Monthly Archives: September 2020
Covid-19 volatility underscores need for next generation in risk management
(Hedgeweek) New academic research by Plato Investment Management’s Head of Long Short Strategies, Dr David Allen, has highlighted the need for investors to move beyond the traditional “bell-shaped” normal distribution assumption that underpins much of industry practice. To read this […]
What do the proposed carried interest regulations mean for you?
(Hedgeweek) On 31 July, 2020, the Internal Revenue Service (IRS) released proposed regulations (the Proposed Regulations) relating to the scope and applicability of Internal Revenue Code Section 1061. This alert will provide an overview of the Proposed Regulations and how they […]
Sell-off in U.S. markets is ‘a nice, healthy correction,’ says CIO of major Asian bank
(CNBC) The latest sell-off in U.S. stocks is “a nice, healthy correction” after climbing sharply in the last few months, according to the chief investment officer of Singaporean bank DBS. Tech stocks — the market leaders since late March — led the decline […]
Airbnb spurns approach from Ackman’s blank-check company
(Reuters) Billionaire investor William Ackman has approached short-term home rental company Airbnb Inc about going public through a reverse merger with his blank-check company, according to people familiar with the matter. To read this article:
Robinhood is reportedly under SEC investigation, could pay $10 million fine
(CNBC) Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an […]
J.C. Penney Lenders Consider Teaming Up With Outside Bidders
(Bloomberg) The plan envisions the hedge funds that hold J.C. Penney’s loans would become co-owners of a business they never planned to run, in partnership with a third party that could include one of the potential buyers they’ve been wooing, […]
Stock futures dip as Wall Street takes a breather after strong start to September
(CNBC) Futures contracts tied to the major U.S. stock indexes dipped in Thursday early morning trade as investors looked to pare already-robust gains seen on Wall Street so far this week. Dow futures slipped 64 points. S&P 500 and Nasdaq-100 […]
BlackRock says it’s ‘underweight’ stocks in emerging markets due to the coronavirus
(CNBC) BlackRock Investment Institute has an “underweight” stance on stocks in emerging markets as many of those economies are still grappling with the spread of the coronavirus. Stocks in emerging markets have lagged global share prices. To read this article:
CFTC Charges Multiple Individuals and Entities in $28 Million Ponzi Scheme that Targeted Churchgoers
(HedgeCo.Net) The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the United States District Court for the District of Maryland charging Dennis Jali, a South African citizen who previously resided in Maryland, with orchestrating […]
Loeb’s Third Point funds erase all losses, now up for the year
(Reuters) Billionaire investor Daniel Loeb told clients that his funds have wiped away all of the year’s earlier losses and are now in positive territory again after he overhauled the portfolio a few months ago, studding it with fast-growing technology […]
Trend-following hedge funds’ “dynamic features” can limit losses amid surging bond yields and rising inflation
(Hedgeweek) Managed futures hedge fund strategies may be well-placed to withstand a continuing rise in bond yields, despite CTA performance being squeezed by the recent surge, Lyxor Asset Management strategists say. To read this article:
Marble Ridge swaps counsel in Neiman Marcus bankruptcy
(Reuters) Marble Ridge and its founder Dan Kamensky have brought in new lawyers to represent them in the Neiman Marcus bankruptcy as they deal with the aftermath of Kamensky’s interference with a potential bid for certain of the luxury retailer’s […]