Monthly Archives: February 2020
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:
HFRI mixed in January as virus contagion fears drive volatility
(Opalesque)Hedge funds posted mixed performance in January, as fears of contagion related to the coronavirus drove global equity market volatility into month-end. The HFRI Fund Weighted Composite Index posted a narrow decline of -0.19 percent for January, with declines in […]
Hedge funds using artificial intelligence/machine have more than doubled since 2016
(Opalesque) The proportion of systematic hedge funds launched in 2019 that use artificial intelligence/ machine learning (AIML) is over double the proportion in 2016 (23% vs. 10% respectively), said Preqin. To read this article:
Alternatives AUM crosses $10tn milestone despite challenging market conditions
(Opalesque) The alternatives industry has just set a new record: global assets under management (AUM) have surged to $10.31tn. According to Preqin, the industry is now well on its way to meeting Preqin’s 2018 forecast of $14tn in AUM by […]
U.S.-hedge fund Falcon Edge Capital in talks for $250 mln India-focused fund
(Reuters) American hedge fund Falcon Edge Capital, best known in India for investing in Ola and Dailyhunt among others, is in talks to raise a debut India-focused fund of $250 million, said two people aware of the matter, requesting anonymity. […]
Gold prices tick up as virus fears stoke safe-haven demand
(Reuters) – Gold prices edged up on Monday as rising concerns over the new coronavirus and its impact on global growth outweighed encouraging U.S. economic data and drove purchases of the metal. To read this article:
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: