Monthly Archives: June 2020
COVID risk likely to outlast U.S. stimulus – Bridgewater CIO
(Reuters) – U.S. stimulus efforts may be able to support corporate cash flows for the summer, but economic risk from the coronavirus pandemic is likely to extend far beyond that, Bridgewater Associates Co-Chief Investment Officer Bob Prince said on Wednesday. […]
Private equity professionals wake up to ESG, says study
(Opalesque) An overwhelming majority (88%) of private equity investors plan to step up their efforts to manage and measure ESG performance in their portfolio companies over the next two years, said a study. However, almost half (46%) of those canvassed […]
Dollar wobbly as PMI data stokes hopes for global recovery
(Reuters) – The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning investor appetite for riskier currencies. To read this article:
Dyal Capital to borrow against fund investments to pay out windfall,
(Reuters) – Dyal Capital Partners is nearing a $1 billion loan against the fee revenue of private equity firms in which it has acquired stakes and will use the proceeds to return cash to its investors.The loan pertains to investments […]
Some investors are making the biggest bet against the stock market in nine years
(CNBC) The net short position in E-mini S&P 500 futures is growing and is now at a level it was last at in 2011.The short position could be a contrarian signal for the market, meaning stocks could keep rising.However, one […]
Major bank turns bullish on global stocks despite a resurgence in coronavirus cases
(CNBC) It may be time to add global exposure to your portfolio.UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases. “We expect them to be fairly well-handled by health systems worldwide,” the firm’s […]
Stock futures edge higher after Nasdaq Composite notches new record
(CNBC) Futures contracts tied to the major U.S. stock indexes edged higher Tuesday evening as Wall Street looked to add to healthy gains clinched earlier in the week. Dow Jones Industrial Average futures added 45 points, suggesting an open gain […]
Ares Management closes special opportunities fund at $3.5bn
(Opalesque) The global alternative investment manager Ares Management closed its Ares Special Opportunities Fund (ASOF) at $3.5 billion. The private debt fund well exceeded its $2 billion fundraising target, according to a press release from the firm operating integrated businesses […]
Tide may be turning for market neutral hedge funds
(Hedgeweek) Equity market neutral hedge fund strategies could be set for a reversal of fortunes, as trading conditions normalise towards 2020’s midway point. To read this article:
Stock futures drop, with Wall Street set for more pain after Wednesday sell-off over virus fears
CNBC) Stocks futures were lower in overnight trading on Wednesday, following a steep market sell-off triggered by intensifying worries about a coronavirus resurgence. Futures on the Dow Jones Industrial Average dropped 132 points. S&P 500 futures and Nasdaq 100 futures […]
Coronavirus spike is likely pushing stocks into a 10% correction,
(CNBC) It appears the market is at a critical juncture. Federated Hermes’ Phil Orlando warns there are three near-term risks that could drag stocks into a correction. His biggest concern surrounds the spike in coronavirus cases in several states.“The situation […]
Dow drops more than 700 points in worst day since June 11 as virus resurgence concerns grow
(CNBC) Stocks fell as number of coronavirus cases continues to rise in U.S.—Here’s what three experts say about reopening Stocks fell sharply on Wednesday as the increasing number of newly confirmed coronavirus cases dampened expectations of an economic recovery. To […]