First Quadrant, LLC is an independent, SEC registered investment adviser based in Pasadena, California founded in 1988. First Quadrant, LLC is affiliated with Affiliated Managers Group, Inc. (AMG) which holds a minority ownership position in First Quadrant, LLC. First Quadrant, LLC provides investment management advisory services focused on systematic approach to global investing including macro, currency, commodities, long/short equities, multi-asset, tax management and inflation protection for institutional clients.
HEDGE FLOW Hedge funds rush to cut Asia exposure ahead of US tariff announcement
Hedge funds dumped stocks and lowered leveraged positions in Asian markets last week, data from Morgan Stanley shows, pointing to their defensive stance before U.S. President Donald Trump's announceme...
Stablecoin operator Circle files for IPO as revenues jump to $1.7bn
Circle Internet, the US group behind the world’s second-largest stablecoin, has filed to list in New York, the first major cryptocurrency company to try for an initial public offering since President ...
Australia central bank highlights global risks as it keeps rates steady at 4.1%
Inflation has stayed within the bank’s target range since August 2024, and prompted the RBA to cut rates in February. The central bank said it was “cautious” about its outlook, pointing out that recen...
US stocks tumble as consumer gloom raises stagflation fears
Americans express rising alarm over economy and job prospects as Trump’s tariffs weigh on outlook. Wall Street stocks dropped on Friday as signs of strain among American consumers added to worries the...
Trump’s Treasury is running out of money fast. Why the ‘x date’ matters for markets.
The Trump administration has exhausted its legal authority to issue new incremental debt to pay the U.S. government’s obligations — for everything from Social Security checks to military operations. I...
Is KKR’s bad bet on cycling the start of Europe’s private equity reckoning?
As lockdowns gripped Europe in late 2020, KKR was battling to plant its flag in one of the pandemic’s winning industries. The private equity pioneer lost out that year in its bid for German road bike ...
US recession would be a big catalyst for Bitcoin: BlackRock
Bitcoin would be a big winner from a potential US recession as it’s built to thrive in a high fiscal spending, low interest rate environment, says a BlackRock executive. BlackRock’s head of digital as...
As Debt Ceiling Looms, the Fed Tweaks Its Portfolio Runoff
Process of shedding assets and draining bank reserves could collide with dynamics related to raising the federal debt limit. Federal Reserve officials made an adjustment on Wednesday to their policy o...
China’s central bank follows U.S. Fed in keeping rates steady as tariff threats pressure yuan
The People’s Bank of China kept the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, where they have been since a quarter-percentage-point cut in October. The rate decision follows the U.S. ...
Fintech Klarna files for IPO at a weak point for public debuts
Klarna Group Plc has filed for a U.S. initial public offering at a weak moment for company debuts, though the fintech player thinks it can offer investors more than just its buy-now-pay-later products...