Monthly Archives: June 2020
U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus
(CNBC) It’s the banking world’s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data. The wall […]
The World’s Biggest hedge fund warns-Investors could be looking at a ‘lost decade’ in the stock market
(Marketwatch) That’s part of the reason why Bridgewater Associates, the world’s biggest hedge fund, issued a warning to clients this week that equity investors could be facing a “lost decade” in terms of returns.“Globalization, perhaps the largest driver of developed […]
Deutsche Bank to Pay Over $10 Million to Settle Two CFTC Cases
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the settlement of two enforcement matters involving Deutsche Bank. In the first matter, Deutsche Bank AG (Deutsche Bank) resolved federal court charges stemming from alleged violations of various swap data reporting and […]
No “one-size-fits-all” in hedge fund fee structures
(Hedgeweek) The second day of this year’s hedgeweekLIVE North America digital summit featured a lively discussion on fee structures – a perennially-thorny issue in the global hedge fund industry – with panelists delving deep into the emerging trends in incentives […]
Sterling Group reels in $2bn for its fifth private equity fund
(Opalesque) Operationally focused middle-market private equity firm the Sterling Group has closed its fifth flagship private equity fund on a $2 billion hard cap, exceeding a predecessor that raised $1.25 billion in 2015. Founded in 1982 and based in Houston, […]
AllianceBernstein acquires boutique AnchorPath
(Opalesque) The global investment management firm AllianceBernstein (AB) has acquired Stamford, Connecticut-based boutique AnchorPath Financial, adding around $400m in assets under management.Financial terms of the deal were not disclosed. AnchorPath is an investment management firm founded in 2009. To read […]
Distressed debt funds numbers double to hit a record $72bn in capital
(Opalesque) Distressed debt funds on the road number an all-time high of 70 as managers prepare to deploy significant capital in the aftermath of COVID-19, said Preqin. The 70 such funds in the market represent a combined $72bn in the […]
Number of buyout fundraising deals in the U.S. dropped 50% in Q1 2020
(Opalesque) New research suggests that the coronavirus could have impacted private equity firms as the buyout fundraising in the US for the first quarter of 2020 declined by almost 50 percent QoQ and 20 percent YoY. However, it is still […]
Wells Fargo investment adviser to sell feeder fund platform to iCapital
(Reuters) Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount. The Wells Fargo global alternative investments feeder fund platform provides […]
Stock futures little changed as Wall Street tries to end the week on a high note
(CNBC)U.S. stock futures were little changed on Thursday night following a muted session in which traders grappled with disappointing unemployment data and rising coronavirus cases. Dow Jones Industrial Average futures gained just 27 points, but pointing to a Friday opening […]
Federal Court Orders Advisor to Pay $890,000 for Defrauding Church and Community Members in Forex Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Southern District of New York entered a consent order for permanent injunction and other equitable relief against defendant Brett G. Hartshorn of Sarasota, Florida, finding, […]
AmTrust Financial Services and Former CFO Charged With Faulty Loss Reserves Disclosures
(HedgeCo.Net) The Securities and Exchange Commission has charged international insurance company AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. with failing to disclose material facts about how the company estimated its insurance losses and reserves. They […]
