Monthly Archives: April 2020
Senate passes $484 billion coronavirus bill for small business and hospital relief, testing
(CNBC) The Senate on Tuesday passed a $484 billion package to bolster small businesses and hospitals ravaged by the coronavirus pandemic and expand testing for Covid-19. After the unanimous Senate vote, the bill heads to the House, which aims to […]
Bruised hedge funds tentatively looking for risk again
(Reuters) – After a tough March, some hedge funds, emboldened by early signs of the coronavirus outbreak peaking in some of the biggest U.S. hot spots, have begun tentatively adding to risk. Worries over the economic hit from the virus […]
Stock futures little changed as Wall Street struggles to rebound from two days of steep losses
(CNBC) U.S. stock futures in early morning trade pointed to slight gains at the open on Wednesday, following recent weakness in markets aggravated by oil’s massive decline. Dow futures rose 18 points, indicating a gain of about 40 at the […]
Meltdown in oil continues as Brent plunges more than 15%
(CNBC) Oil prices continued to plummet Wednesday as concerns over limp demand and limited remaining storage capacity lingered. In the afternoon of Asian trading hours, international benchmark Brent crude futures dropped 15.57% to $16.32 per barrel. Meanwhile, the June contract […]
SEC Charges Central Florida Resident for Fraud Targeting Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Lithia, Florida resident Steven L. Brickner, for allegedly defrauding more than 60 retail investors out of approximately $5.5 million through purported investments in marijuana-related companies Brickner controlled. The SEC alleges […]
Speculative bet or inflation hedge? Bitcoin in the coronavirus crisis
(Reuters) – Bitcoin has fared better than stocks but worse than gold and U.S. Treasuries during the coronavirus pandemic, with investors ascribing its performance to speculative bets and bids to hedge against inflation linked to stimulus measures. To read this […]
Net sales of equity funds take a hit as Covid-19 crisis breaks out
(Opalesque) The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for February 2020. Bernard Delbecque, Senior Director for Economics and Research […]
Mixed outlook for L/S equity and short-selling, says Lyxor
(Hedgeweek) Lyxor’s L/S Equity Neutral peer group was down -2.8 per cent year-to-date, hurt by extreme trading conditions and the constituents’ average market beta of 20 per cent, according to the latest Weekly Brief by the company’s Cross Asset Research […]
U.S. taxpayers set to be major investors in the struggling airline industry
(Marketwatch) The U.S. taxpayer will be a major player in the struggling airline industry, as many carriers are set to receive government aid with conditions as they grapple with the fallout from the COVID-19 pandemic. The aid will help provide […]
Hedge Funds Suffer Largest Quarterly Withdrawals Since 2009
(Bloomberg) Investors pulled a net $33 billion from hedge funds in the first quarter, the most in more than a decade. To read this article:
Total global hedge fund capital fell below $3tn in 1Q20 for the first time since 3Q 2016
(Opalesque) Total global hedge fund capital fell below $3.0 trillion in 1Q20 for the first time since 3Q 2016, as financial market volatility surged on uncertainty and increased risks driven by the global coronavirus pandemic. Hedge fund capital declined by […]
Stock futures slip as investors digest oil turbulence, await jobless claims
(CNBC) U.S. stock futures were lower in the overnight session Wednesday as investors took a breather after the turbulence of the prior three regular sessions. Dow Jones Industrial Average futures were down 108 points, implying an opening slip of about […]