Monthly Archives: May 2020
Hedge fund redemptions jump to to $85.6bn in March
(Opalesque) The hedge fund industry felt the impact of the spreading COVID-19 pandemic in March as hedge fund redemptions jumped dramatically to $85.6 billion, a steep increase from February’s $8.1 billion in industry outflows. March’s redemptions represented 2.7% of industry […]
Stock futures flat following best day for market in six weeks on vaccine hopes
(CNBC) Stock futures held steady in overnight trading on Monday after the market scored its best day in six weeks on rising optimism about a coronavirus vaccine. Futures on the Dow Jones Industrial Average rose about 20 points, while the […]
Retail sales in the US could fall more than 6% in 2020: Euromonitor
(CNBC) There are still so many unknowns regarding the coronavirus pandemic and how it will continue to throttle the retail industry. But U.S. retail sales could be down at least 6.5% in 2020, according to new estimates from market research […]
Today’s stock market looks like March 2009, before the longest bull run in history
(Marketwatch) As investors navigate the coronavirus recession, the financial crisis a decade ago looms large in their collective memory, with pessimists arguing that the resulting bear market took 18 months to hit its lowest point and optimists countering that swift […]
U.S. funds rush to tech companies and battered energy stocks in first-quarter
(Reuters) – Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the coronavirus-fueled selloff in the first quarter. To read this article:
Credit Rating Agency Ordered to Pay $3.5 Million for Conflicts of Interest Violations
(HedgeCo.Net) New York-based credit rating agency Morningstar Credit Ratings LLC has been charged for violating a conflict of interest rule designed to separate credit ratings and analysis from sales and marketing efforts. Morningstar has agreed to pay $3.5 million to […]
Powell says GDP could shrink more than 30%, but he doesn’t see another Depression
(CNBC)The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday. The central bank […]
Dow futures jump 300 points, rebounding from last week’s losses
(CNBC) Futures contracts tied to the major U.S. stock indexes rose in early Monday morning trade as investors pored over comments from Fed Chairman Jerome Powell on the state of the economy, in light of last week’s market losses. Dow […]
Coronavirus crisis heralds major changes to the hedge fund/prime broker dynamic
(Hedgeweek) With the broader hedge fund industry facing multiple challenges around rising costs, squeezed profits, and a shifting regulatory backdrop, the prime brokerage sector will need to juggle future disruptions and sweeping changes in client activity as a result of […]
Despite COVID-19 challenges, capital flocked to mega VC funds in Q1 2020
(Opalesque) Raising capital in Q1 2020 was a challenge for some venture capital firms with the COVID-19 pandemic roiling economies across the globe.Just 83 US-based venture capital funds held a final close, down from 109 in Q1 2019, said a […]
100 largest US public plans’ funding rebounds significantly in April
(Opalesque) Funding for public pensions in the US in April rebounded significantly from the first quarter of 2020, with an aggregate 5.92% investment return for the month, after Q1’s dismal -10.81% asset performance. April’s market gains led to a $200 […]
SoftBank OKs $4.7 billion in stock buybacks; Jack Ma resigns from board
(Marketwatch) SoftBank Group Corp. 9984, +1.02% said late Sunday, Eastern time, that longtime board member Jack Ma has resigned, and the company announced up to $4.7 billion in share buybacks. Ma, the co-founder of Alibaba BABA, +1.18%, has long been […]
