Monthly Archives: May 2020
Elliott Management financing major patent lawsuit against streaming startup Quibi
(Marketwatch) Hedge fund Elliott Management Corp. is financing a high-stakes patent lawsuit against Quibi, the new streaming service founded by entertainment veteran Jeffrey Katzenberg, according to people familiar with the situation, putting power players of Wall Street and Hollywood on […]
Stocks are in little danger of retesting the March low, top strategist Art Hogan says
(CNBC) National Securities’ Art Hogan believes the consensus view that stocks must retest the March low is wrong. According to Hogan, there are too many unprecedented factors, including an intentional decision to freeze the economy, to suggest the market will […]
The impact of COVID-19 on activist investing
(Opalesque) Activist investing could drop to levels not seen since 2014 in the immediate aftermath of the coronavirus outbreak, according to new research from Activist Insight. Data in the report shows that there was a significant uptick in proxy statements […]
Very negative” stance powered Pershing Square gains – but Ackman does not see protracted slump
(Hedgeweek) Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar $2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result […]
The impact of COVID-19 on activist investing
(Opalesque) Activist investing could drop to levels not seen since 2014 in the immediate aftermath of the coronavirus outbreak, according to new research from Activist Insight. Data in the report shows that there was a significant uptick in proxy statements […]
Coronavirus hits private equity cashflow
(Opalesque) New research by Oliver Gottschalg, Associate Professor of Strategy and Business Policy at HEC Paris, predicts a possible shortfall of private equity (PE) net cash flows of 65% in distributions in 2020. This corresponds to an 11.3% drop off […]
Hedge funds are affected by the COVID-19 pandemic, says Preqin
(Opalesque) 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 S&P 500 Index fell by 20.00% in the first quarter of […]
Dow futures fall more than 300 points after Wall Street wraps up best month in three decades
(CNBC) Stock futures fell sharply in Friday early morning trade as investors pored through the latest batch of big tech earnings after Wall Street wrapped up its best month in decades. Dow Jones Industrial Average futures traded 346 points lower, […]
CTA/managed futures funds outperformed other hedge fund strategies despite weakness in energy sector
(Opalesque) Hedge fund managers were down 6.00% in March 2020 (-7.6% YTD), outperforming global equities which languished 13.99% over escalating COVID-19 outbreak concerns, reports data provider Eurekahedge. Around 80% of the hedge fund managers tracked by Eurekahedge were able to […]
Jobless claims surge to more than 30 million — here’s what to watch
(CNBC) Jobless claims continue to rise. New claims reached 3.84 million last week, bringing the total to 30.3 million for the last six weeks. The number of total claims makes this the worst unemployment crisis in U.S. history. To read […]
SEC Awards Over $18 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose significant information prompted an examination that resulted in an important enforcement action. The whistleblower repeatedly reported the problem internally before contacting […]
Apple CEO Tim Cook says company saw an ‘uptick across the board’ in late April thanks to stimulus and work from home
(CNBC) Apple isn’t providing June quarter guidance, but executives gave significant insight into how the company is dealing with the coronavirus pandemic and the economic fallout in a conference call with analysts. Apple CEO saw an ‘uptick across the board’ […]
