DoorDash Moves Ahead With IPO, Files To List Shares On NYSE

from FA News https://www.fa-mag.com/news/doordash-moves-ahead-with-ipo--files-to-list-shares-on-nyse-58957.html

Tesla's Musk Says He May Have Covid-19, Calls Tests 'Extremely Bogus'

from FA News https://www.fa-mag.com/news/tesla-s-musk-says-he-may-have-covid-19--calls-tests--extremely-bogus-58956.html

Markets Are Already Pricing A Successful Moderna Vaccine Shot

from FA News https://www.fa-mag.com/news/markets-are-already-pricing-a-successful-moderna-vaccine-shot-58955.html

CI Financial To Acquire $2.7B N.Y. RIA Roosevelt Investments

CI Financial Corp., a Toronto, Canada-based investment firm, has agreed to acquire 100% of Roosevelt Investments, a New York City-based registered investment advisor (RIA) managing approximately $2.7 billion in client assets. This acquisition marks CI’s 12th RIA transaction since February 2020, continuing its rapid expansion in the U.S. wealth management industry, the companies recently announced in a news release.

from FA News https://www.fa-mag.com/news/ci-financial-agrees-to-acquire--2-7b-n-y--ria-roosevelt-investment-58950.html

Ameriprise Hires Two Teams With $295M In Combined AUM

Ameriprise Financial, LLC has added four advisors to its employee channel with $295 million in combined client assets, the company recently announced in a news release. Ross Perkins joins Ameriprise in Carmel, Ind., from UBS with a $135 million book of business, while Thomas Rodman, Maureen Cioppi-Grill, and Paul Teufel of Rodman, Grill & Associates in Conshohocken, Penn., join Ameriprise separately from Morgan Stanley with $160 million in assets. According to all four advisors, choosing Ameriprise was an easy decision for them to make, based on the firm’s high-touch support and cutting-edge technology in delivering client support. Perkins said in the news release that while he knew that switching employers during a pandemic was a big decision, he felt the time was right. “I wanted a place I felt I could spend the rest of my career…and Ameriprise felt like that firm,” he said.

from FA News https://www.fa-mag.com/news/ameriprise-hires-two-teams-with--295m-in-combined-aum-58951.html

Investors Poured $4.56 Billion Into Junk Bonds After Election

U.S. high-yield bond funds saw one of the biggest inflows on record in the last week, as investors gained confidence in riskier companies amid Joe Biden’s presidential victory and progress on a Covid-19 vaccine. Junk-bond investors poured $4.56 billion into retail funds during the week ended Nov.

from FA News https://www.fa-mag.com/news/investors-poured--4-56-billion-into-junk-bonds-after-election-58949.html

Hedge Funds Loading Up On Darling Stocks Got A Rude Awakening

The trend is your friend until it isn’t. That’s a lesson hedge funds learned the hard way during this week’s market turmoil. Promising news on Covid-19 vaccines set off a violent rotation among stocks Monday and Tuesday that went against professional money managers.

from FA News https://www.fa-mag.com/news/hedge-funds-loading-up-on-darling-stocks-got-a-rude-awakening-58948.html