By Paul Sankey
Published on May 18, 2024 at 4:06 PM
Model Portfolio Launch: Genesis to Revelation “What is your top pick?” – standard buyside question. Not this meeting. This was one of the single largest portfolio managers (PM) in New York, and that’s the world. Running multiple US$10 billions of large cap equities. This PM wanted to hear a whole long-short portfolio. Name the longs; name the shorts. Having taken few notes in the casual conversation up to this point, suddenly their pen was scribbling. …
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By Paul Sankey
Published on May 13, 2024 at 4:08 PM
05/13/2024 13:43:08 *CHEVRON HITS SESSION LOW AFTER ISS SAYS ABSTAIN ON HESS VOTE 05/13/2024 14:38:37 *HESS INVESTOR HBK SAYS IT WILL ABSTAIN IN CHEVRON MERGER VOTE We were chatting to Hess at lunchtime, the company on a sellside ring-around presumably to drum up support for the upcoming May 28th shareholder vote on the CVX deal. One obvious niggling question at lunchtime today, was whether the shareholder vote services would recommend a vote for the deal, …
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By Paul Sankey
Published on May 5, 2024 at 6:51 PM
Well personally, I feel like I got run over by Fed Chair Jay Powell last week, because I expected him to be hawkish, but he was dovish, simple as that. Guess there’s enough evidence of economic slowdown, for him to think that interest cuts are coming. CNBC May 1st 2024: Federal Reserve Chair Jerome Powell said it was unlikely that the central bank’s next move will be a rate hike. The comment spurred a rally …
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