Monthly Archives: June 2022
JP Morgan closes Lynstone Special Situations Fund II with $2.4bn in total commitments
(Hedgeweek) JP Morgan Asset Management has held the final closing of its Lynstone Special Situations Fund II (Lynstone Fund II), with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations […]
Stock futures are lower following Monday gains
(CNBC) Stock futures declined early Tuesday morning after a sleepy day of trading as investors await key inflation data due out later in the week. Futures tied to the Dow Jones Industrial Average edged lower by 187 points, or 0.57%. […]
Nasdaq rises slightly to start week, shaking off jump in bond yields
(CNBC) Stocks moved slightly higher on Monday as Wall Street tried to rebound from a losing week and navigated a jump in Treasury yields. The tech-heavy Nasdaq Composite rose 0.40%, and the S&P 500 gained 0.31%. The Dow Jones Industrial […]
Musk accuses Twitter of ‘resisting and thwarting’ his right to information on fake accounts
(CNBC) Elon Musk accused Twitter of “resisting and thwarting” his right to information about fake accounts on the platform, calling it in a letter to the company on Monday a “clear material breach” of the terms of their merger agreement. […]
SEC Charges Former Cco of Investment Adviser Who Misappropriated Funds
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Jennifer Campbell, the former Chief Compliance Officer of a previously registered investment adviser, in connection with Campbell’s misappropriation of client funds between February 2019 and May 2021. The SEC’s complaint, […]
Familiar flow trends continued for hedge funds
(Opalesque) Investors removed an estimated net $5.20 billion from hedge funds in April. Performance accounted for an increase in assets. The result of both factors was a slight increase in estimated industry AUM to $3.624 trillion, according to eVestment. From […]
Stock futures are higher as Wall Street looks to bounce back from losing week
(CNBC) Stock futures were higher in early morning trading Monday after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation. Futures on the Dow Jones Industrial Average gained […]
Investors set their sights on upcoming inflation report as the bear market rally falters
(CNBC) The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s […]
A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
(CNBC) Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed […]
Deerfield raises $1.6bn for new healthcare oriented private investment fund
(Opalesque) Deerfield Management, a venture capital firm based in New York, has launched Deerfield Private Design Fund III, an investment fund designed to provide flexible private financing to healthcare companies. According to a press note from the investment firm, the […]
North Carolina Investment Adviser and Public Company CEO Charged with Fraudulent Self-Dealing
(HedgeCo.Net) The Securities and Exchange Commission has charged North Carolina resident Martin A. Sumichrast with defrauding Stone Street Partners, LLC, a private fund that he managed, and its investors by misappropriating fund assets and by engaging in several unauthorized transactions […]
Hedge fund redemptions accelerate
(Hedgeweek) Hedge fund redemptions accelerated in March totalling -$35.37 billion (-0.70% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. To read this article: