Global equity funds record first outflows in five weeks amid rising U.S. yields
Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S. Treasury yields and investor caution ahead of a crucial U.S. inflation report, which may provide insights into the future direction of U.S. interest rates. According to Lipper data, global equity funds registered $4.9 […]
Starboard Value buys $500M stake in Autodesk, urges operational changes – WSJ
Activist investor Starboard Value has acquired a stake of approximately $500 million in design-software manufacturer Autodesk Inc (NASDAQ:ADSK) and is now advocating for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express their concerns and suggest changes, including enhancing its margins, […]
Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce
As Roaring Kitty continues to watch his favorite GameStop shares swing wildly, he might be contemplating what to do with his massive options position that is approaching expiration. The meme stock champion, whose real name is Keith Gill, has so far held onto his positions of 5 million GameStop common shares and 120,000 call options, according to […]
Private equity deal drought overshadows annual meet up for second year
Advisers and investors congregated at the annual SuperReturn conference in Berlin this week as a still struggling private equity market cast a shadow over the meeting for a second year, although there were flashes of optimism among the attendees. At a long row of streetside alpine huts where an overflow of the globe’s top deal […]