Hedge funds struggle against equities as investors look for stability rather than outsized returns January 24, 2017 Hedge funds struggled to keep pace with equity markets over the course of 2016, with an average return significantly lower than benchmark indices. Average hedge fund returns for 2016 hit 7.4 per cent over the course of 2016, according to data from Preqin and the Alternative Investment Management Association (Aima). That performance was the highest [...]
Sterling pushed higher by dollar weakness as Donald Trump fails to reassure investors January 23, 2017 The pound has risen to a one-month high against the dollar as traders failed to be reassured by US President Donald Trump’s inauguration speech. On Monday he pulled the US out of the major Trans-Pacific Partnership (TPP) trade deal with multiple Pacific-rim countries. The pound rose by almost one per cent in intraday trading on Monday. [...]
Gold hits a two-month high following Donald Trump’s inauguration on Friday January 23, 2017 Gold rallied to hit a two-month high this morning as the dollar faltered following US President Donald Trump's inauguration Friday evening. Gold, which is seen as a safe haven asset, reached as high as $1,218 as uncertainty surrounding Trump's economic policies continued. However, the yellow metal has fallen short of breaking $1,220 for the second time in a week now, [...]
Startup taking the hassle out of mortgages, Habito, has landed millions in new funding January 23, 2017 A property technology startup which helps find homebuyers the best deal on their mortgage online via a chatbot has raised a new multi-million pound round of funding to support its growth, City A.M can exclusively reveal. Habito, already backed by seed capital from the entrepreneurs behind Transferwise and Funding Circle, has landed a further £5.5m of cash led by [...]
Tullett Prebon and Singapore Exchange team up to launch LNG spot index for Dubai, Kuwait and India January 23, 2017 Interdealer broker Tullett Prebon has teamed up with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian liquefied natural gas (LNG) markets. Due to be launched in the second quarter of this year, the new index is expected to provide a reference price for LNG delivery to key ports in Dubai, Kuwait and India [...]
The clock is ticking on Spotify’s IPO January 22, 2017 The clock is ticking for Europe's most highly anticipated IPO as it creeps towards a crucial date in the financial calendar of the company. Spotify, the region's most highly funded tech startup, is approaching the deadline of a $1bn debt financing deal inked last year that will see the costs increase and a share of the compnay given [...]
US dollar edges up as commenter in chief Donald Trump prepares for office January 20, 2017 The US dollar has rallied ahead of the inauguration of Donald Trump, contributing to weakness in sterling and the euro. Bond yields on US Treasuries also rose. The dollar index against a basket of other currencies rose as much as 0.6 per cent from its low point at the start of European trading. The pound [...]
What Trump’s presidential inauguration means for the US Dollar January 20, 2017 Thanks to the Federal Reserve's Janet Yellen confirming that US rates are going up, the Greenback was the best performing currency on Wednesday, netting half a cent against sterling. She was unremittingly upbeat about the US economy, saying it was "near maximum employment and inflation is moving toward our goal". That being the case, the [...]
The honeymoon will soon end for Donald Trump and markets’ unbridled optimism will follow it January 20, 2017 American Presidents enjoy a honeymoon period. It begins with their victory speech and ends a few weeks after their inauguration. It is hard to imagine much of a grace period for a personality as incendiary as Donald Trump, who is inaugurated today, or that investors' euphoria towards his economic policies can last. The Trump trade [...]
Diplomats rush drilling rights agreement before Donald dunks the “doughnut” deal January 19, 2017 Twenty-four hours to go and the United States, Mexico and Cuba need to decide what to do with the “Doughnut hole” –an area in the Gulf of Mexico where technically they all share the right to drill for oil. Three diplomatic figures familiar with issue told Reuters there was a race to jam an agreement in [...]
