Monthly Archives: May 2020
High-conviction long bets outperformed high-conviction shorts during Q1 chaos, says MSCI study
(Hedgeweek) High-conviction long-positioned hedge fund portfolios outperformed high-conviction short portfolios during the recent market meltdown, according to new MSCI research exploring how hedge fund managers navigated Q1’s unprecedented volatility surge. To read this article:
White House would likely support a new round of stimulus checks, sources say
(CNBC)White House likely to support new round of stimulus checks. The White House would likely support another round of stimulus checks, two senior administrative officials told CNBC on Thursday. To read this article:
JC Penney is planning to file for bankruptcy in the next day, sources say
(CNBC) J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC. Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they […]
Stock futures little changed after Thursday’s strong gains on Wall Street
(CNBC) U.S. stock futures were largely flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures dipped 15 points, implying a Friday opening decline of around […]
Morgan Stanley Smith Barney Charged With Providing Misleading Information to Retail Clients
(HedgeCo.Net) Morgan Stanley Smith Barney LLC (MSSB) has agreed to settle charges that it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs. MSSB has agreed to pay a $5 million […]
Man Group sounds alarm on emerging markets, amid rising debt and growing Covid-19 cases
(Hedgeweek) Emerging markets assets are expected to further weaken this month, as EM economies grapple with a rise in Covid-19 cases and an uncertain recovery in China, Man Group officials said on Tuesday. To read this article:
U.S. stock futures about flat following Tuesday’s sharp selloff
(Marketwatch) U.S. stock index futures were little changed late Tuesday, following a sharp selloff on Wall Street during the regular trading day. As of midnight Eastern, Dow Jones Industrial Average futures YM00, 0.50% were up 40 points, or 0.2%, while […]
House Democrats unveil new $3 trillion coronavirus relief bill
CNBC) House Democrats release their latest coronavirus relief bill as they try to blunt the pandemic’s effects on the economy. The chamber plans to vote on the legislation, which includes relief for state and local governments, direct payments and hazard […]
Hedge fund managers up 3.73% in April, reduce YTD losses to 4.64%
(Opalesque) Hedge funds recouped some of the losses they suffered amidst pandemic-induced market chaos. The Eurekahedge Hedge Fund Index was up 3.73% in April – recording its strongest monthly performance in recent years, supported by the strong performance of the […]
Asset managers fail to provide the information investors need on ESG, says survey
(Opalesque) Although there has been a significant increase in both the supply and demand for ESG related content created by asset managers in the last 12 months, there remains a significant gap between the content that investors are looking for […]
JC Penney in talks for $450 million loan as it eyes Friday bankruptcy filing
(CNBC) J.C. Penney is in talks with key lenders to secure $450 million in financing for a possible bankruptcy filing that would require the troubled retailer to hit certain goals to receive the second half of the loan, people familiar […]
JPMorgan is ‘underweight’ on financial stocks in emerging markets. Here’s why
(CNBC) The outlook for banks is bleak and the financial industry will have a difficult time growing its business due to the coronavirus pandemic, according to JPMorgan, which has an “underweight” stance on the sector across emerging markets. To read […]