Quant-Focused Renaissance Technologies Sees $15B In Outflows
Although quant-focused hedge fund Renaissance Technologies saw double-digit returns last year, it also experienced almost $15 million in outflows over the past 14 months. Renaissance is a $100 million powerhouse due to its overperforming Medallion fund, which is open exclusively to current and former company employees...
J.P. Morgan Converts $10B In Mutual Funds To ETFs
Finance heavyweight J.P. Morgan is jumping headlong into the exchange-traded fund (ETF) space, to the tune of nearly $10 billion. The firm is due to commence its conversion of four of its mutual funds to ETFs in April...
ETFs Drive BlackRock To Reach Record $10 Trillion In Assets.
Thanks to a boom of fourth-quarter flows into its exchange-traded funds (ETF), multinational investment management firm BlackRock has become the first public asset manager to reach the milestone of $10 trillion in assets. The record-breaking three months at the tail end of 2021 saw investors put a net $104 billion in Blackrock's ETFs...
Bridgewater Names New Co-CEOs As David McCormack Steps Down To Pursue...
Bridgewater, the investment firm founded by billionaire innovator Ray Dalio, is returning to its previous dual-chief-executive business model as current CEO David McCormick pursues political office in Pennsylvania. While McCormick prepares for a campaign for Pennsylvania state Senator, Bridgewater has named Nir Bar Dea...
Gold And Related ETFs Experience Biggest Loss In Years Amid Record...
Despite ending the year with a modest gain, in 2021 gold experienced the steepest year-over-year drop since 2015, signaling a lack of interest by investors amid the largest inflationary rise in nearly 40 years. Data from the world's biggest gold-backed ETF, SPDR Gold Shares (GLD), reflected the trend with its largest outflow in a decade...
Defiance ETFs Defies Norms, Issues NFT ETF
New York-based Defiance ETFs became the first ETF issuer to offer exposure to the emerging market of non-fungible tokens (NFTs) at the tail end of 2021. The Defiance Digital Revolution ETF (NFTZ) listed on New York Stock Exchange on December 2 with a total expense ratio (TER) of 0.65%...
Hedge Funds Go Against Grain, Bet On Steepening Yield Curve
The Federal Reserve’s recent pivot towards a more aggressive strategy to fight elevated inflation has flattened the yield curve, which indicates that some investors anticipate the US central bank’s policy tightening could eventually hinder longer-term economic growth. However, some hedge funds are betting that pricing in the bond market that reflects pessimism about the US economy will not last...
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