Monthly Archives: May 2020
Hedge funds are affected by the COVID-19 pandemic, says Preqin
(Opalesque) The Preqin All-Strategies Hedge Fund benchmark generated a loss of 10.38% in Q1 2020, all but erasing the annual gain of 10.97% made in 2019.But given that the S&P 500 Index fell by 20.00% in the first quarter of […]
Dow futures fall more than 300 points after Wall Street wraps up best month in three decades
(CNBC) Stock futures fell sharply in Friday early morning trade as investors pored through the latest batch of big tech earnings after Wall Street wrapped up its best month in decades. Dow Jones Industrial Average futures traded 346 points lower, […]
CTA/managed futures funds outperformed other hedge fund strategies despite weakness in energy sector
(Opalesque) Hedge fund managers were down 6.00% in March 2020 (-7.6% YTD), outperforming global equities which languished 13.99% over escalating COVID-19 outbreak concerns, reports data provider Eurekahedge. Around 80% of the hedge fund managers tracked by Eurekahedge were able to […]
Jobless claims surge to more than 30 million — here’s what to watch
(CNBC) Jobless claims continue to rise. New claims reached 3.84 million last week, bringing the total to 30.3 million for the last six weeks. The number of total claims makes this the worst unemployment crisis in U.S. history. To read […]
SEC Awards Over $18 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose significant information prompted an examination that resulted in an important enforcement action. The whistleblower repeatedly reported the problem internally before contacting […]
Apple CEO Tim Cook says company saw an ‘uptick across the board’ in late April thanks to stimulus and work from home
(CNBC) Apple isn’t providing June quarter guidance, but executives gave significant insight into how the company is dealing with the coronavirus pandemic and the economic fallout in a conference call with analysts. Apple CEO saw an ‘uptick across the board’ […]
Long Island Recidivist Charged with Running $4 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged recidivist securities law violator Donald A. Milne III, of Merrick, New York, and his company, Instaprin Pharmaceuticals, Inc., with operating a long-running offering fraud that raised over $4 million from more than seventy […]
Investor Confidence up by 6.6 points in May to 79.5
(Hedgeweek) The State Street Global Investor Confidence Index increased to 79.5 in May, up 6.6 points from April’s revised reading of 72.9. To read this article:
Getting ahead vs catching up: Digitalise the investor experience
(Hedgeweek) Digital transformation: Science, not fiction – Science fiction is a beloved and enduring genre largely because of technology’s transformative potential. The best examples leverage this to the hilt and extract as much dramatic tension as possible from the situation. […]
Little Love for China as Top Hedge Funds Favor Japan, India
(Bloomberg) Anyone looking for evidence that the China-U.S. trade war has chilled investors on Asia’s largest economy need go no further than the picks from some of the world’s top hedge fund managers at this year’s Hong Kong Sohn Conference. […]
Hedge funds recorded fourth positive month in of the year in April
(hedgeweek) Hedge fund managers ended April 2019 up 1.05 per cent on an equal-weighted basis, and 1.00 per cent on an asset-weighted basis. Roughly 70.6 per cent of the hedge fund managers tracked by Eurekahedge recorded positive returns over the […]
Adams Street Partners closes debut private credit program with $1.1bn
(Opalesque) – Adams Street Partners, a private markets investment management firm with $37 billion of assets under management, announced today it has successfully completed fundraising for its inaugural Private Credit program with approximately $1.1 billion of capital available to deploy, […]