Business

Just hours after Neil Chriss announced that his $2.2 billion Hutchin Hill hedge fund is shuttering due to underperformance and admitted that "we fought hard, but did not deliver the performance that you expected from us", another legendary hedge fund announced it was undergoing a significant restructuring as a result of relentless investor withdrawals: citing a November 30 letter, Bloomberg reported that Paul Tudor Jones' Tudor Investment Corp, which lost 1.6% YTD,  was closing its Discretionary Macro fund "and letting investors shift assets to the main BVI fund as of Jan.

A deal that was months in the making is finally official, with Aetna's board of directors approving on Sunday the health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price represents a premium of 29% to where Aetna shares were trading before the WSJ first reported that the two companies were in talks in October.

Submitted by Shant Movsesian and Rajan Dhall MSTA fxdailyterminal.com

Minutes after FX markets opened on Sunday evening, USDJPY surged back above its pre-ABC Flynn headline plunge levels, pushing up towards 113.00...

Bullish suport for FX carry (and implicitly equity futures when they open) is provided by the Senate Republicans after-hours vote for a corporate tax rate cut.

And suggests S&P futs will open 10pts higher...

Authored by Randy Russell via Medium.com,

The way the bitcoin ecosystem will play out is written in the mathematics of its consensus rules; we should all know the three phases it will go through.

First Era: Satoshi’s Free Offer (2009–2014)