Alibaba, one of the world’s biggest e-commerce companies, raised more than $11 billion with a share listing in Hong Kong, as investors overlooked whatever doubts they may have about damage from the ongoing U.S.-China trade war and the economically devastating impact of months of pro-democracy protests in the city. Alibaba is not currently eligible for Hong Kong’s benchmark Hang Seng Index,...
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Where Did All the Traders Go? Investment Funds Lean on Outsourcing to Cut Costs
More and more investment funds are outsourcing their trading, a move that cuts costs and aims to boost returns but also poses risks for the funds’ portfolios and underlying investors. Once a niche Wall Street business that catered to young hedge funds, outsourced trading has now attracted mutual funds, pension funds and other asset managers, including some of the biggest firms on Wall...
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SoftBank’s Vision Fund Posts Loss for Fourth Straight Qurter
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