BOSTON (Reuters) – D.E. Shaw’s Orienteer platform, the backbone of the $50 billion investment firm’s multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime. The Orienteer platform’s HV variant gained 41.3% through November while the main Orienteer strategy gained 25.8% during the Continue Reading
Year
AT&T to add directors, sell up to $10 billion in assets next year
(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management. The second-largest Continue Reading
Einhorn’s Greenlight Capital up 18.7% for year: source
BEVERLY HILLS, Calif. (Reuters) – Hedge fund manager David Einhorn, whose hedge fund Greenlight Capital suffered double digit losses, is up nearly 19 percent in the first four months of 2019, a person familiar with the numbers said on Tuesday. Greenlight gained 6.6 percent in April and is up 18.7 Continue Reading
Reddit US ad revenues could top $100M this year amid added focus on ad products
Over the past year, social community site Reddit has aggressively rolled out improvements to its ad offerings — introducing native promoted posts in its mobile apps, native autoplay video ads, calls to action in ads, performance-based ad units and app install ads. Now, new figures from eMarketer indicate the efforts are Continue Reading
Equity funds see biggest weekly inflows in a year: BAML
LONDON (Reuters) – Investors plowed $14.2 billion into global equity funds this week, the largest amount in a year as investors jumped on to 2019’s stock market rally, Bank of America Merrill Lynch said on Friday, citing flow data provider EPFR. An index of global stocks is up more than Continue Reading
Worst start to year for equity flows since 2008: BAML
LONDON (Reuters) – A $10 billion wipeout over the last week has compounded the worst start to a year for equity flows since 2008, Bank of America Merrill Lynch strategists said on Friday. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March Continue Reading
Year in review: Our top 9 experimentation articles and news of 2018
2018 was a year of rapid change for many organizations. That’s because experimentation is becoming an essential business practice. Over the course of the year, we witnessed organizations go from stage one to stage three on our experimentation maturity scale in just a few short months. Once they had buy-in Continue Reading