Monthly Archives: September 2020
Investors ready for big market moves as U.S. election nears
(Reuters) Market volatility is back – and investors expect more wild swings in the coming weeks and months as the U.S. presidential election closes in. To read this article:
Fund Manager Charged with Fraud in Securities Offering in Neiman Marcus Bankruptcy
(HedgeCo.Net) The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a New […]
Hedge fund short sellers suffer $500m hit in August from wayward FTSE 100 wagers
(Hedgeweek) Hedge funds have lost almost $560 million after several hefty short bets on a range of FTSE 100 stocks turned sour as equity markets yielded solid gains. To read this article:
Dow futures drop 100 points as Wall Street braces for more tech losses
(CNBC) U.S. stock futures fell on Thursday night, building on the downside momentum from the regular trading session as Big Tech was primed for another steep decline. Dow Jones Industrial Average futures dropped 109 points. S&P 500 futures and Nasdaq 100 […]
Money managers see profit-taking in Thursday’s ‘healthy pullback’
(CNBC) The high-flying stocks are coming back down to earth as investors see an opportunity to lock in their gains with markets at their highs. The tech-heavy Nasdaq Composite, which has made a habit of setting new record highs the […]
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 […]