Monthly Archives: June 2020
Stock futures rise slightly as investors await Fed’s forecast on the economy
(CNBC) U.S. stock futures rose slightly in overnight trading as investors await clarity on the state of the economy and further stimulus from the Federal Reserve’s policy meeting. Dow futures rose 70 points, indicating a gain of 0.26% at the […]
SEC Awards Record Payout of Nearly $50 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of […]
Hedge fund Bow Street close to winning control of board at Mack-Cali,
(Reuters) – Bow Street LLC is close to having eight directors elected to the board of Mack-Cali Realty Corp (CLI.N), which would give the hedge fund control of the real estate investment trust’s board, sources familiar with the matter said […]
Balbec Capital raises $1.2bn for latest global credit fund
(Opalesque) Balbec Capital, LP, a global alternative asset manager with expertise sourcing and investing in bankrupt and insolvent credit, has completed the final close of InSolve Global Credit Fund IV, L.P. (the Fund), with total commitments of approximately $1.2 billion. […]
Treasury yield comeback is real, and the 10-year could hit 1.5% within months, Wells Fargo says
(CNBC) Ten-year yield will rally above one percent: Wells Fargo’s Michael Schumacher. Wells Fargo Securities’ Michael Schumacher sees the Treasury yield rally picking up momentum. With the Federal Reserve policy meeting on interest rates underway, the benchmark 10-year Treasury Note […]
Long Time Hedge Fund Manager says companies can no longer exist just to maximize profits
(CNBC) Longtime hedge fund manager Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits.He blasted that view as “very narrow, myopic and transactional” and blamed that idea for helping […]
Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year
(CNBC) The Federal Reserve voted Wednesday to keep benchmark short-term rates near zero.In addition to the rates move, the Fed said it would keep buying bonds, targeting $80 billion a month in Treasurys and $40 billion in mortgage-backed securities. On […]
Hedge funds gain 2.71% in May
(Opalesque) Stock markets carried April’s momentum into May and hedge funds were among the beneficiaries posting a 2.71% monthly return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 […]
Dow futures fall more than 300 points following two days of losses
(CNBC) Nasdaq closes above 10K for first time ever. Stock futures fell in overnight trading on Wednesday as investors evaluate the pace of economic recovery and the coronavirus developments. Futures on the Dow Jones Industrial Average fell 315 points, implying […]
Most of the institutional investors see the appeal of digital assets
(Opalesque) The overwhelming majority of investors are interested in digital assets, said a study.A survey conducted by asset-management giant Fidelity said that some 4 out of 5 institutional investors find “something appealing” about digital assets, but resistance remains when it […]
Stock futures little changed after S&P 500 turns positive for the year
(CNBC) Futures contracts tied to the major U.S. stock indexes held steady in early morning trade on Tuesday as investors hoped to extend the S&P 500?s gains after the index returned to positive territory for the year during the regular […]
Final Judgment Handed Down Against Recidivist Investment Adviser
(HedgeCo.Net) The United States District Court for the Northern District of Ohio has entered final consent judgments against recidivist investment adviser Brandon E. Copeland and his advisory firm, E.B. & Copeland Capital, Inc. The SEC’s complaint alleges that, after the […]