Monthly Archives: June 2020
Insurers’ pullback from hedge fund investments continues for a fourth-straight year
(Opalesque) U.S. insurers for a fourth straight year reduced their hedge fund investments, to $12 billion in 2019 from $25 billion in 2015.According to a report by A.M. Best Company, hedge fund holdings went from 1,500 positions to about 900. […]
Negative interest rates could be needed for a ‘V’ recovery, Fed economist says
(CNBC) Getting the U.S. economy back to strong growth could require negative interest rates, according to a St. Louis Federal Reserve economist. As many economists dismiss the likelihood of the current record-breaking slump being followed by an equally aggressive recovery, […]
Lyxor Americas bolsters hedge fund advisory and customised solutions with CIO appointment
(Hedgeweek) Lyxor Asset Management has appointed Kunjal Shah as Chief Investment Officer of its US-based subsidiary, Lyxor Asset Management Inc (Lyxor Americas). To read this article:
Multi-manager hedge fund Brummer continues recovery, as market surge drives gains
(Hedgeweek) Long-running multi-manager hedge fund Brummer & Partners’ flagship vehicle has generated gains across its equity, credit, macro and relative value strategies, as equities rose last month amid hopes of a global economic recovery. To read this article:
Stocks futures rise as Wall Street grows optimistic about economy reopening
(CNBC) U.S. stock futures rose in overnight trading as Wall Street continues to rally on optimism over economies emerging from coronavirus-led shutdowns. Dow futures rose more than 100 points, indicating a gain of 0.35% at the open on Wednesday. The […]
CFTC Charges Kentucky Man in Multi-Million Dollar Fraud Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the Eastern District of Kentucky against defendant William S. Evans III (d/b/a Turning Point Investments) of Harrodsburg, Kentucky, charging him with fraud in connection […]
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
(Bloomberg) David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied. To read this article:
SEC Shuts Down Fraudulent Investment Adviser Targeting Senior Citizens
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against a California-registered investment adviser and his entities to halt an ongoing Ponzi scheme targeting senior […]
Hedge fund Angelo Gordon raising $1.5 billion for distressed energy debt
(Reuters) – Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation viewed by […]
Hedge funds turn bullish on crude, remain cautious on fuels
(Reuters) – Hedge funds continue to bet on a recovery in oil prices, but their bullishness is concentrated on crude, especially U.S. crude, while refined fuel markets are expected to take longer to tighten. To read this article:
A look inside the Fed’s $1.307bn ETF allocation – 7 iShares ETFs account for 48% of the assets
(Opalesque)-The Federal Reserve announced on March 23rd that it would purchase corporate bonds for the first time in its 107-year history. The Federal Reserve Bank of New York announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases […]
Stock futures fall as investors assess economy reopening amid civil unrest
(CNBC) As unrest hits fragile recovery, BTIG’s Julian Emanuel warns this group will be hit hardest. Stock futures fell in overnight trading on Monday as investors grappled with civil unrest around the country as states try to reopen the economy […]
