Monthly Archives: May 2020
SEC Shuts Down Fraudulent Investment Adviser Targeting Senior Citizens
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against a California-registered investment adviser and his entities to halt an ongoing Ponzi scheme targeting senior […]
Short-term trend-following hedge funds continue to thrive, but other CTAs slip into red
(Hedgeweeek) Short-term trend-following hedge fund strategies are maintaining their positive momentum in May, but other managed futures strategies have dipped into negative territory in recent weeks. To read this article:
Hedge funds increased exposure to growth favorites in first quarter: Goldman
(Reuters) – Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com Inc and Microsoft Corp in the first quarter of 2020 as the COVID-19 pandemic pummeled U.S. markets, Goldman Sachs analysts said in a report. The two […]
Performance gains in April nearly push hedge fund AUM back above $3tn, but redemptions persist
(Opalesque) Investors continued to pull money out of hedge funds in April, withdrawing $18.1 billion from hedge funds around the world last month, according to the just-released April 2020 eVestment Hedge Fund Asset Flows Report.That was less than the $24 […]
Tiger Global tops the list US-based venture capital market
(Opalesque) Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised […]
Genesis acquires institutional custodian Vo1t
(Hedgeweek) Digital currency trading and lending specialist Genesis has acquired Vo1t, an insured digital custody service. To read this article:
Ark Invest CEO: Why we’ve sold Tesla despite our long-term bull case
(CNBC) Ark Invest, the firm known for its $7,000 price target on the stock of Tesla, has faced some disbelief for selling shares of the electric auto maker. Though Tesla remains the firm’s top holding, Ark has slashed its stake […]
Bear market rally or new bull? Breaking down the market after another winning week
(CNBC) How are we to characterize this stock-market struggle of the past three months and beyond? By the most simplistic definition, it became a bear market when the S&P 500 dropped more than 20% from its high, which it did […]
Insurers reduce hedge fund exposure
(Opalesque) For a fourth straight year, the U.S. insurance industry reduced its hedge fund investments. Insurers pulled out $2.6 billion in 2019, bringing total exposure to $11.9 billion, according to new research from AM Best. To read this article:
Eleven Hedge Fund Traders Scored Big During Worst of the Crisis
(Bloomberg) A small group of hedge funds managed to overcome the fast and furious market rout in March as the coronavirus pandemic sent countries around the world into a lockdown. Most hedge funds, including those run by industry titans such […]
SEC Charges Company for Misleading Covid-19 Claims
(HedgeCo.Net) According to the SEC’s complaint, filed in federal court in the Southern District of New York, Applied BioSciences issued a press release on March 31 stating that it had begun offering and shipping supposed finger-prick COVID-19 tests to the […]
Short-term trend-following hedge funds continue to thrive, but other CTAs slip into red
(Hedgeweek) Short-term trend-following hedge fund strategies are maintaining their positive momentum in May, but other managed futures strategies have dipped into negative territory in recent weeks. To read this article:
