Monthly Archives: May 2020
Cryptocurrency Hedge-Fund Survey Hints at Big Quant Disparities
(Bloomberg) (Bloomberg) — Cryptocurrency-focused hedge funds’ assets under management jumped in 2019, according to a new survey, but there were some big differences in performance during the year. To read this article:
Mnuchin says jobless numbers will ‘get worse before they get better’ — unemployment may have hit 25%
(CNBC) Treasury Secretary Steven Mnuchin acknowledged Sunday that the U.S. unemployment rate may have already reached 25% as the administration works to reopen the economy amid the coronavirus pandemic. To read this article:
Elon Musk threatens to move Tesla out of California, then files lawsuit
(Narketwatch) Tesla Inc. Chief Executive Elon Musk tweeted Saturday he will move the Silicon Valley car maker’s headquarters and operations out of California as the company’s main car-making factory remains closed. To read this article:
For central banks, hope for precision fades amid pandemic uncertainty
(Reuters) – Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis that has no clear destination yet to guide households […]
SEC Files Charges in International Ponzi Scheme
(HedgeCo.Net) The SEC’s alleges that, from at least January 2016 to May 2019, Elliott, operating through Piptastic, falsely represented to investors that he would use their money for an overseas fund that purportedly engaged in a trading strategy known as […]
OECD reports on FDI flows in the time of COVID-19
(Opalesque) COVID-19 has provoked a global health crisis and severe economic disruptions. This is also impacting the foreign direct investment (FDI) decisions of firms. What is this likely to mean for FDI flows in 2020? To read this article:
Alternative asset industry faces short-term disruption but positive longer-term outlook
(Opalesque) The economic interruption and travel restrictions have led investors to delay making fund commitments, and fund managers have faced challenges in fundraising, deal origination, and portfolio company operations, said a survey. To read this article:
SEC Charges Bloomberg Tradebook for Order Routing Misrepresentations
(HedgeCo.Net) The Securities and Exchange Commission today filed settled charges against registered broker-dealer Bloomberg Tradebook LLC for making material misrepresentations and omitting material facts about how the firm handled certain customer trade orders. The SEC’s order finds that Tradebook routed […]
‘There is no point’ in the Fed going to negative interest rates, argues JPMorgan
(CNBC) As markets begin pricing in the possibility of the Federal Reserve bringing interest rates into negative territory, JPMorgan Asset Management’s David Kelly argues that such a policy move makes little sense. To read this article:
Dow futures up nearly 300 points after Nasdaq Composite claws back 2020 losses, jobs report ahead
(CNBC) U.S. stock futures rose Thursday night after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. Dow Jones Industrial Average futures were up by 278 points, implying an opening gain of about […]
Cryptocurrency market jumps by over $13 billion driven by bitcoin as major technical event approaches
(CNBC) A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. To read this article:
As the S&P 500 surges from March lows, investors fled the most popular stock-market fund
(Marketwatch) Tom McClellan, market technician and publisher of the McClellan Market Report, says investors are fleeing one of the most popular exchange-traded funds on Wall Street, even as stocks rally off their March lows. The State Street-sponsored SPDR S&P 500 […]
