Market's Vaccine Euphoria Was Bad News for Momentum Funds
An abrupt reversal in many of this year's most-persistent market trends has hurt a cluster of computer-driven funds.
Canadian-Danish Group Strikes $9.6 Billion Deal for U.K. Insurer RSA
The consortium agreed to buy RSA Insurance Group for GBP7.2 billion, equivalent to $9.6 billion, in a deal that would rank it among the biggest acquisitions of a British company so far this year.
The Man at the Center of Wirecard's Deal Machine
Henry O'Sullivan, an outside adviser, was paid on 10 Wirecard deals, some of which are the focus of investigators trying to unravel the company's collapse
Possible Biden Appointee to Retire as CEO of TIAA
Roger Ferguson, TIAA's long-serving chief executive and one of Wall Street's most-prominent Black executives, has emerged as a top contender for a cabinet role in the Biden administration.
BOJ Gov Kuroda: Will Continue to Buy ETFs for Time Being
Bank of Japan Gov. Haruhiko Kuroda said Wednesday that the central bank would continue to buy exchange-traded stock funds for now to keep the markets stable amid the pandemic.
Deutsche Boerse to Buy Stake in ISS
Deutsche Boerse has agreed to buy a roughly 80% stake in Institutional Shareholder Services, in a deal that values the proxy-advisory firm at $2.275 billion.
Union Square Ventures Plans its First Climate Tech Fund
Union Square Ventures is raising its first climate-tech focused venture fund, according to people familiar with the situation. The move is an indication that climate tech is gaining new support in the venture industry after largely falling out of favor about a decade ago.
Falling 'Real' Yields Drive Investors to Junk Bonds
Investors are pointing to one key factor lurking beneath a recent rally in U.S. speculative-grade bonds: falling real yields, which are driving those in search of higher returns to the high-yield market.
China's Future Capital Raises $187 Million Fund to Expand Firm's Tech Investments
China's Future Capital Discovery Fund said it closed its fourth and largest fund, raising $187 million from global investors entirely from virtual roadshows amid deepening consolidation in the country's venture-capital industry.
SEC Looks to Tighten Up on Chinese Firms
Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators.
(END) Dow Jones Newswires
11-18-20 0715ET