Monthly Archives: June 2020
Intu short bets set to pay off for hedge funds as debt-laden retail operator calls in administrators
(Hedgeweek) A number of hedge fund short-sellers look set to gain from troubled shopping centre operator Intu Properties’ fall from grace, with shares in the London-based real estate investment trust sliding again on Friday (26 June) following news that the […]
Hedge fund industry AUM sits near $3.05tn in May
(Opalesque) A report by eVestment said that investor flows were near flat in May, with net inflows of an estimated $1.71 billion into hedge funds. Total estimated industry assets rose again due to performance gains as AUM sits near $3.05 […]
Wall Street is underpricing a Joe Biden presidential win, Wells Fargo’s Chris Harvey warns
(CNBC) Wells Fargo Securities’ Christopher Harvey believes the market is underestimating a major risk — and it’s not the coronavirus. According to the firm’s head of equity strategy, a Joe Biden presidential win could throw Wall Street a curve ball […]
SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin
(HedgeCo.Net) The Securities and Exchange Commission has charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the defendants claimed was a new […]
Short-sellers increase bets against Wirecard as hedge funds eye bigger pay-off from crisis-hit company’s demise
(Hedgeweek) Hedge funds are holding off from closing their short positions in crisis-hit e-payments firm Wirecard AG – with some even increasing their bets – in expectation that its share price will tumble yet again, boosting short sellers’ returns even […]
Hedge fund flows remain high amidst market volatility: eVestment
(Opalesque) Investor flows were near flat in May, with net inflows of an estimated $1.71 billion into hedge funds. Total estimated industry assets rose again due to performance gains as AUM sits near $3.05 trillion, said eVestment. The net flow […]
ETFGI reports assets invested in ESG ETFs and ETPs listed globally reached a new record of $82bn at the end of May 2020
(Opalesque) ETFGI, the independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gathered net inflows of US$4.33 billion during May, bringing year-to-date net inflows […]
Financial advisors embrace virtual route as prospecting takes a hit during the pandemic
(Opalesque) Two-thirds of advisors have scaled back on prospecting for new clients during the first few months of COVID-19. Technology has become a vital tool for investment firms to conduct business, which includes prospecting and marketing activities. A recent survey […]
Clearlake acquires majority stake in CLO specialist WhiteStar
(Opalesque) Private equity firm Clearlake Capital Group has acquired a majority stake in credit manager WhiteStar Asset Management, that specializes in collateralized loan obligations (CLO). To read this article:
Survey finds New York investment managers bullish on return to office in 2020
(Opalesque) A majority of alternative investment managers (54%) expect to fully return to their offices by the end of the calendar year, according to The Seward & Kissel Alternative Investment Manager COVID-19 Survey, a survey of managers of hedge funds, […]
Stock futures dip after bank stress test results, Nike reports surprise loss
(CNBC) U.S. stock futures slipped on Thursday night following the release of the Federal Reserve’s latest bank stress-test results and disappointing quarterly numbers out of Nike. Dow Jones Industrial Average futures dipped 89 points, or 0.4%. S&P 500 fell marginally […]
White House ‘very seriously considering’ another stimulus bill
(Marketwatch) The Trump administration is “very seriously considering” another stimulus bill as the coronavirus pandemic continues, Treasury Secretary Steven Mnuchin said Tuesday Night. To read this article:
