Investing and Global Finance News

Category Archives: News

New Asian Hedge Funds

While the beginning of 2017 did not look all that good for the emergence of new hedge funds in Asia, the tables seem to be substantially turning.  One of the ways in which they are doing this according to a recent Bloomberg article, is by “striking out on their own.” Examples of this action include: Moore Capital Management, Millennium Management and Soros Fund Management.

An individual who has made it in startups in China is also launching his own hedge fund.  Using $100 million of his own money, Qian Yongqiang who has been successful in tech start ups and Chinese education is now established QQQ Capital Fund.  Based in Singapore, the firm will begin trading in April as a long-short fund in education, technology and tourism.  The annul return being targeted is 15 percent.  at the age of 21, Qian was the co-founder of New Oriental Education & Technology Group Inc. which today has a market capitalization of $14.7 billion.

According to Global Co-Head of Prime Finance and EMEA Head of Equity Trading at Deutsche Bank, Ashley Wilson:

“Investors appear more optimistic in their outlook for Europe and Asia. Our [Deutsche Bank’s 16th annual Alternative Investment] Survey indicates that investor interest in European hedge funds has more than doubled year on year and that thirty per cent of respondents are planning to add exposure to Asia. These regions provide more alpha opportunities across multiple countries with diverse market structures.”

Hedge Fund Pushes Back on Fox-Disney Deal

Walt Disney recently announced a takeover of 21st Century Fox, and a hedge fund with a small stake in Sky has taken issue with the transaction. According to their claim, minority shareholders in the UK-based broadcaster will be hit with a large fee as a result, unless the regulator steps in. The Takeover Panel is… Continue Reading

Adidas Leading Sportswear Industry with Significant Yearly Growth

Adidas recently revealed a 31% increase in yearly sales in North America, while its competitors have reported losses of up to 3%.  According to Nike and Under Armour, the athletic market is becoming more difficult to navigate, but Adidas’ gains indicate that that isn’t the case. Mark King, head of Adidas North America, explained that… Continue Reading

Staying Up To Date on Environmental Issues

It’s always important to stay up to date with environmental issues in the area in which you live. One of these issues is about landfills and how people are taking care of potentially threatening issues with them. In a recent opinion piece in the St. Louis Post-Dispatch, Missouri State Senator Bill Eigel wrote a thought-provoking… Continue Reading

General Motors Going All-Electric

As the transportation and auto industry evolves, many manufacturers are working to remain competitive. In a dramatic move, General Motors recently revealed its plans to shift into all-electric cars by 2023. Over the years they will launch at least 20 cars, both battery-electric and fuel-cell-electric vehicles. “General Motors believes the future is all electric,” said… Continue Reading

Insurers Grapple with Economic Costs of Cyber Attacks

Lloyd’s of London partnered with risk-modeling firm Cyence to publish a report examining the potential economic losses which would be incurred from a major hack of a cloud service provider or a cyber-attack on computer operating systems which are used by business across the planet. The report estimated that a major, global cyber-attack could result… Continue Reading

Nestle Considering Sale of Its US Chocolate Arm

The new head of Nestle SA, Mark Schneider, is considering selling its US chocolate division due to sluggish sales and a move toward faster-growing businesses like health care and coffee. Schneider became the CEO of the Swiss-based corporation in 2016 after working for many years in pharmaceuticals and medical products. The US division is had… Continue Reading