Monthly Archives: April 2020
ORIX USA agrees MBO at Mariner Investment Group
(Hedgeweek) ORIX Corporation USA (ORIX USA) is to sell Mariner Investment Group (Mariner) to Curtis Arledge, Mariner Chairman and CEO, William Michaelcheck, Mariner Founder, Partner and Co-Chief Investment Officer and other senior members of the firm. To read this article:
Federal Court Orders Defendants to Pay Over $1.7 Million to Settle CFTC Enforcement Action Charging Fraud and False Statements
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction against defendants Simon Jousef of Ontario, Canada and his business, FuturesFX, imposing more […]
Discretionary macro hedge funds weather economic turmoil
(Hedgeweek) Many discretionary macro managers are successfully capitalising on the continuing global economic upheaval, with solid first quarter gains that may hint at a reversal of fortunes for a strategy beleaguered by assorted challenges and high-profile closures in recent years. […]
SEC Settles Securities Fraud Charges Against Former Investment Adviser
(HedgeCO.Net)The Securities and Exchange Commission has announced that defendant Barry R. Bekkedam has agreed to resolve the SEC’s charges that he fraudulently induced, or assisted others in inducing, his advisory clients and others to invest approximately $100 million in an […]
House passes $484 billion bill to boost small businesses and hospitals, sends it to Trump
(CNBC) The House passed a $484 billion package Thursday to bolster small businesses and hospitals ravaged by the coronavirus crisis and expand testing desperately needed to start the return to normal life. To read this article:
Dow futures decline following Wall Street’s roller-coaster session
(CNBC) Dow Jones Industrial Average futures fell 100 points, implying a Friday opening decline of about 169 points. S&P 500 and Nasdaq 100 futures also pointed to Friday opening losses for the two indexes. To read this article:
New York’s Cuomo to McConnell on state bankruptcy: Watch the market tank
(Reuters) – New York Governor Andrew Cuomo on Thursday derided Senate Republican leader Mitch McConnell’s suggestion that states whose finances are depleted by the coronavirus epidemic could declare bankruptcy as a “really dumb” idea and warned that financial markets would […]
Trend-following hedge funds continue to advance
(Hedgeweek) Trend-following hedge fund strategies are maintaining their recent positive momentum, with Société Générale’s CTA indices broadly showing further gains in April as fresh turmoil in commodities markets underpin continuing market uncertainty. To read this article:
Hedge Funds Are on Defense and Testing the Stamina of a $5 Trillion Stock Rally
(Bloomberg) — It’s a fundamental characteristic of the rally that has restored $5 trillion of equity value in a month. As encouraging as the gains have been, they’re occurring in a market where people give every indication of being convinced […]
Global VC investment drops from $65.6bn in Q4 2019 to $61bn in Q1 2020, despite five $1bn+ mega deals
(Opalesque) Global VC investment in Q1 2020 dip quarter-over-quarter with US$61 billion raised, though five $1 billion+ mega-deals propped up total investment value, said a study. According to KPMG, the volume of global VC deals declined 27%, falling from 5,820 […]
Natural resources investors mull exposure to a wider spread of regions in 2020
(Opalesque) The fund searches and mandates issued by natural resources investors in Q1 2020 suggest a more cautious approach to the coming year, revealed Preqin in its Quarterly Update on Natural Resources. The majority (53%) of fund searches are for […]
Report breaks down COVID-19- and energy-related U.S. CLO CreditWatch negative placements
(Opalesque) Since March 20, 2020, S&P Global Ratings has placed 252 U.S. collateralized loan obligation (CLO) tranche ratings on CreditWatch with negative implications, primarily due to the economic downturn associated with COVID-19 and the related social distancing measures that have […]