Monthly Archives: June 2020
Stock futures edge higher after Nasdaq Composite notches new record
(CNBC) Futures contracts tied to the major U.S. stock indexes edged higher Tuesday evening as Wall Street looked to add to healthy gains clinched earlier in the week. Dow Jones Industrial Average futures added 45 points, suggesting an open gain […]
Ares Management closes special opportunities fund at $3.5bn
(Opalesque) The global alternative investment manager Ares Management closed its Ares Special Opportunities Fund (ASOF) at $3.5 billion. The private debt fund well exceeded its $2 billion fundraising target, according to a press release from the firm operating integrated businesses […]
Tide may be turning for market neutral hedge funds
(Hedgeweek) Equity market neutral hedge fund strategies could be set for a reversal of fortunes, as trading conditions normalise towards 2020’s midway point. To read this article:
Stock futures drop, with Wall Street set for more pain after Wednesday sell-off over virus fears
CNBC) Stocks futures were lower in overnight trading on Wednesday, following a steep market sell-off triggered by intensifying worries about a coronavirus resurgence. Futures on the Dow Jones Industrial Average dropped 132 points. S&P 500 futures and Nasdaq 100 futures […]
Coronavirus spike is likely pushing stocks into a 10% correction,
(CNBC) It appears the market is at a critical juncture. Federated Hermes’ Phil Orlando warns there are three near-term risks that could drag stocks into a correction. His biggest concern surrounds the spike in coronavirus cases in several states.“The situation […]
Dow drops more than 700 points in worst day since June 11 as virus resurgence concerns grow
(CNBC) Stocks fell as number of coronavirus cases continues to rise in U.S.—Here’s what three experts say about reopening Stocks fell sharply on Wednesday as the increasing number of newly confirmed coronavirus cases dampened expectations of an economic recovery. To […]
Investing legend Burton Malkiel on day-trading millennials and the end of the 60/40 portfolio
(Marketwatch) There aren’t many books about investing that remain relevant over 40 years after they were first published. Burton Malkiel’s A Random Walk Down Wall Street, first published in 1973 and now in its twelfth edition, is one. Malkiel’s observation […]
The era of stock buybacks could be over, economist Jim O’Neill says
(CNBC) The coronavirus pandemic has created an opportunity for governments and companies to address social and environmental goals, according to former Goldman Sachs Asset Management Chairman Jim O’Neill. O’Neill said companies could be moving into a new era of “stakeholder […]
Final Judgments Entered as to Massachusetts-Based Investment Adviser and Relief Defendants
(HedgeCo.Net) The U.S. District Court for the District of Massachusetts has entered final judgments against two relief defendants, Brad and Brian Herman, in connection with the SEC’s civil action against Massachusetts-based investment adviser Gregg Caplitz and his former advisory firm. […]
Manager due diligence in times of Covid-19
(HedgeWeek) By Patrick Ghali, managing partner and co-founder, Sussex Partners – A lively debate is currently taking place amongst allocators as to whether onsite due diligence and face-to-face meetings are still necessary given the current environment. The simple answer must […]
LoCorr’s Macro Strategies Fund reaches USD1bn in total assets
(Hedgeweek) The LoCorr Macro Strategies Fund (LFMAX, LFMCX, LFMIX), has surpassed the milestone of USD1 billion in net assets. To read this article:
Pandemic prompts 84% money managers to keep offices closed, says survey
(Opalesque) Offices remained closed for 84% of the money managers surveyed, with the vast majority of employees working remotely across essentially all firms, said a survey. According to the survey from investment consultant Callan, 41% of those managers were uncertain […]
