Monthly Archives: June 2020
Leon Cooperman says speculation by Robinhood traders in stocks like airlines will ‘end in tears’
(CNBC) Billionaire investor Leon Cooperman warned that the speculative stock trading from retail investors won’t end well. “They are just doing stupid things, and in my opinion, this will end in tears,” Cooperman said on Monday on CNBC’s “Halftime Report,” […]
Dow futures surge amid report that Trump is preparing $1 trillion infrastructure proposal
(CNBC) Futures contracts tied to the major U.S. stock indexes rose early Tuesday morning as a Bloomberg report said President Donald Trump’s administration is preparing a $1 trillion infrastructure proposal.Dow Jones Industrial Average futures rose 492 points, suggesting an open […]
U.S. expected to report record rise in monthly retail sales
(Reuters) – U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops in March and April amid the coronavirus lockdowns.The […]
The Fed says it is going to start buying individual corporate bonds
(CNBC)The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday.The program has the ability to buy up to $750 […]
Captrust buys $1.6bn Lakeside Wealth Management
(Opalesque) Captrust Financial Advisors, an independent registered investment advisor, has added Chesterton, Indiana-based Lakeside Wealth Management, a wealth management firm with $1.6 billion in assets under management. The Chesterton, Indiana-based said in a press release that this latest addition increases […]
World’s largest cap intro event goes live as top allocators and managers come together for Funds4Food Covid-19 fundraiser
(Hedgeweek) The largest capital introduction event in history has gone live with the launch of Funds4Food, a two-week network of virtual one-on-one meetings between alternative asset managers and leading allocators that is raising funds to aid relief efforts for victims […]
Shift to private capital continues as investors thirst for returns
(Hedgeweek) As global investment markets became more efficient and persistent low interest rates saw returns dry up, institutional investors have been turning to alternative assets in their efforts to generate performance. Since traditional hedge fund investments have often not fully […]
SS&C GlobeOp Hedge Fund Performance Index up 3.17% in May
(Opalesque) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2020 measured 3.17%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.33% in June.”SS&C GlobeOp’s Capital Movement Index for June 2020 […]
SEC Charges Broker Who Defrauded Seniors Out of Almost $1 Million
(HedgeCo.Net) The U.S. Securities and Exchange Commission has announced charges against a Nashville, Tennessee-based securities broker for defrauding two seniors, including a World War II-era veteran, of nearly $1 million. According to the complaint, Frederick Stow acted as the veteran’s […]
Hedge-fund manager Kyle Bass under SEC scrutiny over criticism of Texas real-estate lender
(Marketwatch) Kyle Bass’s market bet against a Texas real-estate lender seemed like an astute move. Throughout 2015, the hedge-fund manager accused the lender, United Development Funding, of operating like a Ponzi scheme. Authorities opened civil and criminal investigations into UDF, […]
Hedge fund Elliott Management shifts to elephant hunting as fund size balloons
(CNBC) Until fairly recently, activist hedge fund Elliott Management’s core technology investing strategy was pretty straightforward: Target a smallish company known for selling software to businesses, agitate for a sale — sometimes by offering to buy the company — and […]
After big sell-off, stock market will be wary of virus and Fed testimony in week ahead
(CNBC) Fed Chairman Jerome Powell’s two days of Congressional testimony is a highlight in the week ahead, and markets will watch him with a wary eye after the Fed’s sober assessment of the economy spooked investors.Retail sales is the most […]
