Monthly Archives: June 2020
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
(Bloomberg) David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied. To read this article:
SEC Shuts Down Fraudulent Investment Adviser Targeting Senior Citizens
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against a California-registered investment adviser and his entities to halt an ongoing Ponzi scheme targeting senior […]
Hedge fund Angelo Gordon raising $1.5 billion for distressed energy debt
(Reuters) – Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation viewed by […]
Hedge funds turn bullish on crude, remain cautious on fuels
(Reuters) – Hedge funds continue to bet on a recovery in oil prices, but their bullishness is concentrated on crude, especially U.S. crude, while refined fuel markets are expected to take longer to tighten. To read this article:
A look inside the Fed’s $1.307bn ETF allocation – 7 iShares ETFs account for 48% of the assets
(Opalesque)-The Federal Reserve announced on March 23rd that it would purchase corporate bonds for the first time in its 107-year history. The Federal Reserve Bank of New York announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases […]
Stock futures fall as investors assess economy reopening amid civil unrest
(CNBC) As unrest hits fragile recovery, BTIG’s Julian Emanuel warns this group will be hit hardest. Stock futures fell in overnight trading on Monday as investors grappled with civil unrest around the country as states try to reopen the economy […]
Scotiabank Canadian Hedge Fund Index ends April +4.90% (-2.3% YTD) on an asset-weighted basis
(Opalesque) The Scotiabank Canadian Hedge Fund Index ended April 2020 up 4.90% MOM on an asset-weighted basis and up 6.59% MOM on an equal-weighted basis. To read this article:
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG’s Julian Emanuel warns
(CNBC) The risk has clearly risen,’ BTIG’s Julian Emanuel warns.BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out […]
Why the stock market is up amid chaos in the streets
(CNBC) Racial strife, a global pandemic and a rising stock market are common to the years 2020 and 1968. The current market is increasingly driven by dispassionate computers that run on algorithms, and investors who at least in theory are […]
SEC Charges New Defendant in $43 Million Tribal Bonds Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million […]
Hedge fund managers down 1.09 per cent in May, says Eurekahedge
(Hedgeweek) Hedge fund managers ended May 2019 down 1.09 per cent on an equal-weighted basis, and 1.37 per cent on an asset-weighted basis, outperforming the global equity market which slumped 6.12 per cent during the month. To read this article:
US managers dominate fund raising activity
(Hedgeweek) The United States dominates the PE marketplace when it comes to size of AUM size. It is estimated that the top 300 global PE managers manage USD1.5 trillion in assets, of which US-based managers account for USD1 trillion; this […]