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Tuesday afternoon briefing – October 15, 2019

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

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