Monthly Archives: June 2020
ETFGI reports assets invested in ESG ETFs and ETPs listed globally reached a new record of $82bn at the end of May 2020
(Opalesque) ETFGI, the independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gathered net inflows of US$4.33 billion during May, bringing year-to-date net inflows […]
Financial advisors embrace virtual route as prospecting takes a hit during the pandemic
(Opalesque) Two-thirds of advisors have scaled back on prospecting for new clients during the first few months of COVID-19. Technology has become a vital tool for investment firms to conduct business, which includes prospecting and marketing activities. A recent survey […]
Clearlake acquires majority stake in CLO specialist WhiteStar
(Opalesque) Private equity firm Clearlake Capital Group has acquired a majority stake in credit manager WhiteStar Asset Management, that specializes in collateralized loan obligations (CLO). To read this article:
Survey finds New York investment managers bullish on return to office in 2020
(Opalesque) A majority of alternative investment managers (54%) expect to fully return to their offices by the end of the calendar year, according to The Seward & Kissel Alternative Investment Manager COVID-19 Survey, a survey of managers of hedge funds, […]
Stock futures dip after bank stress test results, Nike reports surprise loss
(CNBC) U.S. stock futures slipped on Thursday night following the release of the Federal Reserve’s latest bank stress-test results and disappointing quarterly numbers out of Nike. Dow Jones Industrial Average futures dipped 89 points, or 0.4%. S&P 500 fell marginally […]
White House ‘very seriously considering’ another stimulus bill
(Marketwatch) The Trump administration is “very seriously considering” another stimulus bill as the coronavirus pandemic continues, Treasury Secretary Steven Mnuchin said Tuesday Night. To read this article:
SEC Awards $125,000 to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of about $125,000 to a whistleblower whose information and assistance helped both the SEC and another agency bring successful actions against the perpetrator of a fraudulent securities offering. “The whistleblower’s […]
Defendant Charged in Fraudulent Ico Ordered to Pay $450,000
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has obtained a final judgment in a district court action against Eran Eyal, the founder and former chief executive officer of UnitedData, Inc. d/b/a/ Shopin, for conducting an allegedly fraudulent […]
Pandemic lockdown is accelerating hedge fund outsourcing trends
(Hedgeweek) The trend towards outsourcing – a continually evolving sphere within the global hedge fund industry – is likely to have been further accelerated by the coronavirus pandemic, as managers embrace the ‘digital-first’ approach brought about by the coronavirus lockdown, […]
L/S Credit and Special Situations strategies outperform in June
(Opalesque) Lyxor Peer Groups suggest hedge fund performance was flat mid-June. Equity-related strategies underperformed and CTA/ Market Neutral L/S outperformed due to the brief risk-off episode on June 11 when the S&P 500 fell -5.9% in a day. “On a […]
SG Americas to Pay $3.1 Million to Settle Charges of Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against broker-dealer SG Americas Securities LLC for failing to provide complete and accurate securities trading information known as “blue sheet data.” SG Americas agreed to pay a $1.55 million civil penalty […]
Hedge fund titan Ackman seeks $3 bn for largest-ever blank-check company
(Reuters) Billionaire investor William Ackman is looking to raise $3 billion and commit at least $1 billion from his hedge fund Pershing Square Capital Management LP for a new blank-check investment vehicle, the largest of its kind. To read this […]