Monthly Archives: November 2020
Winston Reed Investments To Pay $255,000 In Restitution
(HedgeCo.Net) The U.S. District Court for the Western District of North Carolina entered final consent judgments against Mark N. Pyatt and Winston Reed Investments LLC in connection with their roles in a fraudulent investment scheme. The SEC’s complaint alleged that, […]
Blackstone seeks $5 billion for second Asia buyout fund: Bloomberg News
(Reuters) Blackstone Group Inc is seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported on Sunday, citing people familiar with the matter. With this new vehicle, Blackstone plans to more […]
JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge
(CNBC) JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities. The new forecast is a departure from Wall Street’s widely held view that the […]
Factor rotation: Market neutral hedge funds stumble, but special situations managers surge
(Hedgeweek) The strong market moves sparked off by the recent coronavirus vaccine breakthrough brought gains and losses across the hedge fund spectrum over the past week, as investors fled momentum-based stocks and piled into value-based companies. To read this article:
SS&C GlobeOp Forward Redemption Indicator November notifications at 3.63 per cent
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for November 2020 measured 3.63 per cent, up from 2.84 per cent in October. To read this article:
Dow futures rise to kick off the week despite jump in coronavirus cases
(CNBC) Dow Jones Industrial Average futures were higher in overnight trading on Sunday, even as Covid-19 cases rise in the U.S. and abroad. Futures contracts tied to the Dow advanced 112 points for a gain of 0.38%. S&P 500 futures […]
SEC Charges E-Commerce Startup and CEO with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged a San Francisco, California-based e-commerce start-up and its chief executive officer with misleading investors about purported contracts with well-known consumer brands. According to the SEC’s complaint, from 2018 to 2020, Andrew J. […]
Eight ways investment managers should be using digital marketing right now
(Opalesque) The pandemic has fundamentally changed how fund managers raise assets. Investors aren’t up for in-person meetings anymore, but they are still investing. Hedge funds had an estimated $13 billion of inflows in the third quarter of this year, according […]
Investors finally reward General Motors’ shift to EVs even as it cuts emerging mobility plans
(CNBC) In an effort to spur its lagging stock price and combat such exaggerated claims, GM made a series of investments beginning in 2016 that executives believed would position it as a “mobility” company instead of the aging dinosaur Wall […]
Final Judgment Handed Down Against North Carolina Investment Adviser
(HedgeCo.Net) The U.S. District Court for the Western District of North Carolina entered a final judgment as to monetary relief against Richard W. Davis, whom the SEC previously charged in connection with a scheme to defraud advisory clients and misappropriate […]
Pershing Square’s Ackman ‘bullish’ on 2021
(Reuters) Reuters) – Billionaire hedge fund investor William Ackman said on Thursday that he expects to see market gains next year but warned there could be volatility in the months ahead as the coronavirus continues to take its toll. Ackman […]
Hedge funds bounced back in October (+0.34%), pushing the YTD return to +5.39%
(Opalesque) The Preqin All-Strategies Hedge Fund benchmark bounced back from September’s losses in October (+0.34%), pushing the YTD return to +5.39%. By comparison, public equities lost over the month for the MSCI ACWI (-2.43%) and the S&P 500 (-2.77%), said […]