Monthly Archives: November 2020
Unlisted infrastructure AUM to grow at a CAGR of 4.5% from $639bn in 2020 to $795bn in 2025
(Opalesque) Preqin forecasts that unlisted infrastructure assets under management (AUM) will grow at a CAGR of 4.5% from $639bn in 2020 to $795bn in 2025. Among investors surveyed by Preqin, 56% expect to increase their allocations to infrastructure in the […]
Short sellers lost billions as travel and leisure stocks rallied Monday
(Reuters) – Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled […]
SEC Charges Investment Adviser with Fraudulent Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged an unregistered investment adviser, who allegedly concealed his criminal past, with defrauding his clients through the offer and sale of investments in a fictitious investment fund, and misappropriating a large portion of […]
Bridgewater’s Dalio supports Ant IPO suspension, bullish on China
(Reuters) – Ray Dalio, founder of Bridgewater Associates, expressed support on Wednesday for China’s abrupt decision to suspend Ant Group’s record $37 billion listing, citing the need to curb risks from financial innovation. To read this article:
Apollo Global funds to buy Great Canadian Gaming for $1.66 billion
(Reuters) – Great Canadian Gaming Corp GC.TO said on Tuesday that Apollo Global Management APO.N would acquire the company for about C$2.16 billion ($1.66 billion) through funds managed by its affiliates. To read this article:
Hedge funds continued to outperform the global equity market under market risk-off environment
(Opalesque) The Eurekahedge Hedge Fund Index was down 0.16% in October 2020, outperforming the global equity market as represented by the MSCI ACWI (Local), which lost 2.29% over the same period. Global equities ended the month in negative territory due […]
Hedge fund allocations start to revive as Covid-19 crisis proves industry’s worth to investors
(Hedgeweek) Investor allocations to hedge funds have fallen for the third consecutive year – but the industry’s ability to weather economic turbulence and market volatility through active management will continue to attract investor attention, according to two new industry studies. To […]
Stock futures edge higher amid market rotation out of growth
(CNBC) U.S. equity futures were higher in overnight trading on Tuesday, amid this week’s rotation out of technology stocks into cyclical names. Dow futures added 92 points. S&P 500 futures and Nasdaq 100 futures both traded in mildly positive territory. […]
How the MiFID II review and Covid-19 are reshaping the hedge fund operational landscape
(Hedgeweek) With certain aspects of the EU’s ongoing MiFID II review affected by the coronavirus pandemic, Hedgeweek explores how a fresh overhaul of the framework may further impact hedge fund operations, and why the Covid-19 crisis may provide an easing […]
Final Judgment Handed Down Against Former Senior Partner at Apollo Management Who Defrauded Fund Clients
(HedgeCo.Net) The Securities and Exchange Commission obtained a final judgment against Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., who used client assets to fund his personal lifestyle. The SEC’s complaint, filed on October 25, 2017, alleged that […]
Hedge fund AUM to increase 19.6% from 2020 to 2025, at a CAGR of 3.6%, says Preqin
(Opalesque) Preqin said that it expects hedge funds to hold onto their position as the second-largest alternative asset class in 2025, despite relatively weak growth in assets under management (AUM) due to continued outflows. AUM growth will be the lowest […]
Hedge funds fend off election uncertainty and coronavirus spikes to finish October in positive territory
(Hedgeweek) Hedge funds have notched up positive returns in recent weeks, positioning around the investment uncertainty surrounding the US presidential election and fresh Covid-19 lockdowns with gains inversely correlated to the sharp stock market declines seen at the end of […]