Monthly Archives: June 2020
Will the value of webinars in the hedge fund industry outlast COVID-19?
(Opalesque) By Donald A. Steinbrugge, CFA, founder and CEO, Agecroft Partners, LLC. Live conferences have consistently been popular within the hedge fund industry. However, most of the attendance has been dominated by a few high-profile industry conferences like SALT, Delivery […]
SoftBank plans to sell up to $21 billion worth of T-Mobile stock
(CNBC) SoftBank will sell up to about 198 million shares of T-Mobile stock worth about $21 billion, the telecom company announced Monday. The sale, which represents about 65% of SoftBank’s stake in T-Mobile, is part of SoftBank’s efforts to free […]
Stock futures recover after Peter Navarro clarifies that U.S.-China trade deal is not over
(CNBC) Stock futures recovered earlier losses after White House trade advisor Peter Navarro clarified that the U.S.-China trade deal is not over.As of Monday evening stateside, Dow Jones Industrial Average futures was near flat, implying a Tuesday opening gain of […]
The decline of the U.S. dollar could happen at ‘warp speed’ in the era of coronavirus, warns a prominent economist
(Marketwatch) Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in […]
SEC Awards Almost $700,000 to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of almost $700,000 to a whistleblower whose significant information helped the agency bring a successful enforcement action that resulted in the return of money to harmed investors. The whistleblower reported […]
Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the misappropriation […]
SS&C GlobeOp Forward Redemption Indicator at 4.24 per cent for June
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for June 2020 measured 4.24 per cent, up from 4.00 per cent in May. To read this article:
The risk-reward in the stock market isn’t looking good, warns fund manager overseeing $16 billion in assets
(Marketwatch) The stock market has already discounted a significant degree of the economic recovery. So, incrementally improving data here might not do much to lift prices. The risk-reward isn’t great here.’That’s Bryn Mawr Trust’s Jeffrey Mills, who oversees $16 billion […]
Stock futures rise as coronavirus cases continue to climb
(CNBC) U.S. stock futures rose early Monday morning following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak. Dow Jones Industrial Average futures were 102 points higher. To read this article:
ESG and fund managers
(Opalesque) A Subcommittee of the SEC Investor Advisory Committee has issued a recommendation relating to ESG disclosures for issuers, and this was a focus at the Asset Management Advisory Committee on May 27. Not only did they raise environmental, social […]
Market surge off low is getting tapped out, Bryn Mawr’s Jeff Mills warns
(CNBC) The market rally off the March 23 low may be losing steam.According to Bryn Mawr Trust’s Jeffrey Mills, there’s not enough juice left to drive another surge despite the Federal Reserve’s aggressive actions to keep the financial markets functioning. […]
American Airlines seeks $3.5 billion in new financing
(CNBC) American Airlines said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline’s liquidity as it grapples with travel restrictions caused by the coronavirus. The company plans to raise $1.5 billion by selling shares […]
