Monthly Archives: June 2020
Scotiabank Canadian Hedge Fund Index ends April +4.90% (-2.3% YTD) on an asset-weighted basis
(Opalesque) The Scotiabank Canadian Hedge Fund Index ended April 2020 up 4.90% MOM on an asset-weighted basis and up 6.59% MOM on an equal-weighted basis. To read this article:
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG’s Julian Emanuel warns
(CNBC) The risk has clearly risen,’ BTIG’s Julian Emanuel warns.BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out […]
Why the stock market is up amid chaos in the streets
(CNBC) Racial strife, a global pandemic and a rising stock market are common to the years 2020 and 1968. The current market is increasingly driven by dispassionate computers that run on algorithms, and investors who at least in theory are […]
SEC Charges New Defendant in $43 Million Tribal Bonds Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million […]
Hedge fund managers down 1.09 per cent in May, says Eurekahedge
(Hedgeweek) Hedge fund managers ended May 2019 down 1.09 per cent on an equal-weighted basis, and 1.37 per cent on an asset-weighted basis, outperforming the global equity market which slumped 6.12 per cent during the month. To read this article:
US managers dominate fund raising activity
(Hedgeweek) The United States dominates the PE marketplace when it comes to size of AUM size. It is estimated that the top 300 global PE managers manage USD1.5 trillion in assets, of which US-based managers account for USD1 trillion; this […]
Federal court to hear ‘Pharma Bro’ Martin Shkreli’s appeal
(Reuters) – Lawyers for former pharmaceutical executive Martin Shkreli will urge a federal appeals court on Friday to overturn his criminal conviction for defrauding investors in hedge funds he founded.Shkreli, 36, was found guilty of securities fraud and conspiracy in […]
Gold slips to 1-week low as U.S.-China trade optimism lifts risk sentiment
(Reuters) – Gold prices fell more than 1% on Monday, their lowest in a week, as hopes of a trade deal between the United States and China improved risk appetite, while a stronger dollar further weighed on prices. To read […]
Hedge fund chief Daniel Loeb opposes United Technologies, Raytheon merger
(Reuters) (Reuters) – Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp and Raytheon Co, saying there is no “strategic rationale for this transaction.” “We […]
Severe funding problems widespread across the US state pension system
(Opalesque) Despite revenue growth and strong investment returns, the public pension funding gap for all 50 states still exceeded $1tn in 2017, according to brief by The Pew Charitable Trusts. The US state pension system is ill-prepared for the next […]
New hedge fund launches on the rise
(Opalesque) New hedge fund launches increased to begin 2019, climbing to 136 in Q1, an increase over the 111 launches in the volatile 4Q18, according to the latest HFR Market Microstructure Report. According to the report, the 136 new launches […]
State Street To Pay Over $88-Million To Settle Charges for Adding Undisclosed Markups on Client Expenses
(HedgeCo.Net) The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the […]