Monthly Archives: April 2020
COVID-19 ushers in biggest challenge for hedge funds since 2008 financial crisis
(Opalesque) Global hedge funds lost an average of -7.25% in March 2020, according to the latest eVestment hedge fund performance data, following weeks of financial markets, economic and human turmoil created by the world-wide COVID-19 pandemic. March’s average loss was […]
Established fund managers dominate natural resources fundraising market
(Opalesque) The global natural resources asset class has seen the best of times and the worst of times in 2019. Three months on and, if anything, the asset class faces even more challenges, said Preqin. A new war of attrition […]
Stock-index futures dragged lower while oil gains after historic agreement on output cuts
(CNBC) U.S. stock-index futures quickly give up early gains Sunday evening, as oil prices rose following a historic agreement by major producers to curb production, ending a price war between Saudi Arabia and Russia. Investors also remain focused on the […]
Private equity & venture capital total capital raised in Q1 2020 was up 12% on Q1 2019
(Opalesque) Amid the global economic disruption caused by the COVID-19 pandemic, although total capital raised in Q1 2020 was up 12% on Q1 2019, the number of private equity & venture capital (PEVC) funds closed marks one of the lowest […]
Here’s what advisors are doing to help clients — and themselves — amid coronavirus volatility
(CNBC) While calming clients and working with them to shore up their investment portfolios, many advisors themselves, as small-business owners, are facing their own unique income and investment challenges. We asked five certified financial planners, who are members of the […]
Investors bring class action suit against crypto exchanges and token issuers
(Opalesque) Two law firms are bringing a class action lawsuit against 11 of the worlds largest digital asset exchanges and token issuers. In September, the SEC ordered blockchain technology company Block.one to pay $24 million for conducting an unregistered initial […]
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
(CNBC) The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments. Stock futures jumped after the announcement, which came moments after the government reported that 6.6 […]
Bill Gates says U.S. government can’t ‘wave a wand’ and ‘all of a sudden the economy is anything like it was before’ the coronavirus pandemic
(CNBC) Bill Gates, who boasts a net worth of $103.4 billion, according to Forbes (making him the second wealthiest man in the world behind Amazon.com’s AMZN, -0.01% Jeff Bezos) has been one of the most vocal critics of the U.S. […]
“The liquidity barometer is very poor right now,” says Blueshift Asset Management’s Mani Mahjouri
(Hedgeweek) Last month, the impact of coronavirus caused stock markets to plummet. This led to a huge spike in volatility, with the VIX Index hitting a high of 82.69 on 16 March, benefiting macro strategies (according to the latest Q1 […]
US needs more ‘helicopter money’ to cushion coronavirus impact, says Anthony Scaramucci
(CNBC) The U.S. needs more “helicopter money” to help its economy recover from the effects of the coronavirus pandemic, said Anthony Scaramucci, a hedge fund investor who briefly served as President Donald Trump’s White House communications chief. He added that […]
JPMorgan now sees economy contracting by 40% in second quarter, and unemployment reaching 20%
(CNBC) JPMorgan economists cut their second-quarter forecast even more, now expecting the economy will decline by 40%. The economists said the 16.8 million jobless claims filed in the last three weeks indicate a huge surge in job losses, which they […]
Investors bring class action suit against crypto exchanges and token issuers
(Opalesque) In September, the SEC ordered blockchain technology company Block.one to pay $24 million for conducting an unregistered initial coin offering (ICO) of digital tokens that raised the equivalent of several billion dollars over approximately one year. The SEC said […]
