Monthly Archives: September 2020
Elliott Management discloses stake in Chevron target Noble Energy
(Reuters) Hedge fund Elliott Management Corp has acquired a stake in Noble Energy Inc, the oil and gas producer which agreed in July to be bought by Chevron Corp for $5 billion. The stake was disclosed in a notice posted […]
Hedge fund’s mid-year trends and strategies currently in demand
(Opalesque) By Donald A. Steinbrugge, CFA, Founder and CEO – Agecroft Partners, LLC. The hedge fund industry is dynamic, comprising numerous strategies that attract varying degrees of interest over time. Demand for each strategy is impacted by many variables including capital […]
The six biggest tech stocks have lost more than $1 trillion in value in three days
(CNBC) The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week. Apple, which hit a $2 trillion market […]
VC investment in the blockchain and cryptocurrency space fell during H1 2020
(Opalesque) Global VC investment in the blockchain and cryptocurrency space fell from $4.6 billion in H1 2019 to $1.2 billion during H1 2020, due partly to COVID-19 and partly the intensifying focus on value. Digital asset platform. According to a […]
Out of favor’ assets offer opportunity to make big money, says billionaire investor Howard Marks
(CNBC) Investments that have been “out of favor” could offer big returns that are becoming increasingly difficult to find in today’s low interest rate environment, according to Howard Marks, a widely followed billionaire investor. “It’s not easy to find opportunities […]
SEC Charges Fund Manager for Fraud in Securities Offering in Neiman Marcus Bankruptcy
(HedgeCo.Net) The Securities and Exchange Commission has charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a New […]
Hedge Fund’s Buying Spree During Credit Slump Fuels 36% Return
(Bloomberg) Distressed-assets specialist Alp Ercil went on a billion-dollar buying spree in March and April, bargain-hunting amid the indiscriminate selloff in credit markets. Ercil’s Hong Kong-based Asia Research & Capital Management Ltd. deployed almost 80% of the $1.6 billion raised for his […]
Dow futures jump 200 points in overnight trading following the worst tech rout since March
(CNBC) Stocks futures climbed in overnight trading on Monday after technology shares suffered their worst sell-off in more than five months. Futures on the Dow Jones Industrial Average gained about 220 points, while the S&P 500 futures rose 0.5%. The […]
SEC Charges Investment Adviser with Fraud
(HedgeCo.Net) Steven Fitzgerald Brown has been charged with fraud arising from his operation of investment pool Alpha Trade Analytics, Inc. The SEC’s complaint, filed on September 3, alleges that Brown, the CEO, president, and sole owner and director of Alpha […]
Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
(Reuters) In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for what happened, The Wall Street Journal .The disagreement began […]
Trump again raises idea of decoupling economy from China
(Reuters) With the U.S. election approaching, President Donald Trump on Monday again raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the United States would not lose money if the world’s two biggest economies […]
SoftBank shows true colors with U.S. tech binge
(Reuters) Like a restless gambler outside a casino, SoftBank founder Masayoshi Son simply can’t resist a flutter. A month after disclosing plans for a fund to manage excess corporate cash, the Japanese conglomerate has bought at least $30 billion of […]