DIRS.INFO The most relevant business & tech news

☆ Flowers, socks and sparkling wine: Queen Camilla reveals some of her favorite brands
▼ + stars: | 2024-05-16 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

Royal warrants act as a stamp of approval to indicate the preferred goods and services used by the royal household and senior members of the royal family. The use of royal warrants can be traced back to medieval times when Henry II first granted a Royal Charter to the Weavers’ Company, according to the Royal Warrants Holders Association. In the 15th century, the first official royal warrants were granted, including to the King’s printer, William Caxton. A window display at Fortnum and Mason celebrates the coronation of King Charles III on April 29, 2023 in London, England. “It seems quite clear that if there are any [Environmental, Social and Governance] problems with the company, they will not get a royal warrant,” he said.

Persons: Camilla, Shane Connolly, Mason, King Charles III, Prince of Wales, Charles, Henry II, William Caxton, David Haigh, ”, Chris J Ratcliffe, Haigh, Bob Lindo, ” Haigh, Tom Athron Organizations: CNN’s Royal, London CNN, Charter, Weavers ’, Royal, Parliament, Brand, CNN, Corgi, Fortnum, Social Locations: London, England, America, East, China, Camel, Cornwall

☆ Exclusive: Hedge fund Caxton wins on bond rout to claw back performance losses - sources
▼ + stars: | 2023-11-03 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

They added that the fund had about a negative 2% performance for the year to the end of October. The CGI fund, at the end of June had been down about 8%, added one of the sources. The CGI fund did well from a view that the Bank of Japan would ease its ultra-loose monetary policy, said two of the sources. They also said short bets that bond prices would fall, as well as bets the U.S. Treasury yield curve would steepen were some of the top earners for the fund. Caxton's CGI fund also profited from the difference between Japanese and U.S. stock prices, the sources said, adding that losses on commodities bets in gold and a yen hedge detracted from performance.

Persons: Dado Ruvic, Andrew Law's, Caxton, Jerome Powell, Bruce Kovner, Nell Mackenzie, Carolina Mandl, Svea Herbst Bayliss, Maiya, Dhara Ranasinghe, Kirsten Donovan, David Evans Organizations: REUTERS, Caxton Associates, Caxton Global Investments, Bank of Japan, Treasury, Federal Reserve, Thomson

☆ Australia Women's World Cup: After Barbie, the Matildas became the new heroes in cleats
▼ + stars: | 2023-08-10 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +9 min

But now, seemingly in the blink of an eye, we’re all wearing green and gold for our newest heroes, Australia’s Women’s World Cup hopefuls, the Matildas. Sam Kerr takes the ball during a FIFA World Cup 2023 round of 16 match between Australia and Denmark at Stadium Australia on August 7. “A lot of people just frankly don’t want to believe women’s sport is doing well,” Lassey told CNN. Football Australia said part of the rationale for bringing the Women’s World Cup to Australia was to use it to grow the women’s game – backed by a 357 million Australian dollar ($232 million) FIFA legacy fund. Argus says the World Cup is a turning point for women’s sport because the turnout and viewing numbers have proven that there’s an enthusiastic audience.

Persons: Barbie, Margot Robbie, Greta Gerwig, Australia’s, they’ve, Sam Kerr, Mary Fowler, Caitlin Foord, Hayley Raso, Daniela Porcelli, “, ”, Jackie Schougaard, Alfred Hotel, “ Everyone’s, It’s, Jason Lassey, –, ” Lassey, Matildas, —, “ I’m, Hannah Mckay, Bruce McAvaney, I’m, Maddie Meyer, Kevin Argus, ” Argus, we’ve, Lassey, We’re, Robbie, Gerwig, Barbie ”, ” Gerwig Organizations: Australia CNN, Neighbours, Hollywood, Chelsea, FIFA, Stadium Australia, France, Brisbane, Caxton, Footy Industry, –, AFL, Australian Football League, CNN, Denmark, Sydney, Football Australia, team, Royal Melbourne Institute of Technology, RMIT, Socceroos, ”, “, Australian Broadcasting Corporation Locations: Brisbane, Australia, Denmark, Melbourne

☆ As rivals surged in 2022, ExodusPoint shed assets and employees amid mixed performance. It reshuffled its business in November.
▼ + stars: | 2023-02-02 | by ( Alex Morrell | ) www.businessinsider.com time to read: +8 min

a hedge fund recruiter said, commenting on the calculus for hedge fund investors. At the end of 2021, the fund's exposure had been evenly split between fixed-income and equities, according to the investor documents. In all, more than 60 portfolio managers departed or were let go in 2022, according to the investor documents and people close to the matter. After the shakeup, ExodusPoint's income stream is now even more reliant on fixed-income trading — and that may not be such a bad thing. "The fixed income piece is doing incredibly well," another hedge fund recruiter said.

☆ Top hedge funds earned sharply less for clients in 2022, LCH data shows
▼ + stars: | 2023-01-23 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Jan 23 (Reuters) - The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their slimmest gains since 2016 as many firms, including Tiger Global Management, struggled with slumping financial markets, LCH Investments data show. The top 20 managers, led by Ken Griffin's Citadel, Bridgewater Associates and D.E. Overall, hedge funds lost $208 billion in 2022 for clients, marking the biggest single-year decline since 2008, when they lost $565 billion, LCH data showed. Hedge funds, which were jointly managing $3.3 trillion on Dec. 31, 2022, according to eVestment data, often promise to outperform, especially when markets are stumbling. Shaw, Millennium Management, Soros Fund Management, Elliott Management, and Viking Global Investors also ranked in the top 10.

☆ Macro hedge funds end 2022 on high, many others lose big, investors say
▼ + stars: | 2023-01-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Rokos Capital, run by Chris Rokos and one of a handful of so-called global macro firms, gained 51% last year. Many macro managers sidestepped tumbling equity markets rocked by fast-paced interest rate hikes and geopolitical turmoil including the war in Ukraine to rank among the hedge fund industry's best performers, data from Hedge Fund Research show. The firm's macro index gained 14.2% while the overall hedge fund index dropped 4.25%, its first loss since 2018. Equity hedge funds, where the bulk of the industry's roughly $3.7 trillion in assets are invested, however fared worse with a 10.4% loss, according to HFR data. Tiger Global Management lost 56% while Whale Rock Capital Management ended the year with a 43% loss and Maverick Capital lost 23%.

☆ Sterling rises but gloomy economic outlook remains in focus
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

At 1000 GMT, the pound was up 0.61% against the dollar at $1.14405, and 0.35% higher versus the euro at 87.260 pence per euro. But analysts remain gloomy about the prospects for the currency given the economic outlook. "The combination of a highly concerning economic outlook and a forced dovish repricing in rate expectations look set to keep the pound rather unattractive," ING analysts wrote in a note. Quarterly GDP growth figures on Friday will also provide an important signal for the state of the UK economy. Reporting by Lucy Raitano; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling hits six-week high as Sunak mulls delay to Oct. 31 budget plan
▼ + stars: | 2022-10-26 | by ( Lucy Raitano | ) www.reuters.com time to read: +3 min

LONDON, Oct 26 (Reuters) - Sterling soared to six-week highs on Wednesday, as Britain's new Prime Minister Rishi Sunak holds his first cabinet meeting amid reports he could delay the announcement of a plan to repair the country's public finances. Sunak took power on Tuesday with a promise to fix the mistakes of his predecessor and stabilise the economy, warning Britain faced a "profound economic crisis". Foreign minister James Cleverly said on Wednesday the government's fiscal plan, scheduled for Oct. 31 and hotly anticipated by markets, could be delayed, suggesting a little more time might be needed to spell out the details. The pound was last up 1.16% against the dollar at $1.1601, and was 0.41% higher versus the euro at 86.500 pence per euro. "Things are certainly starting to look a lot more constructive for the pound," said Michael Brown, head of market intelligence at Caxton.

☆ VIEW Rishi Sunak to become Britain's new PM, UK markets rally
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +8 min

LONDON, Oct 24 (Reuters) - Former British finance minister Rishi Sunak will be Britain's next prime minister after his rivals quit the race, which analysts said had relieved some of the nervousness around the outlook for the UK economy, boosting domestic markets. The new Prime Minister needs to confirm their leadership team as soon as possible and provide clarity on their strategy for stabilising the economy and their policy priorities. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK:"Coming to a very rapid decision on who the prime minister is going be certainly breathes a sigh of relief into the markets. RUTH GREGORY, SENIOR UK ECONOMIST, CAPITAL ECONOMICS, LONDON:"The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. With the pound, just because we have a new Prime Minister in place, all of the issues don't just go away and we still have remarkable strength being enjoyed by the dollar."

☆ Dollar edges up but gains in check as risk appetite rebounds
▼ + stars: | 2022-10-18 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

"Yesterday's risk-on vibe looks to be continuing into today's session," said Michael Brown, head of market intelligence at payments firm Caxton in London. U.S. stock market gains were also driven by strong corporate earnings from Goldman Sachs (GS.N) and Johnson & Johnson (JNJ.N). Against a basket of currencies, the dollar was 0.05% higher at 112.13, after having earlier slipped to a near two-week low of 111.76. The risk-sensitive New Zealand dollar rose about 0.71% to $0.5676, taking support from hotter-than-expected consumer inflation data which bolstered bets for further rate hikes. Bitcoin was 0.4% lower at $19,440.17, clinging close to the levels it has traded at for the last four weeks.

☆ British pound and gilts soar after Hunt rolls back tax cuts
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +9 min

Jeremy Hunt on Friday replaced Kwasi Kwarteng, who Prime Minister Liz Truss sacked following the so-called "mini-budget" on Sept. 23 that sent UK assets sliding. Hunt on Monday announced a series of tax changes that he said would raise 32 billion pounds ($36.19 billion) a year in extra revenues. STERLING: The pound rose against the dollar and the euro, gaining 1.1% and 0.7%, respectively , . So the UK is not the outlier when it comes to its monetary policy and its fiscal policy. STUART COLE, HEAD MACRO ECONOMIST, EQUITI CAPITAL, LONDON:"I think it would be a brave person to be buying sterling quite yet.

☆ Sterling choppy as BoE sends mixed messages
▼ + stars: | 2022-10-12 | by ( Samuel Indyk | ) www.reuters.com time to read: +3 min

By 0746 GMT, the British pound was up 0.1% against the dollar to $1.0969, snapping five days of losses. Until the market gets that I think any Sterling rallies are ripe to be sold into," Brown added. "Further rises in Bank Rate are warranted," Lloyds Bank senior economist Hann-Ju Ho said in a note, even as he expects the economy to contract in the third quarter. Looking ahead, the BoE's Financial Policy Committee is scheduled to publish its latest financial policy summary and record at 0930 GMT. Meanwhile, BoE policy makers Jonathan Haskel (0800 GMT), Huw Pill (1135 GMT) and Catherine Mann (1700 GMT) are all scheduled to speak later in the day.

☆ Europe's STOXX 600 climbs 1% after three-day selloff; Nexi shines
▼ + stars: | 2022-09-27 | by ( Devik Jain | ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2022. The continent-wide index (.STOXX) was up 1.2%. Goldman Sachs expects the European Central Bank to hike rates by 75 basis points at its next two meetings, Bloomberg News reported. The STOXX 600 dropped 5.2% so far this month, set for its second straight monthly loss, as Europe grapples with energy and the cost-of-living crises amid the Russia-Ukraine war hampering gas flows, and hawkish central bank moves. read moreHugo Boss AG (BOSSn.DE) slipped 0.8% after Deutsche Bank downgraded the German fashion house's stock to "hold", citing "fading tailwinds".

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. Deutsche Bank's Currency Volatility Index – the historical volatility index of the major G7 currencies - jumped to a two-and-a-half year high of 13.55 on Monday. While Sterling and the yen have fared extremely poorly against the dollar, the greenback's meteoric rise has spared no major currency. Reuters GraphicsMoves have surprised long-time currency traders and investors. "Our team is working around the clock from multiple global locations," said Kamboj, adding he is not trading sterling because the pound's direction now depends entirely on how the Bank of England reacts.

☆ Reactions: Britain's finance minister unveils "mini budget"
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +5 min

Britain's blue-chip stocks (.FTSE)remained mired in the red, in line with a broader equity-market decline. FOREX: Sterling extended losses, falling 1.9% on the day to around $1.1047, having hit a new 37-year low earlier on. British homebuilders and household goods makers hit session highs, buoyed by the prospect of consumers getting tax breaks. The tax-cutting budget and ‘go for broke’ growth aims are unlikely to change the longer-term bearish GBP trend." If you get more fiscal stimulus and less monetary stimulus, that’s something that’s buoyant for the currency.

Search resuls for: "Caxton"

15 mentions found