Monthly Archives: November 2020
Investors flee equity and macro hedge funds, as 2020 heralds “career-defining moments” for many managers
(Hedgeweek) Investor withdrawals from hedge funds are stacking up, with asset flows set to finish the year in negative territory “barring a holiday-season miracle”, eVestment warned on Thursday. To read this article:
Hedge fund AUM surpasses pre-COVID-19 levels, pushing to a new industry high of $3.7tn
(Opalesque) Hedge fund assets under management (AUM) have finally surpassed pre-COVID-19 levels, pushing to a new industry high of $3,696bn, said a report by Preqin. This record figure can primarily be attributed to improved performance in September (+5.17%, as measured […]
Active ETFs and ETPs gather a record $58.69bn in YTD net inflows as of the end of October 2020
(Opalesque) Actively managed ETFs and ETPs saw net inflows of US$7.28 billion during October, bringing year-to-date net inflows to a record level US$58.69 billion which is significantly more than the US$34.85 billion in net inflows gathered at this point in […]
Disney increases layoffs to 32,000 workers as coronavirus batters its theme park business
(CNBC) Disney is expanding the scope of its layoffs to around 32,000 workers as the coronavirus pandemic continues to pummel the theme park industry. In an SEC filing published Wednesday, the company revealed that thousands of employees will have their […]
Fed weighed adjusting bond purchases to provide more help to economy
(CNBC) Federal Reserve officials indicated at their last meeting that adjustments could be made soon to their bond-buying program as the central bank looks to alternate ways it can support the economy. To read this article:
Salesforce is in talks to buy Slack, deal could be announced next week
(CNBC) Salesforce is in talks to acquire Slack, and a deal could be announced as soon as next week, according to a person familiar with the matter. Shares of Slack closed almost 38% higher Wednesday after the Wall Street Journal […]
Deutsche Bank bullish about the 2021 economic recovery — but there are two key risks
(CNBC) Deutsche Bank upgraded its global growth outlook for 2021 but cautioned that two key risks could still spoil the economic recovery from the coronavirus crisis. In the bank’s latest report out Wednesday — entitled “Hope on the horizon” — […]
SEC Settles with Investment Adviser Who Failed to Disclose Conflicts of Interest and Misled Advisory Clients
(HedgeCo.Net) The U.S. District Court for the Central District of California entered final judgments by consent against Craig Rumbaugh and two companies he owns and controls, Rumbaugh Financial, Inc. (RFI), a California-registered investment adviser, and Desert Strategic Equity, LLC (DSE). […]
Institutional investors added significantly and widely to fixed income strategies in Q3
(Opalesque) Long-only asset managers reported Q3 2020 institutional assets under management of $30.0 trillion, according to the just-released Q3 2020 eVestment Traditional Asset Flows Report. Net institutional flows totaled -$23.2 billion in the most recent quarter and -$59.9 billion over […]
Investors turn to private credit as key portfolio hedge amid Covid-19 market ruptures
(Hedgeweek) Private credit managers are on track to provide some USD100 billion of real economy financing this year, as investors increasingly turned to the sector as a resilient portfolio hedge and diversifier amid equity market ruptures during 2020’s coronavirus pandemic. […]
Third quarter end saw hedge fund investors retreat, but industry assets still up, says BarclayHedge
(Hedgeweek) Three months of hedge fund inflows came to an abrupt halt at the end of the third quarter, as investors withdrew USD2.8 billion in September amid a surge in coronavirus cases and fears of renewed economic disruption, new data […]
Market’s record run is far from the finish line, Oppenheimer’s chief strategist predicts
(CNBC) Dow 30,000 may just be the beginning. Oppenheimer Asset Management’s John Stoltzfus believes the Dow’s record high on Tuesday is justified despite the nation’s battle against surging coronavirus cases. He lists a resilient economy as the major factor for […]