Monthly Archives: June 2020
Jobs report shocker is evidence economy is playing catch-up to a ‘ray of sunshine’ market, Wall Street bull Ed Yardeni suggests
(CNBC) Long-time bull Edward Yardeni believes the historic May jobs surge is a game changer for Wall Street.According to Yardeni, it debunks the notion there’s a disconnect between the significant market rally off the March 23 low and the coronavirus-battered […]
Sustainable investing is set to surge in the wake of the coronavirus pandemic
The outbreak of Covid-19 could prove to be a major turning point for ESG investing, or strategies that consider a company’s environmental, social and governance ratings alongside traditional financial metrics.Sustainable funds attracted record inflows in the first quarter amid the […]
SEC Obtains Judgment of More Than $30 Million Against Investment Adviser and Principal
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment and more than $30 million in monetary relief in its action against Navellier & Associates, Inc., a Nevada-based investment advisory firm, and its founder and chief investment officer, Louis […]
Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer. The SEC’s order finds that in […]
“The same old industry”? Hedge funds and crisis alpha in the coronavirus era
(Hedgeweek) When hedge fund indices tumbled in tandem with equities during this year’s historic Q1 sell-off – before sharply rebounding in April with their biggest monthly gain since the 2008 financial crisis – it reignited the debate over alternatives’ role […]
Francisco Partners raises $10bn with three tech funds
(Opalesque) Francisco Partners has raised nearly $10 billion across three funds to invest in technology companies, one of the largest pools of capital collected by a U.S. private-equity firm this year. The three oversubscribed technology-focused alternative investment funds with a […]
Hedge fund WorldQuant hires ex-Google scientist to up its AI game
(Reuters) – Hedge fund WorldQuant hired computer scientist Yoram Singer, a former principal scientist at Google (GOOGL.O), as its chief AI scientist as Wall Street races to use machine learning to decipher trading signals, a person familiar with the matter […]
Stock futures are higher after Thursday’s wild ride, jobs report looms
(CNBC) U.S. stock futures were higher in Friday early morning trade, after the market took a breather from its strong run-up to start the month. Dow Jones Industrial Average futures traded 137 points higher, implying a gain of around 128 […]
Morgan Stanley says the U.S. ‘will not want to break the phase one deal’ with China
(CNBC) The U.S. will not likely want to “break” its so-called phase one trade deal with China, even though tensions between the two countries have escalated in recent weeks, a Morgan Stanley economist said on Friday.U.S. President Donald Trump said […]
Turkey raises withholding tax to 15% for hedge funds, bans establishment of new ones
(Reuters) – Turkey has raised the withholding tax on hedge funds’ transactions to 15%, a statement on the Official Gazette showed on Wednesday, while the capital markets watchdog indefinitely banned the establishment of new foreign currency hedge funds. To read […]
South Florida Investment Adviser and Its President Charged with Books, Records and Registration Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Miami, Florida-based E*Hedge Securities, Inc. and its President, Devon W. Parks, for failing to provide required books and records during a Commission examination and for improperly registering with the Commission […]
Macro hedge funds lead the pack in May – but Lyxor urges caution on oil rally
(Hedgeweek) Global macro managers have outflanked the rest of the hedge fund pack in recent weeks, with discretionary funds and emerging markets-focused strategies building momentum as markets recovered and oil prices rebounded, new analysis by Lyxor Asset Management shows. To […]