Monthly Archives: April 2020
Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell:
(Reuters) – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony Scaramucci wrote in a letter to […]
Hedge funds and private equity firms won’t get PPP loans-SBA
(Reuters) – Hedge funds and private equity firms are not eligible for the types of U.S. government loans designed to provide relief to small businesses from the economic hardship of the coronavirus outbreak, the Small Business Administration said on Friday. […]
Blackstone’s hedge fund investments tumble 8 per cent during “unprecedented” Q1 sell-off
(Hedgeweek) Blackstone saw its hedge fund performance fall more than 8 per cent during a torrid first quarter – but the world’s largest alternative investment manager has grown its overall assets over the past year, and now has USD150 billion […]
Stock futures positive as oil declines and traders weigh prospects of re-opening the economy
(CNBC) Stocks futures were higher on Sunday night, as oil prices fell, while investors assessed the possibility of re-opening the global economy after the coronavirus outbreak. Dow Jones Industrial Average futures were up 113 points, implying a Monday opening gain […]
White House economic advisor Kevin Hassett says unemployment rate will approach Great Depression
(CNBC) White House economic advisor Kevin Hassett warned on Sunday that unemployment could hit levels not seen since the Great Depression as the economy contracts dramatically while businesses in most parts of the nation remain shuttered due to the coronavirus […]
Boeing’s big week includes first-quarter results and government aid deadline
(CNBC) In the next week, Boeing will hold its annual meeting, report first-quarter results and face the application deadline for a multi-billion dollar aid package from the federal government. To read this article:
Trend-following hedge funds continue to advance
(Hedgeweek) Trend-following hedge fund strategies are maintaining their recent positive momentum, with Société Générale’s CTA indices broadly showing further gains in April as fresh turmoil in commodities markets underpin continuing market uncertainty. To read this article:
ORIX USA agrees MBO at Mariner Investment Group
(Hedgeweek) ORIX Corporation USA (ORIX USA) is to sell Mariner Investment Group (Mariner) to Curtis Arledge, Mariner Chairman and CEO, William Michaelcheck, Mariner Founder, Partner and Co-Chief Investment Officer and other senior members of the firm. To read this article:
Federal Court Orders Defendants to Pay Over $1.7 Million to Settle CFTC Enforcement Action Charging Fraud and False Statements
(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 of permanent injunction against defendants Simon Jousef of Ontario, Canada and his business, FuturesFX, imposing more […]
Discretionary macro hedge funds weather economic turmoil
(Hedgeweek) Many discretionary macro managers are successfully capitalising on the continuing global economic upheaval, with solid first quarter gains that may hint at a reversal of fortunes for a strategy beleaguered by assorted challenges and high-profile closures in recent years. […]
SEC Settles Securities Fraud Charges Against Former Investment Adviser
(HedgeCO.Net)The Securities and Exchange Commission has announced that defendant Barry R. Bekkedam has agreed to resolve the SEC’s charges that he fraudulently induced, or assisted others in inducing, his advisory clients and others to invest approximately $100 million in an […]
House passes $484 billion bill to boost small businesses and hospitals, sends it to Trump
(CNBC) The House passed a $484 billion package Thursday to bolster small businesses and hospitals ravaged by the coronavirus crisis and expand testing desperately needed to start the return to normal life. To read this article:
