Monthly Archives: September 2020
Global hedge funds record their best five-month performance of 12.85%
(Opalesque) The Eurekahedge Hedge Fund Index was up 1.85% in August, bringing its year-to-date return to 3.79% and its five-month trailing return to 12.85% since end-March. “ To read this article:
Institutional investors back private assets despite Covid-19 uncertainty
(Opalesque) Institutional investors said they were ramping up their allocations to private assets from 12.8% a year ago to 14.1% over the next 12 months, with 46% stating that an increase in their allocation to private assets would help manage […]
Credit Suisse teams up with Qatar SWF on multi-billion direct private credit platform
(Opalesque) Swiss bank Credit Suisse and the Qatar Investment Authority (QIA) said on Thursday they were jointly setting up a multi-billion dollar direct private credit business. QIA, which is Qatar’s sovereign wealth fund and has a 5.4% stake in Credit […]
Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions
(CNBC) Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche Welle (DW). Those documents showed […]
Stock futures are flat as Wall Street tries to recover from 3-week losing streak
(CNBC) U.S. stock futures were little changed on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. Dow Jones Industrial Average futures traded 17 points lower, or 0.1%. S&P 500 […]
SEC Charges Former CEO of Technology Company With Raising $123 Million in Fraudulent Offerings
(HedgeCo.Net) The Securities and Exchange Commission today filed an emergency action against Adam Rogas, the former CEO of Las-Vegas-based NS8 Inc., which purports to provide fraud detection and prevention software to e-commerce merchants, seeking an asset freeze and charging Rogas with […]
Antares Capital racks up $3bn for a latest private credit fund
(Opalesque) Antares Capital Advisers, the registered investment adviser arm of Antares Capital, has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed companies. The middle-market lender said that […]
Managed futures report another month of gains in August
(Opalesque) Managed futures funds turned in another positive month in August returning 0.18%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.73% through August. “The S&P 500 extended […]
The market isn’t convinced the Federal Reserve can achieve its inflation objective
(CNBC) For the past decade or so, the Federal Reserve has been quite effective in helping to create inflation, just not the kind that it normally targets. The Fed’s perpetually easy monetary policy, consisting of historically low short-term interest rates […]
Stock futures are flat in overnight trading after Dow snaps a 4-day win streak
(CNBC) Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names. Futures on the Dow Jones Industrial Average rose about 20 points. The S&P 500 futures and the Nasdaq 100 […]
Covestro says it is not in takeover talks with Apollo
(Reuters) German plastics maker Covestro 1COV.DE knocked back a report on Friday that it was in takeover talks with private equity firm Apollo Global Management APO.N. “I can confirm that we are not in takeover talks with Apollo,” spokesman Lars […]
Snowflake’s first-day pop means IPO left $3.8 billion on the table, the most in 12 years
(CNBC) One of the biggest problems with the traditional IPO process (and there are several) is that it’s impossible to say whether a deal is a success or a failure. Snowflake, the cloud-based data management company that’s 2020?s biggest IPO, […]
