Monthly Archives: August 2020
Fed Headed for a Clash With Hedge Funds, Other Shadow Banks
(Bloomberg) The Federal Reserve and other central banks are heading for a collision with shadow lenders — the firms with a sinister nickname that are increasingly dominating global finance. To read this article:
Global net inflows into sustainable strategies increased 72% to $71.1bn in Q2 2020
(Opalesque) Supported by the stock market recovery and growing investor interest in environmental, social, and governance (ESG) issues, sustainable strategy net inflows up 72% in Q2. Net inflows into sustainable strategies increased 72% in the quarter ended June 30 to […]
Will COVID-19 ignite private equity’s dry powder?
(Opalesque) The COVID-19 pandemic has pushed global financial markets into a prolonged period of volatility and uncertainty (see our article on the impact of COVID-19 on M&A deal flow), reminiscent of the 2007-08 financial crisis. Many businesses have languished since […]
Kodak’s stock tumbles after disclosure that investors have converted debt into nearly 30 million shares
(Marketwatch) Shares of Eastman Kodak Co. KODK, -31.62% were down 24% in afternoon trading Monday, putting them on track for a third straight double-digit percentage decline, after the digital printing and film company, which is getting into the pharmaceutical-ingredients business, […]
Microsoft has until Sept. 15 to resolve a lot of thorny questions if it wants to buy TikTok
(CNBC) Microsoft and the U.S. government have agreed to a six-week time frame to wrap up deal discussions around buying TikTok’s U.S., Canada, Australia and New Zealand operations. That’s not a lot of time to answer many questions that will […]
U.S. stock futures open flat after Monday’s tech-powered rally
(CNBC) U.S. stock futures traded along the flatline on Monday night after the major averages logged in sharp gains to start the new month earlier in the day. The Dow closed Monday’s session up more than 200 points, or 0.9%. […]
‘Ominous’ market pattern could signal a 10% sell-off, CFRA’s Sam Stovall warns
(CNBC) A summer slump may strike stocks. After the S&P 500 gained 5.5% in July, CFRA’s Sam Stovall sees it falling 5% to 10% over the next two months. “We have a lot of concerns out there — in particular […]
How negotiations over second $1,200 stimulus checks could shape up
(CNBC) Capitol Hill lawmakers seem to agree on one thing: Sending a second round of stimulus checks to help Americans weather the economic storm brought on by the Covid-19 pandemic is worthwhile. But the conditions around who gets those checks […]
IRS targets carried interest in new guidance
(Opalesque) The Internal Revenue Service has released new guidelines that will restrict the use of carried interest in tax calculations after an error in the 2017 tax cut bill. To read this article:
Eastman Kodak’s top executive reportedly got Trump deal windfall on an ‘understanding’
(CNBC) Eastman Kodak on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his […]
Outlook “bright” for hedge funds as industry seizes on surging volatility, JP Morgan Asset Management officials say
(Hedgeweek) The immediate outlook for hedge funds is “very bright”, with elevated volatility at an “optimal” level for macro and relative value strategies in particular, JP Morgan Asset Management’s alternatives team said this week. To read this article:
U.S. stock futures flat as earnings season, stimulus talks continue
(CNBC) Futures contracts tied to the major U.S. stock indexes held steady Sunday evening as investors turned their attention back to Washington and the economy after a busy week of corporate earnings. Dow Jones Industrial Average futures slipped 4 points, […]