Monthly Archives: June 2020
The U.S. entered a recession in February, according to the official economic arbiter
(CNBC)The worst U.S. downturn since the Great Depression is now officially a recession, according to the National Bureau of Economic Research.Though it seemed a foregone conclusion, the NBER, the official arbiter of recessions, made the declaration Monday as the nation […]
Hedge funds extend gains in May as business reopening accelerate
(Opalesque) Hedge funds advanced in May, extending strong April gains as the reopening of businesses accelerated throughout the month, and despite historically high unemployment figures and increased uncertainty surrounding civil rights protests across major U.S. cities. The HFRI Fund Weighted […]
Investors to Receive $37 Million from SEC Settlement with Stiefel Laboratories and Charles Stiefel
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has obtained final judgments that will require a former privately held dermatology products manufacturer and its former chairman and CEO to pay $37 million for the benefit of shareholders whom […]
As lockdown easing pushes markets higher, hedge funds gauge the ‘new normal’
(Hedgeweek) As global economies re-emerge from the coronavirus lockdown, Hedgeweek rounds up a range of views from across the hedge fund spectrum on how the so-called ‘new normal’ may shape investment opportunities… To read this article:
All of a sudden, people are talking about a V-shaped recovery again:
(CNBC) An astonishing pickup in payrolls during May has rekindled hopes that the economic slump may not be nearly as bad as it looked and could soon give way to an exodus of workers back to their jobs and a […]
Stock futures point to flat opening on Monday after Wall Street’s rally last week
(CNBC) U.S. stock futures were little changed on Sunday night following last week’s sharp gains as investors were optimistic over the reopening of the economy. Dow Jones Industrial Average futures traded 52 points higher, implying a Monday opening gain of […]
Jobs report shocker is evidence economy is playing catch-up to a ‘ray of sunshine’ market, Wall Street bull Ed Yardeni suggests
(CNBC) Long-time bull Edward Yardeni believes the historic May jobs surge is a game changer for Wall Street.According to Yardeni, it debunks the notion there’s a disconnect between the significant market rally off the March 23 low and the coronavirus-battered […]
Sustainable investing is set to surge in the wake of the coronavirus pandemic
The outbreak of Covid-19 could prove to be a major turning point for ESG investing, or strategies that consider a company’s environmental, social and governance ratings alongside traditional financial metrics.Sustainable funds attracted record inflows in the first quarter amid the […]
SEC Obtains Judgment of More Than $30 Million Against Investment Adviser and Principal
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment and more than $30 million in monetary relief in its action against Navellier & Associates, Inc., a Nevada-based investment advisory firm, and its founder and chief investment officer, Louis […]
Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer. The SEC’s order finds that in […]
“The same old industry”? Hedge funds and crisis alpha in the coronavirus era
(Hedgeweek) When hedge fund indices tumbled in tandem with equities during this year’s historic Q1 sell-off – before sharply rebounding in April with their biggest monthly gain since the 2008 financial crisis – it reignited the debate over alternatives’ role […]
Francisco Partners raises $10bn with three tech funds
(Opalesque) Francisco Partners has raised nearly $10 billion across three funds to invest in technology companies, one of the largest pools of capital collected by a U.S. private-equity firm this year. The three oversubscribed technology-focused alternative investment funds with a […]
