Monthly Archives: June 2020
Hedge fund Jana Partners takes stake in Perspecta, eyes changes
(Reuters) – Activist hedge fund Jana Partners on Thursday disclosed a new stake in Perspecta Inc (PRSP.N), which provides information technology services to government customers, and said it will speak with executives about changes that could lead to a merger […]
Healthcare hedge fund Rhenman eyes further gains after second double-digit return
(Hedgeweek) Rhenman & Partners Asset Management, a Stockholm-based sector-specialist hedge fund firm, says 2020 is poised to be “a good year” for its flagship healthcare strategy, after it posted a double-digit return for the second month in a row. To […]
Hedge funds managers up 2.16% in May, cut YTD loss to 2.53
(Opalesque) Hedge fund managers were up 2.16% in May, reducing their year-to-date loss to 2.53%, said Eurekahedge. Market optimism towards the resumption of economic activities and supportive monetary and fiscal policies boosted the performance of risk assets during the month. […]
Tech’s big five lost nearly $270 billion in value in Thursday’s market plunge
(CNBC) The five most valuable tech companies lost more than $269 billion in value on Thursday, the worst day for U.S. stocks since March. Microsoft was the biggest loser, shedding more than $80 billion in value as shares dropped more […]
Do negative interest rates work? Economists can’t agree on how effective the policy is
(CNBC) Voices advocating for the U.S. Federal Reserve to adopt negative interest rates have grown louder in recent months, but the central bank has so far steered clear of such policy. In fact, Fed Chairman Jerome Powell said last month […]
Dow futures rise more than 300 points as Wall Street tries to recover from its worst day since March
U.S. stock futures were higher early Friday morning after growing worries of a resurgence in coronavirus cases sent equity prices plunging. Dow Jones Industrial Average futures traded 355 points higher, implying a Friday opening jump of around 395 points. S&P […]
What’s next from the Fed will help decide the course for markets
(CNBC) The Fed has thrown an unprecedented amount of stimulus at markets and the economy, and what it says next may impact the direction of rates and other markets.Strategists expect Fed Chairman Jerome Powell to seek to soothe markets, but […]
SEC Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims
(HedgeCo.Net) The Securities and Exchange Commission today charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme in the stock of a biotechnology company by making hundreds of misleading statements in an online investment forum, […]
Special situation and activist hedge funds reluctant to pile into recovery amid “anaemic” corporate activity
(Hedgeweek) Activist hedge funds and certain other special situations strategies are still holding off from piling into longer-term buy-and-hold stocks amid the continued market uncertainty, instead choosing to trade opportunistically around cyclical names recovering from their coronavirus battering. To read […]
90% of US private equity fund managers bullish on distressed fund deal flow
(Opalesque) Nearly all private equity managers expect to see a surge in distressed fund deals over the coming year, said a new survey.”An overwhelming majority (90%) of US private equity fund managers expect to see a rise in the volume […]
Alternatives Investment Funds continued to attract net new money in the first quarter of 2020 despite Covid-19
(Opalesque) The European Fund and Asset Management Association (EFAMA) has today published its Quarterly Statistical Release describing the trends in the European investment fund industry in the first quarter of 2020 with key data and indicators for each EFAMA member […]
Corporate pension funding ratio drops to 84% in May
(Opalesque) The funding ratio among corporate plans dropped to 84% as of May 31 from 84.5% as of April 30, said a report from Milliman. Discount rates dropped to 2.76% in May, offsetting the month’s investment gains of 1.85%, the […]