Tuesday afternoon briefing – October 15, 2019
Hedge funds are moving away from oil. More companies raising private money. U.S. venture capital slowed in the third quarter. And much more in this week’s briefing.
Economic/industry news
U.S. inflation rate steady in September: US consumer prices were unchanged in September, the weakest reading since January
The Canadian unemployment rate fell in September: Canada’s job market produces another surprise gain in September
Progress was made on a U.S.-China trade deal: U.S., China reach partial trade deal, boosting market back near-record highs
The Fed will buy short-term T-bills: Fed to buy Treasury bills in effort to control lending rates
Interest in money markets rising: Investors are flocking to money markets at the highest rate since the financial crisis
A look at EBITDA for private companies: Why EBITDA is just BS
More companies raising private money: The changing landscape of public and private equity investing
New indexes to track megatrends: MSCI launches megatrends indexes
News and notes (U.S.)
Hedge fund industry returns declined 0.11% in September: Hedge funds see two consecutive months of negative returns, says eVestment
Hedge funds moving away from oil: Column: Hedge funds turn bearish on oil as economy slows
Add-ons a growing portion of U.S. PE buyouts: This year could set another record for US PE add-on activity
Retirement portfolios can benefit from private equity: Private equity a must for retirement portfolios, Panel Argues
A new asset class?: The hot new alternative investment: Lego?
Stephen Schwarzman comments on job loss study: Stephen Schwarzman on the key ‘flaw’ in the private equity job loss study
U.S. venture capital slowed in the third quarter: Venture Capital – Unicorn blood on the street
Fidelity offers free trading: Fidelity joins price war with zero commissions
News and notes (Canada)
The impact of fund-of-funds on the ETF industry: How fund-of-funds could be puffing up Canada’s ETF industry
VC investment in Canada continues to rise: Canadian VC investment hits record in Q3
Advisors satisfied with their brokerages: Where the industry is succeeding, and falling short
A look back at Canada’s first year of legalized marijuana: The good, the bad and the ugly from Canada’s first year of legal pot
On the pulse – New frontiers in fintech
A look at what’s ahead for fintech: What’s next for fintech growth?
Customers are concerned about using voice-assisted technology for bank transactions: Insurers and banks face battle to overcome security fears over voice-assisted tech
Consolidation in fintech expected to continue: More fintech consolidation expected after Broadridge’s Fi360 purchase
How to improve onboarding: Two ways to quickly elevate your financial institution’s onboarding
Companies start abandoning the Libra project: Facebook’s Libra loses Mastercard, Visa in cascade of exits
An in-depth look at the term “challenger”: What does the term ‘challenger’ really mean?
Digital asset firms must comply with AML rules: Digital assets face anti-money laundering rules too
Another bitcoin ETF rejection: SEC rejects Bitwise Bitcoin ETF
RBC looking to help address climate change: RBC backs AI-based climate change research
High-net-worth topics
The high-net-worth are looking to protect their wealth: Long-term planning can help allay Canadian investors’ concerns for the future
A look at how the high-net-worth are investing: Tiger 21 Founder addresses macroeconomic concerns for high-net-worth investors on CNBC Europe
Polls & surveys – What financials are saying
Many investors see a recession ahead for the U.S. economy (E-Trade): Bearish investors say US economy has peaked: E-Trade survey
Canadians are looking for retirement help (HOOPP): 80% of Canadians would take pension over salary hike: Poll
Those working with an advisor feel more prepared for a recession (CFP): Advisors instill confidence in face of recession