Monthly Archives: September 2020
Franklin Templeton creates new unit with QS Investors
(Opalesque) Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Solutions (FTIS), will consist of […]
The majority of Americans believe sustainable funds can offer higher returns
(Opalesque) A majority (55%) of Americans are more likely to invest in sustainable funds for their more attractive return profile, according to the annual Schroders Global Investor Study. The survey, of more than 23,000 investors globally, including 2,000 in the […]
HSBC Private Banking clients allocate record USD1.6bn to alt investments so far in 2020
(Hedgeweek) More than $1.6 billion of private client funding has been raised by HSBC Private Banking for so far in 2020 for hedge funds, private equity, private credit and a private REIT strategy. To read this article:
Stock futures little changed following sell-off on Wall Street
(CNBC) Stock futures fell during overnight trading, building on Wednesday’s heavy losses that saw the S&P 500 tumble more than 2%. Futures contracts tied to the Dow Jones Industrial Average recovered from an earlier slip to rise by about 40 […]
COVID-19 forces surge in tech investment: Around $15bn extra a week
(OPalesque) COVID-19 forces one of the biggest surges in tech investment in history as companies spent around US$15bn extra a week on technology during the pandemic’s first wave, find the world’s largest tech leadership survey. To read this article: The […]
July sees second straight month of hedge fund inflows
(Opalesque) Hedge funds experienced a second straight month of inflows in July, bringing in $10.5 billion as the industry continued to shake off spring’s pandemic-driven redemption trend. July’s new assets built on June’s $15.1 billion in inflows. July’s inflows represented […]
Lyxor Chenavari UCITS team switching to alpha opportunities in “choppy waters”
(Hedgeweek) The team behind the Lyxor Chenavari UCITS fund is repositioning the strategy for upcoming alpha-generating opportunities arising from the “choppy waters” of the forthcoming US election and Brexit. To read this article:
SEC Charges Ponzi Scheme Targeting U.S. Military Service Members
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against a Colorado man for defrauding investors, including cadets at the U.S. Air Force Academy. The SEC’s complaint alleges that over a two-year period, Milton J. Dosal, Jr. raised nearly […]
Elliott and Veritas Capital submit offer for Cubic
(Reuters) Hedge fund Elliott Management and buyout firm Veritas Capital have made a joint bid for Cubic Corp following weeks of private talks with the defense and transportation technology firm, people familiar with the matter said on Tuesday. To read […]
Hedge funds gain 2.64% in August
(Opalesque) August was a positive month for hedge funds. The Preqin All-Strategies Hedge Fund benchmark gained 2.64%, building upon July’s return of +3.29%. The 2020 YTD return rose to +5.60%, and the 12-month figure moved almost into double digits (+9.20%). […]
Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’
(CNBC) J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it. “A wealth tax is almost impossible to do,” he told CNBC-TV18 at […]
Hedge fund and private equity worlds collide to exploit credit opportunities
(Hedgeweek) With the ripple effect of Covid-19 still being felt in the global economy, investment opportunities in high yield credit, and in particular distressed credit, have been numerous as investors seek out higher yield, at a commensurate higher risk. To […]