Monthly Archives: April 2020
Glade Brook pitches ‘extraordinary opportunity’ in tech debt amid coronavirus
(Reuters) – Glade Brook Capital Partners LLC, the venture capital firm led by Paul Hudson, is pitching a new fund to investors targeting the debt of private technology companies impacted by economic disruption from COVID-19. To read this article:
Stocks rally as investors ask the ‘wrong question’ about coronavirus and reopening the economy,
(Marketwatch) Investors and economists are flying blind regarding the return of aggregate demand To read this article:
SEC Charges Former Financial Services Executive With FCPA Violations
(HedgeCo.Net) A former executive of a financial services company has been charged with orchestrating a bribery scheme to help a client to win a government contract to build and operate an electrical power plant in the Republic of Ghana in […]
Scaramucci’s SkyBridge Sinks 22% This Year on Market Turmoil
(Bloomberg) SkyBridge Capital, the investment firm founded by Anthony Scaramucci, suffered a roughly 22% plunge in the first three months of the year, according to a person with knowledge of the matter. To read this article:
ETF Investors Are All-In on Stimulus With $17 Billion Stock Bet
(Bloomberg) As stocks posted their biggest weekly gain since 1974, skeptical Wall Street veterans shook their heads in amazement. But exchange-traded fund investors did what they always do — they piled in. To read this article:
Dow futures jump more than 200 points ahead of earnings season
(CNBC) Stock futures rose in overnight trading Monday as investors brace for what could be an ugly earnings season with the coronavirus wreaking havoc on global corporate profits. Futures on the Dow Jones Industrial Average rose 256 points, pointing to […]
Leon Black says market downturn has ‘shown us the benefit’ of Apollo’s strategies
(Marketwatch) Leon Black says market downturn has ‘shown us the benefit’ of Apollo’s strategies…“Clearly the first and foremost thing we do is protect our own portfolio for our investors, but because we have a very strong balance sheet and a […]
Goldman Sachs abandons its bearish near-term view on stocks, says the bottom is in
(Marketwatch) A big question to start the week is whether investors have gotten ahead of themselves, after the S&P 500 managed its best weekly gain in 45 years as the Federal Reserve threw more money at the economy. Banks may […]
The S&P 500 has rebounded 25% in less than three weeks. Here’s what’s going on
(CNBC) Through Thursday’s close, the S&P 500 has rallied nearly 25% from a low reached on March 23. The broader market average has also retraced half of its initial drop from its record high. The Dow Jones Industrial Average is […]
Why emerging markets hedge funds face “uneven recovery” after Covid-19 shock
(Hedgeweek) Hedge funds trading emerging markets strategies face major dispersion in their assets, as the impact of Covid-19 – and the resulting government responses – diverges sharply across different regions and countries. To read this article:
Seven Charged in Microcap Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission charged Massachusetts resident Douglas Leighton for a scheme in which he allegedly acquired discounted shares in a microcap company, knowingly failed to disclose his holdings and sales, and manipulated the public market for those […]
CFTC Extends Certain Comment Periods in Response to COVID-19
(HedgeCo.Net) The Commodity Futures Trading Commission today announced that it has voted to extend certain currently-open comment periods in light of the COVID-19 (coronavirus) pandemic. The extensions encompass rules proposed by the Division of Market Oversight (DMO) for which current […]
