Monthly Archives: November 2020
How did the vaccine news impact hedge funds?
(Opalesque) Already positioned for the outcome, all strategies were up after the U.S. elections, led by L/S Equity, Special Situation, and Global Macro said a report by Lyxor. In contrast, returns were milder and uneven after the vaccine announcement. To […]
How women-led hedge fund firms can gain value
(Hedgeweek) The hedge fund industry is dominated by men, with women and minorities controlling only a small fraction of US-based assets. To read this article:
Moderna says preliminary trial data shows its coronavirus vaccine is more than 94% effective, shares soar
(CNBC) Moderna said preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19 — a result CEO Stephane Bancel called a “game changer.” To read this article:
Dow futures slip about 100 points after Monday’s record-setting session
(CNBC) U.S. stock futures were in negative territory on Monday night after two of the three major market benchmarks closed at record levels. Dow Jones Industrial Average futures slipped about 100 points. S&P 500 futures were also down, while Nasdaq […]
Former Wells Fargo Executives Charged for Misleading Investors About Key Performance Metric
(HedgeCo.Net) The Securities and Exchange Commission has charged former Wells Fargo & Co. CEO and Chairman John G. Stumpf and former head of Wells Fargo’s Community Bank Carrie L. Tolstedt for their roles in allegedly misleading investors about the success […]
Hedge fund launch-closure ratio “heavily skewed the wrong way”, says Sandbar CEO James Orme-Smith
(Hedgeweek) The number of hedge fund launches compared with closures is “heavily skewed the wrong way”, says James Orme-Smith, CEO of Sandbar Asset Management, but he indicated that emerging managers can still overcome the sizeable barriers to entry. To read […]
Miami Hedge Fund Manager (Allegedly) Used Investor Funds In Very Miami Way
(Dealbreaker) From the sound of it, Coral Cables Asset Management chief David Coggins wasn’t much of a hedge fund manager. This might have proven a surprise to his investors, what with the “Performance Sheets” trumpeting “37 months of positive monthly […]
Dow futures rise more than 200 points after last week’s big market rotation
(CNBC) U.S. stock futures rose on Sunday night as traders assessed a sharp market rotation that led to a mixed weekly performance last week. Dow Jones Industrial Average futures were up by more than 200 points. S&P 500 futures and […]
Wilshire Liquid Alternative Index falls 0.51 per cent in October
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.51 p[er cent in October, underperforming the -0.22 per cent monthly return of the HFRX Global Hedge Fund Index. […]
SEC Proposed Big Change To Hedge Fund Transparency, But Wall Street Said ‘No’
(Yahoo-Finance) In July, the SEC approved a proposed rule that would have serious implications for hedge funds and other large institutional investors. The rule in question, SEC Rule 13f-1, requires that all institutional investors with at least $100 million assets […]
Hedge fund industry down 0.11 per cent in October, says Backstop BarclayHedge
(Hedgeweek) The hedge fund industry posted a second consecutive monthly loss in October, down 0.11 per cent for the month, according to the Barclay Hedge Fund Index. To read this article:
Top 10 Stocks Billionaire Ray Dalio Just Bought
(Yahoo.Finance) In this article we present the list of Top 10 Stocks Billionaire Ray Dalio Just Bought. Click to skip ahead and see the Top 5 Stocks Billionaire Ray Dalio Just Bought. Ray Dalio is the billionaire Founder, Co-Chairman and […]