Monthly Archives: June 2020
Distressed debt funds numbers double to hit a record $72bn in capital
(Opalesque) Distressed debt funds on the road number an all-time high of 70 as managers prepare to deploy significant capital in the aftermath of COVID-19, said Preqin. The 70 such funds in the market represent a combined $72bn in the […]
Number of buyout fundraising deals in the U.S. dropped 50% in Q1 2020
(Opalesque) New research suggests that the coronavirus could have impacted private equity firms as the buyout fundraising in the US for the first quarter of 2020 declined by almost 50 percent QoQ and 20 percent YoY. However, it is still […]
Wells Fargo investment adviser to sell feeder fund platform to iCapital
(Reuters) Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount. The Wells Fargo global alternative investments feeder fund platform provides […]
Stock futures little changed as Wall Street tries to end the week on a high note
(CNBC)U.S. stock futures were little changed on Thursday night following a muted session in which traders grappled with disappointing unemployment data and rising coronavirus cases. Dow Jones Industrial Average futures gained just 27 points, but pointing to a Friday opening […]
Federal Court Orders Advisor to Pay $890,000 for Defrauding Church and Community Members in Forex Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Southern District of New York entered a consent order for permanent injunction and other equitable relief against defendant Brett G. Hartshorn of Sarasota, Florida, finding, […]
AmTrust Financial Services and Former CFO Charged With Faulty Loss Reserves Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has charged international insurance company AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. with failing to disclose material facts about how the company estimated its insurance losses and reserves. They […]
Hedge fund industry split over return to work and client meetings, as lockdown measures ease
(Hedgeweek) Most hedge fund industry employees have been working remotely during the coronavirus pandemic, but now firms are split over when staff should return to work and when businesses can resume face-to-face contact with investors and other clients, a new […]
Hedge fund performance up +1%, L/S Credit and Global Macro strategies outperform
(Opalesque) Hedge fund performance was up +1% so far in June, according to Lyxor Peer Groups. The period under review (up to June 9th) excludes the most recent trading days which saw renewed market volatility. The report said that L/S […]
Assets in global ETFs/ETPs again over the $6tn milestone at the end of May 2020
(Opalesque) ETFGI, the independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that assets invested in the global ETFs/ETPs industry have increased by 4.7%, from US$5.84 trillion at the end of April 2020, […]
eVestment: Hedge funds positive in May +2.54%
(Opalesque) The global hedge fund business posted an average +2.54% return for May, according to the latest eVestment hedge fund performance data. The rebound last month wasn’t enough to turn the tide for the industry, which is down -5.36% YTD. […]
Warren Buffett needs ‘to adapt’ to this market to reverse his ‘chronic underperformance’
(Marketwatch) If Berkshire is to have the prospects of generating the value it has in the past, it has to adapt by buying these companies that will generate significant value over the next 25 years. To read this article:
Stock futures point to little changed open following rally in the previous session
(CNBC) U.S. stock futures were mixed in early morning trade on Wednesday, following a big rally in the previous session fueled by growing belief that the worst may be over for the world’s largest economy. Dow futures dipped 67 points, […]