Monthly Archives: November 2020
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:
Radical change”: Covid-19 is ultimate stress test for hedge funds’ cybersecurity
(Hedgeweek) The shift to remote working as a result of the coronavirus pandemic proved to be the ultimate stress test for hedge funds’ cybersecurity and business continuity processes – but speakers at this year’s Hedgeweek LIVE Europe digital summit believe […]
Hedge fund performance declines in October for the second month in a row
(Opalesque) Hedge funds continued to face a difficult market environment in October as for a second consecutive month the majority of funds saw performance declines, said a report by eVestment. According to the report, the average return in the hedge […]
Disney shares rise after reporting 73 million paid Disney+ subscribers, losses not as drastic as expected
(CNBC) Disney reported strong growth in streaming service subscribers in its fourth quarter earnings report Thursday. The company exceeded expectations on revenue and showed less drastic losses than anticipated. Here are the results. To read this article:
Majority of asset managers’ brand interest decline for second year running: Global 100 Report
(Opalesque) The majority of the largest asset managers worldwide faced a second consecutive year of declining interest in their corporate brands, according to Peregrine Communications’ second annual Global 100 report into the integrated marketing communications (IMC) performance of the asset […]
U.S. stock futures are higher as traders weigh virus resurgence and its impact on the economy
(CNBC) U.S. stock futures were higher early Friday morning as Wall Street continues to grapple with the rising number of coronavirus cases and its potential economic impact. Dow Jones Industrial Average futures traded 119 points higher. S&P 500 futures and […]
Global stock market value rises to a record $95 trillion this week on vaccine hope
(CNBC) It may be quite a while before an effective coronavirus vaccine is globally distributed, but forward-looking global equity markets are already partying like it’s here. To read this article:
BrightSphere seeks sale of private equity investment business:
(Reuters) – BrightSphere Investment Group BSIG.N is exploring a sale of its majority stake in Landmark Partners, a private equity fund investment firm that could be worth around $1 billion, people familiar with the matter said on Tuesday. The move […]
Most Wall Street workers to get lower 2020 bonuses: study
(Reuters) – Year-end bonuses for most Wall Street workers are expected to decline this year compared with 2019 due to the impact of the COVID-19 impact on the U.S. economy, compensation firm Johnson Associates Inc said on Thursday. Overall, incentives […]
Hedge Fund Managers Face ‘Survival of the Fittest’ Test in 2020
(Bloomberg) For years, hedge funds have blamed placid markets for their uninspiring returns. That excuse won’t fly this year. Volatile markets in which stocks move less in lockstep should be a recipe for making money. But much of the industry […]
Pfizer CEO sold $5.6 million of stock as company announced vaccine data that sent shares soaring
(CNBC) Pfizer CEO Albert Bourla sold almost $5.6 million worth of stock on Monday, the same day the drugmaker announced positive early data on its experimental coronavirus vaccine that sent shares soaring. Shares of Pfizer jumped by almost 15% on […]
Stanley Druckenmiller says he wouldn’t want to be short market, sees stock rotation continuing
(CNBC) Billionaire investor Stanley Druckenmiller advised investors against being short the stock market as positive news on the coronavirus front has jolted a big rotation out of growth and into value names. To read this article: