Man Group: Hedge fund racks up billions in performance losses Investing Assets at hedge fund Man Group dropped by $5.6bn (£4.2bn) in the first two weeks of April as market volatility hit the asset manager’s strategies. While assets under management at Man Group jumped from $168.6bn (£127.6bn) to $172.6bn (£130.6bn) in the first three months of the year, they then fell sharply to $167bn (£126.4bn) in [...]
UK asset managers brace for challenging quarterly results amid market crash Investing UK asset managers are bracing for their quarterly results as the fund houses suffer double-digit drops in their share prices since Trump’s tariff regime caused markets to dive. While most UK asset managers have suffered a persistent trend of investors pulling money in favour of low-cost index funds, the firms have been able to rely [...]
US dollar shifting towards ‘risky’ currency status, analysts warn Investing The US dollar is going through “a possible regime shift” that could leave it as a “risky” currency going forward, UBS analysts have warned. Even as volatility in financial markets has soared as a result of president Trump’s ever-changing tariff regime, the dollar has been sinking quickly, with the DXY index dropping four per cent [...]
ASML and Nvidia tumble amid US trade tensions April 16, 2025 ASML and Nvidia both took a hit in the markets, falling sharply due to rising concerns about US-China trade tensions and their potential impact on the semiconductor industry. ASML, a critical player in chip manufacturing equipment, dropped 6.5 per cent, while Nvidia saw a 6.3 per cent after hours on Tuesday. The Dutch chip equipment [...]
S&P 500 slumps on open as Treasury yields remain elevated April 10, 2025 US markets have opened down after digesting the implications of Donald Trump’s 90-day pause on his sweeping tariffs. The Nasdaq opened down 2.7 per cent, while the Dow Jones fell 1.9 per cent and the S&P 500 opened 2.3 per cent down. Meanwhile, US Treasury yields have remained elevated, with the 30-year US Treasury sitting [...]
Deutsche Bank: The market has ‘lost faith’ in US assets April 9, 2025 A “remarkable” sell-off in the dollar and US Treasuries suggests global markets have lost faith in American assets, and risks sparking an “outright financial war” that could force the Federal Reserve into another round of quantitative easing, Deutsche Bank’s top FX analyst has warned. In a wide-ranging note on Wednesday, George Saravelos said that the [...]
City broker downgrades outlook for luxury stocks LVMH, Burberry and Richemont April 9, 2025 City broker Deutsche Bank has downgraded the target share price for a host of luxury companies as the impact of Trump’s tariffs starts to filter through analyst forecasts. The broker rated Richemont, LVMH, Moncler and Kering a ‘Hold’, downgrading the share price for each company. “The direct impact of the tariffs is not a huge [...]
US bond market on the verge of ‘meltdown’ as Treasury yields spike April 9, 2025 US government bonds have entered a “meltdown” as long-yield Treasuries briefly reached over five per cent last night amid market panic over Donald Trump’s tariffs. US 30-year Treasury yields spiked briefly above five per cent last night, before settling at 4.9 per cent, up from 4.45 per cent before Trump unveiled his tariffs. The last [...]
Reeves held responsible as marginal growth expected April 8, 2025 Chancellor Rachel Reeves has had to watch the UK economy trudge along since she took up residence at 11 Downing Street. But even more bad news has been forecast to come before another lot this summer, and potentially no better news later this year. This Friday, the Office for National Statistics (ONS) is poised to [...]
FTSE 100 plunges as S&P 500 set to slump April 3, 2025 The FTSE 100 opened 1.4 per cent lower this morning as the UK was spared the worst of the economic impact from US president Donald Trump’s sweeping tariff regime. UK markets have been hit after the country was hit by a sweeping 10 per cent tariff on exports to the US from next week, along [...]