Monthly Archives: May 2020
Stock futures point to little change on Wall Street ahead of Trump’s U.S.-China news conference
(CNBC) Stock futures slipped early Friday morning as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.Dow Jones Industrial Average futures dipped 127 points, implying a Friday opening dip of around 25 points. S&P 500 […]
Elon Musk earns first performance-based payout from Tesla, worth more than $700 million
(CNBC)Tesla confirmed that CEO Elon Musk earned the first tranche of his massive incentive payout, in a document filed with the Securities and Exchange Commission on Thursday.The tranche is comprised of about 1.7 million shares of Tesla, and would be […]
Goldman Sachs unintentionally sparked a war with cryptocurrency evangelists
(CNBC)Goldman Sachs isn’t convinced there’s a case for investing in cryptocurrencies like bitcoin. Crypto evangelists — perhaps unsurprisingly — aren’t impressed with its assessment. The U.S. bank’s consumer and investment management division released a slide deck ahead of an investor […]
IMF says pandemic may skew economic data and cause them to be less accurate
(CNBC) Key economic indicators may be skewed, and perhaps less accurate, as a result of the coronavirus pandemic, according to the International Monetary Fund. To read this article:
Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing
(Reuters) – Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a “significant loss” days after it filed for bankruptcy protection. According to a regulatory […]
With $4 million VC raise fresh in hand, SMArtX takes next step to shed Black Diamond shadow by hiring a president/COO who casts his own
(RIABiz) Just two months after it raised $4 million to seed a business model shift, SMArtX is hiring as president a former Northern Trust executive to sell to his former peer group. To read this article:
Ackman says hedge fund up 27% year to date, dumped Berkshire
(Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and […]
Private Equity Firm Ares Management LLC Charged With Compliance Failures
(HedgeCo.Net) Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay one million dollars to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse […]
Hedge funds target France as short-selling bans lifted
LONDON (Reuters) – A cluster of big name hedge funds have started betting against French companies, moving in after the lifting of a short-selling ban imposed earlier this year to calm financial markets, an analysis of regulatory filings showed. To […]
CMBS could be hit harder than the ’08 sub-prime market, says Deer Park Road CIO
(Hedgeweek) Deer Park Road is maintaining an aggressive short position in commercial mortgage backed securities as the market continues to fall because of lockdown. Although the Colorado-based structured credit manager, which was established by Michael Craig-Scheckman in 2003, expects to […]
Dow futures pop 150 points after blue-chip index rallies back above 25,000
(CNBC) Futures contracts tied to the major U.S. market indexes rose Wednesday evening as investors looked to add to Wall Street’s robust gains so far this week. Dow Jones Industrial Average futures rose 144 points, indicating an opening gain of […]
Asset managers shun traditional asset classes and line-up alternatives, multi-asset and ESG fund launches
(Hedgeweek) The UK’s largest investment managers are moving away from traditional asset classes when prioritising new product launches for 2020, according to the latest Product Trends Survey from Alpha FMC, the asset and wealth management consultancy. To read this article:
