Monthly Archives: April 2021
Hedge funds return 1.23% in March, up 4.93% year to date
(Opalesque) The hedge fund industry continued its positive run in March returning 1.23% for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison the S&P […]
Man Group reports $600m inflows, confident of more in coming quarters
(Opalesque) British hedge fund manager Man Group said it saw a rise in funds under management in the first quarter, driven by investment gains and net fund inflows. The London-listed company said it had funds under management of USD127.0 billion […]
Morgan Stanley reveals $911 million Archegos loss as profit jumps
(Reuters) Morgan Stanley (MS.N) lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said on Friday, muddying its 150% jump in first-quarter profit that was powered by a boom in trading and deal-making. Morgan […]
Credit Suisse sued over risk exposure to Greensill Capital, Archegos
(Reuters) A pension fund filed a lawsuit against Credit Suisse Group AG (CSGN.S) on Friday in a U.S. court, accusing the Swiss bank of misleading investors and mismanaging risk exposure to high-risk clients, including Greensill Capital and Archegos Capital Management. […]
Private debt fund managers closed 32 funds raising a combined $25bn in Q1 2021
(Opalesque) Private debt fundraising slowed in the first quarter of 2021, hit by rising uncertainty around a pickup in inflation expectations, said a report. According to Preqin Quarterly Update Private Debt Q1 2021, the quarter saw private debt fund managers […]
Stock futures mixed after Dow, S&P 500 close at record highs
(CNBC) U.S. stock index futures were mixed in early morning trading on Monday, after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday. Futures contracts tied to the Dow slid 80 points while S&P 500 […]
SEC Charges IIG Co-Founder Martin Silver With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced partially settled charges against Martin Silver of Long Branch, New Jersey, in connection with a fraudulent scheme to overvalue assets held in a hedge fund offered by his investment advisory firm, International […]
Hedge fund titans fight back as larger managers pull ahead in March
(Hedgeweek) Larger hedge funds have entered the second quarter on a high after a staging an impressive fightback which saw them generate above-average returns in March after lagging the industry average during the first two months of the year. To […]
Global private equity assets under management climb to record high of $5tn
(Opalesque) Global private equity recovered strongly in Q1 2021 after a turbulent year. Assets under management (AUM) surpassed a record $5tn as of September 2020, bolstered by rising valuations in both private and public markets, said Preqin. More impressive is […]
Dow jumps 300 points to top 34,000 for the first time amid blowout economic data
(CNBC) U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market. The Dow Jones Industrial Average rose 305.10 points, or 0.9%, […]
So far in earnings season, companies are reporting numbers way above what Wall Street expected
(CNBC) Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the economic […]
Fed’s Daly calls for Treasury market reforms, hedge fund scrutiny
(Reuters) San Francisco Federal Reserve Bank President Mary Daly on Thursday called for Treasury market reforms and renewed scrutiny on hedge funds and other nonbank financial entities to help plug financial system vulnerabilities that could reemerge in the next big […]
