Monthly Archives: May 2020
Wall Street strategist says stocks are at a ‘perfect place’ for battle between Fed and economy
(CNBC) The stock market is in the “perfect place” for a struggle between support from the Federal Reserve and the economic issues facing the United States, and investors should wait for signs that the Fed is winning before buying in. […]
Hedge funds make money in April, Ackman gains 13.6% in month
(Reuters) – Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades, thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said. To […]
SEC Charges Investment Adviser For Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Donald J. Kellen, an investment adviser representative based in Palos Verdes Estates, California, for conducting a multi-year cherry-picking scheme that defrauded his clients. According to the SEC’s complaint, from about […]
Citadel Hedge Fund gains 4% in April
(Reuters) – Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said. Citadel, […]
Buffett says he dumped entire stake in airline-sector stocks: ‘The world changed for airlines’ amid coronavirus
(CNBC) Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking […]
Dow futures fall more than 100 points amid concerns over reopening the economy
(CNBC) Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Dow Jones Industrial Average futures were down by 152 points, pointing to a Monday opening decline […]
Elliott Management financing major patent lawsuit against streaming startup Quibi
(Marketwatch) Hedge fund Elliott Management Corp. is financing a high-stakes patent lawsuit against Quibi, the new streaming service founded by entertainment veteran Jeffrey Katzenberg, according to people familiar with the situation, putting power players of Wall Street and Hollywood on […]
Stocks are in little danger of retesting the March low, top strategist Art Hogan says
(CNBC) National Securities’ Art Hogan believes the consensus view that stocks must retest the March low is wrong. According to Hogan, there are too many unprecedented factors, including an intentional decision to freeze the economy, to suggest the market will […]
The impact of COVID-19 on activist investing
(Opalesque) Activist investing could drop to levels not seen since 2014 in the immediate aftermath of the coronavirus outbreak, according to new research from Activist Insight. Data in the report shows that there was a significant uptick in proxy statements […]
Very negative” stance powered Pershing Square gains – but Ackman does not see protracted slump
(Hedgeweek) Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar $2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result […]
The impact of COVID-19 on activist investing
(Opalesque) Activist investing could drop to levels not seen since 2014 in the immediate aftermath of the coronavirus outbreak, according to new research from Activist Insight. Data in the report shows that there was a significant uptick in proxy statements […]
Coronavirus hits private equity cashflow
(Opalesque) New research by Oliver Gottschalg, Associate Professor of Strategy and Business Policy at HEC Paris, predicts a possible shortfall of private equity (PE) net cash flows of 65% in distributions in 2020. This corresponds to an 11.3% drop off […]