Monthly Archives: May 2020
“Best of luck”: ARP CIO Jensen warns of “short attention span” amid stock market rally
(HedgeWeek) The recent equity market rally is unlikely to stave off the “devastating” economic impact of Covid-19 this year, according to Absolute Return Partners’ founder and CIO Niels Clemen Jensen. To read this article:
Hedge funds’ use of alternative data tipped to surge, new industry study finds
(HedgeWeek) More than half of hedge fund managers are now using alternative data to gain a competitive edge, according to a wide-ranging new study into alt data trends by the Alternative Investment Management Association and fund services provider SS&C. To […]
Fed says it will start buying corporate bond ETFs in early May
(Marketwatch) The Federal Reserve said it would start buying corporate bond exchange-traded funds in early May, as it offered up further details on its planned purchases of debt from U.S. businesses on Monday. Soon after, the central bank will start […]
80% of hedge funds outperformed global equity market in March
(Opalesque) In the week ending May 1st 2020, Preqin said that the Preqin All-Strategies Hedge Fund benchmark generated a loss of 10.38% in Q1 2020, all but erasing the annual gain of 10.97% made in 2019. But given that the […]
Neiman Marcus is likely just the start: Analysts expect 100,000 stores to close by 2025
(Marketwatch)Analysts forecast 100,000 stores will close by fiscal 2025, with apparel retailers the hardest hit at 24,000 closures. To read this article:
Law firm reports on how hedge funds are faring in the time of the pandemic
(Opalesque) How are hedge fund managers raising capital, launching funds, managing withdrawals, and communicating with investors these days? Apparently, the need for on-site due diligence can be a show-stopper, especially for less well-established funds. To read this article:
Wall Street strategist says stocks are at a ‘perfect place’ for battle between Fed and economy
(CNBC) The stock market is in the “perfect place” for a struggle between support from the Federal Reserve and the economic issues facing the United States, and investors should wait for signs that the Fed is winning before buying in. […]
Hedge funds make money in April, Ackman gains 13.6% in month
(Reuters) – Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades, thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said. To […]
SEC Charges Investment Adviser For Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Donald J. Kellen, an investment adviser representative based in Palos Verdes Estates, California, for conducting a multi-year cherry-picking scheme that defrauded his clients. According to the SEC’s complaint, from about […]
Citadel Hedge Fund gains 4% in April
(Reuters) – Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said. Citadel, […]
Buffett says he dumped entire stake in airline-sector stocks: ‘The world changed for airlines’ amid coronavirus
(CNBC) Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking […]
Dow futures fall more than 100 points amid concerns over reopening the economy
(CNBC) Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Dow Jones Industrial Average futures were down by 152 points, pointing to a Monday opening decline […]
