Monthly Archives: June 2020
What’s next from the Fed will help decide the course for markets
(CNBC) The Fed has thrown an unprecedented amount of stimulus at markets and the economy, and what it says next may impact the direction of rates and other markets.Strategists expect Fed Chairman Jerome Powell to seek to soothe markets, but […]
SEC Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims
(HedgeCo.Net) The Securities and Exchange Commission today charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme in the stock of a biotechnology company by making hundreds of misleading statements in an online investment forum, […]
Special situation and activist hedge funds reluctant to pile into recovery amid “anaemic” corporate activity
(Hedgeweek) Activist hedge funds and certain other special situations strategies are still holding off from piling into longer-term buy-and-hold stocks amid the continued market uncertainty, instead choosing to trade opportunistically around cyclical names recovering from their coronavirus battering. To read […]
90% of US private equity fund managers bullish on distressed fund deal flow
(Opalesque) Nearly all private equity managers expect to see a surge in distressed fund deals over the coming year, said a new survey.”An overwhelming majority (90%) of US private equity fund managers expect to see a rise in the volume […]
Alternatives Investment Funds continued to attract net new money in the first quarter of 2020 despite Covid-19
(Opalesque) The European Fund and Asset Management Association (EFAMA) has today published its Quarterly Statistical Release describing the trends in the European investment fund industry in the first quarter of 2020 with key data and indicators for each EFAMA member […]
Corporate pension funding ratio drops to 84% in May
(Opalesque) The funding ratio among corporate plans dropped to 84% as of May 31 from 84.5% as of April 30, said a report from Milliman. Discount rates dropped to 2.76% in May, offsetting the month’s investment gains of 1.85%, the […]
Stock futures rise slightly as investors await Fed’s forecast on the economy
(CNBC) U.S. stock futures rose slightly in overnight trading as investors await clarity on the state of the economy and further stimulus from the Federal Reserve’s policy meeting. Dow futures rose 70 points, indicating a gain of 0.26% at the […]
SEC Awards Record Payout of Nearly $50 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of […]
Hedge fund Bow Street close to winning control of board at Mack-Cali,
(Reuters) – Bow Street LLC is close to having eight directors elected to the board of Mack-Cali Realty Corp (CLI.N), which would give the hedge fund control of the real estate investment trust’s board, sources familiar with the matter said […]
Balbec Capital raises $1.2bn for latest global credit fund
(Opalesque) Balbec Capital, LP, a global alternative asset manager with expertise sourcing and investing in bankrupt and insolvent credit, has completed the final close of InSolve Global Credit Fund IV, L.P. (the Fund), with total commitments of approximately $1.2 billion. […]
Treasury yield comeback is real, and the 10-year could hit 1.5% within months, Wells Fargo says
(CNBC) Ten-year yield will rally above one percent: Wells Fargo’s Michael Schumacher. Wells Fargo Securities’ Michael Schumacher sees the Treasury yield rally picking up momentum. With the Federal Reserve policy meeting on interest rates underway, the benchmark 10-year Treasury Note […]
Long Time Hedge Fund Manager says companies can no longer exist just to maximize profits
(CNBC) Longtime hedge fund manager Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits.He blasted that view as “very narrow, myopic and transactional” and blamed that idea for helping […]
