Monthly Archives: September 2020
Robinhood is reportedly under SEC investigation, could pay $10 million fine
(CNBC) Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an […]
J.C. Penney Lenders Consider Teaming Up With Outside Bidders
(Bloomberg) The plan envisions the hedge funds that hold J.C. Penney’s loans would become co-owners of a business they never planned to run, in partnership with a third party that could include one of the potential buyers they’ve been wooing, […]
Stock futures dip as Wall Street takes a breather after strong start to September
(CNBC) Futures contracts tied to the major U.S. stock indexes dipped in Thursday early morning trade as investors looked to pare already-robust gains seen on Wall Street so far this week. Dow futures slipped 64 points. S&P 500 and Nasdaq-100 […]
BlackRock says it’s ‘underweight’ stocks in emerging markets due to the coronavirus
(CNBC) BlackRock Investment Institute has an “underweight” stance on stocks in emerging markets as many of those economies are still grappling with the spread of the coronavirus. Stocks in emerging markets have lagged global share prices. To read this article:
CFTC Charges Multiple Individuals and Entities in $28 Million Ponzi Scheme that Targeted Churchgoers
(HedgeCo.Net) The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the United States District Court for the District of Maryland charging Dennis Jali, a South African citizen who previously resided in Maryland, with orchestrating […]
Loeb’s Third Point funds erase all losses, now up for the year
(Reuters) Billionaire investor Daniel Loeb told clients that his funds have wiped away all of the year’s earlier losses and are now in positive territory again after he overhauled the portfolio a few months ago, studding it with fast-growing technology […]
Trend-following hedge funds’ “dynamic features” can limit losses amid surging bond yields and rising inflation
(Hedgeweek) Managed futures hedge fund strategies may be well-placed to withstand a continuing rise in bond yields, despite CTA performance being squeezed by the recent surge, Lyxor Asset Management strategists say. To read this article:
Marble Ridge swaps counsel in Neiman Marcus bankruptcy
(Reuters) Marble Ridge and its founder Dan Kamensky have brought in new lawyers to represent them in the Neiman Marcus bankruptcy as they deal with the aftermath of Kamensky’s interference with a potential bid for certain of the luxury retailer’s […]
Directional hedge fund strategies outperformed in August
(Opalesque) Lyxor Peer Groups suggest hedge fund performance was up +0.5% in August, with CTAs underperforming (-1%) and Special Situations, Directional L/S Equity, Global Macro, and L/S Credit strategies outperforming (+0.6% to +1.6%). In recent weeks, the rally in stock […]
U.S. economy needs over $1 trillion in fresh coronavirus stimulus, says world’s biggest hedge fund
(CNBC) The co-CIO of the world’s largest hedge fund told CNBC on Tuesday that the U.S. economy continues to need significant fiscal support in order to sustain its recovery from the coronavirus-induced devastation. Greg Jensen of Bridgewater Associates said the […]
U.S. stock futures rise slightly after strong start to September
(CNBC) U.S. stock futures ticked slightly higher on Tuesday evening following a strong start to September for the market. Futures for the Nasdaq 100 rose by about 0.5%, while futures for the Dow and S&P 500 climbed about 0.3%. Major tech […]
APAC-focused PE/VC AUM at $1.29tn a record high and up 34%
(Opalesque) APAC-focused private equity & venture capital (PEVC) assets under management (AUM) have surged in recent years to a record-high $1.29tn as of December 2019, marking a staggering 34% increase from a year prior, said Preqin. “Strategies targeting generally more […]