Investments
Unemployment Claims Fall, But Pandemic Continues To Bite
The COVID pandemic continues to cause high unemployment claims, although they ticked down modestly last week. According to the Labor Department, jobless claims for the week that ended Jan. 16 amounted to 900,000, which is slightly better than the consensus 925,000. Q4 2020 hedge fund letters, conferences and more The previous week, the Labor Department […]
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Read MorePillar Capital’s ILS assets grow 39% in 2020, reaching $2.4bn
Pillar Capital Management Limited, a Bermuda headquartered specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has continued to have fund raising success through 2020, lifting its ILS assets managed by 39% to reach $2.4 billion as of the start of 2021. Pillar Capital Management Limited, a Bermuda headquartered specialist collateralized reinsurance and insurance-linked securities…
Read MoreWill Biden Inaugurate Gold’s Rally?
The price of gold increased on Inauguration Day, arousing investors’ hopes for a new bullish phase. Q4 2020 hedge fund letters, conferences and more Gold Price Increased On Inauguration Day Ladies and gentlemen, it’s official now – Joe Biden and Kamala Harris have been sworn in as the President and Vice-President of the United States, […]
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Read MoreNow that Biden is in, Amazon will help with COVID vaccination
Amazon has offered to help with COVID vaccination efforts. Interestingly, the company waited until after President Joe Biden was inaugurated instead of helping out while Donald Trump was still in office. It’s very telling when a company will stand by and watch its native country struggle because its management doesn’t like the president. Q4 2020 […]
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Read MoreEinhorn: Tesla Short Was Biggest Loser Of Year [2020 Letter]
David Einhorn’s 2020 letter to investors The Greenlight Capital funds (the “Partnerships”) returned 5.2%1 in 2020 compared to 18.4% for the S&P 500 index. Since its inception in May 1996, Greenlight Capital, L.P. has returned 1,683% cumulatively or 12.4% annualized, both net of fees and expenses. Greenlight’s investors have earned $4.6 billion, net of fees […]
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Read MoreCoronavirus stimulus check still missing? How and when to ask IRS for Payment Trace
Talks of the third round of stimulus checks have already started, but there are many who haven’t received their second stimulus check yet. It is being reported that those who didn’t get the payment will have to claim it later this year as a tax credit. However, there are two scenarios in which eligible people […]
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Read MoreTravelers expands aggregate reinsurance, but lifts attachment at Jan renewal
U.S. primary insurance carrier Travelers has successfully renewed its aggregate catastrophe reinsurance treaty at the January 2021 renewal season, with the layer set to provide it with slightly more coverage than last year but at a higher attachment point. As a reminder, Travelers had made a full $280 million recovery from its property catastrophe aggregate…
Read MoreThe Tug of War Betw Continues
This market continues trudging forward and weighing good news with bad. After stocks closed last week with their first weekly declines in nearly a month, stocks staged a mild recovery on Tuesday (Jan. 19th) led by tech, big banks, and small-caps. Q4 2020 hedge fund letters, conferences and more Renewed Stimulus Hopes Push Stocks Higher […]
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Read MoreVantage launches collateralized insurer AdVantage Retro I Ltd. in Bermuda
Vantage Risk, the insurance and reinsurance start-up launched by industry veterans Greg Hendrick and Dinos Iordanou, has established its first insurance-linked securities (ILS) vehicle in Bermuda, a collateralized insurer class company named AdVantage Retro I Ltd. We’ve learned from our sources that AdVantage Retro I Ltd., which was registered in Bermuda in December as a…
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