According to the data of HFR, published by the Financial Times, last year, only 561 new hedge funds were launched to the world market, the lowest amount in 18 years. The report notes that the number of new hedge funds has been decreasing annually since 2011. Investors last year counted on profits from hedge funds at the level of 7.2%, but received a disappointing figure of 1.6%. Only 13% of investors who participated in the survey of the Deutsche Bank were able to reach the expected results for 2018. HFR also reported that last year the number of closed hedge funds fell by 16% to 659 funds.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...