Monthly Archives: February 2020
China’s virus paralysis
(Reuters) -Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid 1/COUNTING THE ECONOMIC TOLL The coronavirus continues to claim lives, yet the impact on global demand and companies […]
ABN AMRO Clearing Chicago Charged With Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that ABN AMRO Clearing Chicago LLC will pay more than $586,000 to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs are U.S. securities that represent foreign shares of […]
Paul Singer’s Elliott Management invests more than $2.5 billion in SoftBank
(CNBC) Billionaire investor Paul Singer’s hedge fund, Elliott Management, has taken a more than $2.5 billion stake in SoftBank, CNBC has confirmed. The investment is being led by Singer’s son, Gordon, a source told CNBC’s David Faber. Top staffers from […]
SEC’s shareholder advice proposal draws ire from Republican hedge fund donors
(Reuters) – The U.S. securities regulator is on a collision course with powerful hedge funds executives, including former White House advisor Carl Icahn and Republican mega-donor Paul Singer, over a proposal they say could reduce shareholder voting rights. To read […]
Dow hits record, Twitter soars, Tesla recovers
(CNBC) The Dow climbed about 89 points to finish the session, rising for a fourth straight day and hitting a record close. The gains on Thursday brought the 30-stock index’s week-to-date rise to about 1,100 points. The S&P 500 ended […]
Hedge fund manager Steve Cohen ends negotiations with Wilpons to buy the NY Mets
(CNBC) Hedge fund titan Steve Cohen has ended negotiations to buy the New York Mets, sources familiar with the situation said. To read this article:
EEX reports increased volumes across power and freight markets in January
(Hedgeweek) A total volume of 10.1 TWh was traded in EEX’s intraday power markets in January 2020, a 46 per cent increase year on year. To read this article:
Private equity assets under management (AUM) crosses the $4tn threshold in 2019
(Opalesque) The private equity industry’s assets under management (AUM) crossed the $4tn mark, which puts private equity on course to reach $5tn in AUM by the end of 2022. To read this article:
Institutional investors taking the concept of ESG seriously with hedge fund managers
(Opalesque) An increasing number of institutional investors are requiring their hedge fund managers to incorporate environmental, social and governance (ESG) factors in the course of their investment activities, said a study. To read this article:
The unlisted infrastructure industry AUM to hit $1tn by the end of 2022
(Opalesque) The unlisted infrastructure funds assets under management (AUM) hit record highs in 2019, and the growth of the industry shows no signs of slowing as infrastructure boom set to continue in 2020, said a report. To read this article:
David Tepper says coronavirus ‘may be a game changer’ for market
(CNBC) Billionaire hedge fund manager David Tepper, who was bullish on the market just a few weeks ago, said the coronavirus outbreak has changed the environment around stocks. To read this article:
Short sellers are propelling the stock market higher, Jim Cramer says
(CNBC) The stock market is rallying, and short sellers who reacted to last week’s declines are partly responsible for it, CNBC’s Jim Cramer said this week. “So much of today’s rally took place on the backs of hedge funds who […]