1102 days ago
Ark Invest managed to hang on to net inflows for the month, even thought they are going through one of their worst month in a while. The funds did take a beating, but many analysts argue that they should heal.
1102 days ago
Interest in tech and thematic ETFs has diminished, but US investors are still eager for risk, as 93% of inflows are directed towards equities. Bonds are back on the scene but attract little interest still.
1102 days ago
The Zurich based lender shares slides 10% at the market open, as they admitted having suffered significant losses following the recent hedge fund hit. The Swiss bank is having a rough 18 months, as it recently announced a shake up of their asset management unit as a well as a suspension of bonuses to counter the Greensill Capital damage. CEO Tidjane Thiam was also forced to resign following a spying scandal.
1102 days ago
Viacom CBS's stock price started to fall last week when the company announced they would issue $3 billion in a new stock offering. It was also downgraded by Well Fargo. What’s changed is Viacom went from a net short position where there was a squeeze, and not a lot of stock available, and then the company issued a lot of new stock, lowering their individual value.
