Monthly Archives: September 2020
Altegris reemerges as an independent alternatives boutique
(Opalesque) Altegris Holdings and Artivest Holdings today announced they have entered into a definitive agreement under which Matt Osborne, Altegris Co-Founder and Artivest Chief Investment Officer, in partnership with Continuum Capital Managers, co-founded by Doug Grip and Steve Vanourny, will […]
SEC Charges Arizona-Based Financial Services Companies and Their CEO with Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged two Arizona-based financial service companies and their chief executive officer with defrauding investors of approximately $2.9 million by making false and misleading statements about the companies’ revenue and its business prospects. The […]
Fifth straight month of hedge fund gains fuels investor confidence
(Opalesque) As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42% in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. […]
Stock futures flat as investors await Fed meeting
(CNBC) U.S. stock futures were flat in overnight trading as investors readied for comments from the Federal Reserve on Wednesday. Dow futures dipped 20 points. S&P 500 and Nasdaq 100 futures were also set to open flat, with losses of […]
The Fed could still move markets Wednesday even with rates on hold for the foreseeable future
(CNBC) While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the coronavirus pandemic. As central bank officials gather Tuesday and […]
JPMorgan CEO says a failure to think long-term is causing governments to make ‘really dumb decisions’
(CNBC) Short-term thinking is causing governments around the world to make “really dumb decisions” on economic policy, according to J.P. Morgan CEO Jamie Dimon. Dimon suggested the U.S. Federal Reserve had succeeded in averting a financial crisis in the wake […]
Market volatility is set to swell after Election Day, Wells Fargo warns
(CNBC) September’s early volatility may be no match for what comes after the presidential election. Wells Fargo Securities’ Michael Schumacher notes volatility is set to jump following the results — not recede. “Normally, you might think that it’s Election Day or […]
$15 Million Judgment Obtained Against Mastermind of Market Manipulation and Unlawful Stock Distribution Scheme
(HedgeCo.Net) The Honorable P. Kevin Castel of the U.S. District Court for the Southern District of New York has entered a default judgment against Francisco Abellan Villena, ordering him to pay $15 million for his role in a fraudulent stock […]
Billionaire investor Steve Cohen finalizes deal to buy New York Mets
(CNBC) Billionaire Steve Cohen reached a deal to buy the New York Mets baseball team on Monday. “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in […]
Activist hedge funds outshine the competition, as larger managers trail the rest of the industry
(Hedgeweek) Activist-focused managers comfortably outperformed other strategy types last month, as the hedge fund industry continues to recover from the Covid-19 turmoil with solid August gains and positive year-to-date returns, new eVestment data shows. To read this article:
Hedge funds up 1.74 per cent in August, says SS&C GlobeOp
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2020 measured 1.74 per cent. To read this article:
AEA, Bridges partner for $400 million blank-check company
(Reuters) Investment firms AEA Investors LP and Bridges Fund Management Ltd plan to raise $400 million in an initial public offering for a new blank-check acquisition company with a focus on socially responsible investing, according to people familiar with the […]