and single-family housing starts are headed in opposite directions.

    More analysis of this week’s news by Econoday’s Senior Economist Mark Rogers:

    Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

    Click to learn about getting access to Econoday’s economic reports on TradingScreen.

     
  • Mike T 15:00 on January 21, 2015 Permalink | Reply
    Tags: college, , engineering, high school, prizes, ,   

    $50,000 “Dream It. Code It. Win It.” Student Coding Contest is Back 

    Dream it logoNEW YORK – January 21, 2015 –  TradingScreen Inc. and The MIT Enterprise Forum of New York are proud to announce the launch of the second annual award-winning “Dream it. Code it. Win it.” contest.  The student coding competition rewards and promotes creativity, diversity and literacy in the field of computer science.

    “Computer science skills are critical to the modern economy.  The innovation that is occurring in every field is directly tied to the breakthroughs made by the brilliant minds that are re-interpreting the discipline,” said CEO Philippe Buhannic of TradingScreen, which is sponsoring the Technology Entrepreneurship Award.  “‘Dream it. Code it. Win it.’ alters the prism through which computer science is viewed by illuminating what the study can offer and the limitless potential it possesses, and will encourage more students to enter the field.”

    Georgia Garinois-Melenikiotou, Executive Vice President of Corporate Marketing at Estée Lauder, who is sponsoring the women’s prize, said, “The gender gap in STEM is especially troubling as half of our population is being overlooked.  Women today make up a majority of college students, but they are severely underrepresented in the field.  The biggest problem facing women and engineering—and STEM in general—is getting more women into the pipeline. Resolving this problem requires us to transform some of the perceptions that remain embedded in our society.  That’s why competitions like this are so important.  Innovators have the power to do more than make our jobs easier.  They can change the way we think and eliminate preconceived notions that were once the norm. ”

    “Our country is facing a significant test with a shortage of STEM workers, which is projected to only get worse.  The competition illustrates the practicality of computer science by compelling students to think critically to solve problems that people encounter every day,” said Cristina Dolan, MIT EF Board Member and “Dream it. Code it. Win it.” Organizer.

    “Dream it. Code it. Win it.” is different from traditional competitions or hackathons, which focus on coding. The contest is judged on the quality of the problem being tackled as well as the solution.  The first “Dream it. Code it. Win it.” competition in 2014 achieved a 50% female participation rate and enabled four teams to launch their own companies.

    Mitchel Resnick, Professor of Learning Research at the MIT Media Lab and Chair of the Code-to-Learn Foundation, will serve on the panel. His Lifelong Kindergarten research group at the Media Lab collaborated with the LEGO Company on the Mindstorms and WeDo robotics kits. It developed the Scratch programming software and online community, where young people around the world have created and shared nearly 8 million interactive projects.

    Students attending accredited high schools and colleges will be able to compete for cash and prizes through an online submission until midnight on March 29th. The final awards ceremony will be hosted by The Cooper Union at the historic Great Hall in New York on the evening of April 30th.  Visit dreamitcodeitwinit.org for more information about submitting, sponsoring or attending the event.

    Media and Sponsor Contact:             

    FOR TRADINGSCREEN
    Cristina Dolan
    +1.212.359.4149
    Cristina.Dolan@TradingScreen.com


    About TradingScreen

    TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order- and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named the Best Fixed Income Trading Platform in 2014 by Wall Street Letter for the second consecutive year, in addition to winning numerous awards for best trading technology. TradingScreen provides global coverage from offices in Boston, Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com.

    About MIT Enterprise Forum of New York City
    MIT Enterprise Forum informs, connects, and coaches technology entrepreneurs—enabling them to rapidly transform their ideas into world-changing companies. We are a global network of local organizations, with over 25 global chapters, inspired by MIT, and open to the world. We are managed by MIT Technology Review, an independent global media company wholly owned by MIT.  (http://www.mitef.org)

     
  • Mike T 10:13 on January 20, 2015 Permalink | Reply
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    TradingScreen’s Special Tuesday Morning Briefing 

    5614220391_e0ae08b26f_bKey Regulatory Developments:

    Litigation:

    Technology:

    Thought Leadership:

     
  • Mike T 15:12 on January 16, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 01/16/15 

    Hedge Funds, Speculators Face Big Losses on Swiss Franc Rally

    (Reuters) – Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.

    The move sent the safe-haven franc soaring against the euro and the U.S. dollar at a time when more than $3.5 billion was betting on more franc weakness, the largest such position in more than a year and a half.

    The damage from the Swiss franc’s sharp moves comes as a blow for macro hedge fund managers nursing wounds from nearly four years of mediocre performance. Only days ago, the SNB termed the 1.20 francs per euro cap the cornerstone of its monetary policy. (More …)

     
  • Mike T 10:41 on January 14, 2015 Permalink | Reply
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    Economic Analysis – Week of January 14, 2015 

    The stock market fell after last week’s jobs report, as job gains dropped precipitously from November to December. Traders were displeased with the declining labor force participation rate, which has become an influential barometer for the market. Both doves and hawks at the Fed could point to data that supported their position, with a decrease in wages and job growth exceeding 250,000 for 4 straight months. However, at least two more FOMC meetings will likely take place before rates are gradually increased.

    More analysis of this week’s news by Econoday’s Senior Economist Mark Rogers:

    Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

    Click to learn about getting access to Econoday’s economic reports on TradingScreen.

     
  • Mike T 09:47 on January 12, 2015 Permalink | Reply
    Tags: , , , ,   

    TradingScreen’s Monday Morning Briefing 

    5614220391_e0ae08b26f_bKey Regulatory Developments:

    Litigation:

    Technology:

    Thought Leadership:

     
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