Monthly Archives: May 2020
Bankrupted JC Penney plans to spin its properties into separate real estate company
(CNBC) A piece of J.C. Penney’s proposal to emerge from bankruptcy includes spinning its real estate into a publicly traded real estate investment trust. As part of a plan filed with the bankruptcy court, Penney would reorganize into a new […]
Stocks could be stuck in a range until there’s more proof reopenings are reviving the economy
(CNBC)Coming off a volatile week, analysts expect stocks to continue navigating choppy trading as investors try to build a view of what the economy will look like once states reopen. Recent data on April employment and consumer spending show the […]
SEC Charges Companies and CEO for Misleading COVID-19 Claims
(HedgeCo.Net) The Securities and Exchange Commission has announced charges in two cases involving companies that claimed in press releases to offer products to combat the COVID-19 virus – one against Applied BioSciences Corp. and one against Turbo Global Partners, Inc. […]
CTAs gained 1.43% through the end of April
(Opalesque) As the economic toll of the novel coronavirus mounted, managed futures posted another positive month in April and gained 0.12% according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Year-to-date, CTAs gained 1.43% through […]
COVID-19: Preqin’s view of the impact on alternatives
(Opalesque) The industry faces short-term disruption due to the pandemic, but the longer term impact is more positive COVID-19 is having a sizeable impact on the business operations of both fund managers and investors, reports research house Preqin. Disruption caused […]
COVID-19: With a total of 963 deals aggregating $27bn in Q1, 2020, US venture capital deals fell 19%
(Opalesque) Following a strong 2019, venture capital deal flow in the US slowed in Q1 2020 as COVID-19 introduced practical challenges for dealmakers, said a study. A total of 963 deals were completed in the US for an aggregate $27bn […]
High-conviction long bets outperformed high-conviction shorts during Q1 chaos, says MSCI study
(Hedgeweek) High-conviction long-positioned hedge fund portfolios outperformed high-conviction short portfolios during the recent market meltdown, according to new MSCI research exploring how hedge fund managers navigated Q1’s unprecedented volatility surge. To read this article:
White House would likely support a new round of stimulus checks, sources say
(CNBC)White House likely to support new round of stimulus checks. The White House would likely support another round of stimulus checks, two senior administrative officials told CNBC on Thursday. To read this article:
JC Penney is planning to file for bankruptcy in the next day, sources say
(CNBC) J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC. Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they […]
Stock futures little changed after Thursday’s strong gains on Wall Street
(CNBC) U.S. stock futures were largely flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures dipped 15 points, implying a Friday opening decline of around […]
Morgan Stanley Smith Barney Charged With Providing Misleading Information to Retail Clients
(HedgeCo.Net) Morgan Stanley Smith Barney LLC (MSSB) has agreed to settle charges that it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs. MSSB has agreed to pay a $5 million […]
Man Group sounds alarm on emerging markets, amid rising debt and growing Covid-19 cases
(Hedgeweek) Emerging markets assets are expected to further weaken this month, as EM economies grapple with a rise in Covid-19 cases and an uncertain recovery in China, Man Group officials said on Tuesday. To read this article:
