Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Hedge funds continue the positive run for the third consecutive month in June

(Opalesque) Hedge funds advanced in June for the third consecutive month, concluding a volatile 1H20 defined by a steep 1Q global equity market decline driven by the global coronavirus pandemic followed by a mixed 2Q recovery despite ongoing virus concerns […]

Private equity portfolio companies weathering the Covid-19 storm

(Opalesque) Private equity portfolio companies are largely weathering the storm caused by the coronavirus crisis, new research from risk management firm Willis Towers Watson shows. The report revealed that despite a subdued environment for exit deals in the first six […]

KKR to buy Global Atlantic for $4.4bn

(Opalesque) Private-equity giant KKR agreed to acquire retirement and life insurance company Global Atlantic Financial Group for roughly $4.4 billion. According to the New York-based PE firm said it would pay the amount of Global Atlantic’s book value as of […]

Warren Buffett just dropped to his lowest ranking ever on the Bloomberg Billionaires Index

(CNBC) Looks like he’ll have to scrape by on a mere $68.6 billion. Warren Buffett, after giving away a $2.9 billion gift, has seen his wealth drop below those of Google’s GOOG, +1.00% Larry Page and Sergey Brin as well […]

Financial advisory firm tells clients Biden won’t be moving too far left if he becomes president

(CNBC) Financial advisory firm Signum Global Advisors told clients Thursday that it isn’t convinced Joe Biden is going to be as progressive as some may hope if he beats President Donald Trump in November. The firm told its corporate clients […]

Stock futures rise after Thursday’s wild session

(CNBC) Stock futures rose on Thursday night following a mixed session in which coronavirus concerns pushed investors further into tech shares. To read this article:

Treasury’s Mnuchin backs narrower coronavirus aid package as talks with Congress resume

(CNBC) Treasury Secretary Steven Mnuchin indicated Thursday that the White House will not back the kind of sweeping coronavirus relief it supported in earlier bills, instead opting for narrower aid even as the pandemic ravages the United States. To read […]

Amazon plans at least $100 million in stock awards to keep Zoox talent after $1.3 billion deal

(CNBC) Amazon plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of […]

Crispin Odey Hedge Fund’s Losses Deepen to 17.9% in First Half

(Bloomberg) The Odey European Inc. Fund fell in five out of six months, including a 7.3% drop in June, wiping out a surge during the market sell-off in March, according to a letter to investors seen by Bloomberg. Odey’s losses […]

The coronavirus has given investors a ‘once-in-a-lifetime opportunity,’ says hedge-fund billionaire

(Marketwatch) You’re not going to see this again: Where you’ve actually got an economy that’s fine, and you’ve got a Fed pumping trillions of dollars in.’That’s Marc Lasry, hedge-fund manager and billionaire co-owner of the Milwaukee Bucks, explaining his stance […]

Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis

(CNBC) Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net change in Q2 payouts, or the difference between increases and decreases, for all domestic common […]

Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

(CNBC) Brooks Brothers files for bankruptcy as coronavirus claims another storied retail brand The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers — pioneer of the polo and uniform of the polished […]