Monthly Archives: November 2020
Merger Arbitrage and L/S Credit stay afloat in October
(Opalesque) Hedge funds were down -1% last week as market conditions took a turn for the worse. This brought the monthly performance of the Global Lyxor Peer Group in October to -0.5% (vs. -3.0% for the MSCI World). Strategies with […]
Dollar holds ground, more losses seen as U.S. election drags on
(Reuters) – The dollar steadied against many currencies on Friday but traders say more losses are likely as a contentious U.S. presidential election diminished hopes for large stimulus to support the economy any time soon. To read this article:
Three Traders Settle Fraud Charges in Edgar Hacking Case
(HedgeCo.Net) The Securities and Exchange Commission has announced settlements with Sungjin Cho, Ivan Olefir, and Capyield Systems, Ltd., an entity controlled by Olefir, who were charged with trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. According […]
Stock-picking hedge funds extend payday in trading after U.S. Election Day
(Reuters) – Some U.S. stock investors had feared election week turmoil, but voters’ decisions at the ballot box helped many stock picking hedge funds extend a year of gains and even set a daily record, according to managers and people […]
Victory Capital acquires equity manager THB Asset Management
(Opalesque) Victory Capital, a diversified global asset management firm with $132.7 billion in AUM has agreed to acquire THB Asset Management, the Connecticut-based equity manager with $435 million in AUM. The transaction is expected to close in early 2021 and […]
Alternative AUM by 9.8% CAGR to reach $4.97tn 2025: Preqin
(OPalesque) Between the end of 2020 and the end of 2025, global assets under management (AUM) in alternatives is expected to increase by 60%, equal to a CAGR of 9.8%, said Preqin. The rate of growth should far outpace global […]
Big investors see a great backdrop for stocks as election results roll in
(CNBC) Big-money investors are growing more excited about the stock market as the U.S. election results keep rolling in. CNBC’s Scott Wapner spoke with some major investors who told him we could be on the cusp of a great scenario […]
Dow futures fall more than 100 points amid post-election rally
(CNBC) U.S. stock futures fell early Friday morning as Wall Street eyed its best week since April even as the results of the presidential election remained unclear. Futures tied to the Dow Jones Industrial Average lost 137 points, while those […]
All-star investor Rich Bernstein sees ‘a very bearish sign for the economy and corporate profits’
(CNBC) Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO. To read this article:
Alibaba cloud growth outpaces Amazon and Microsoft as Chinese tech giant pushes for profitability
(CNBC) The growth of Alibaba’s cloud business outpaced Amazon and Microsoft in the quarter ending in September, and the Chinese tech giant reiterated its commitment to making the unit profitable by next March. Alibaba reported cloud computing brought in revenue […]
Dow futures higher by about 200 points following post-election rally
(CNBC) U.S. stock index futures were higher in early morning trading on Thursday as investors hoped that the winner of the U.S. presidential election would soon be determined. Futures contracts tied to the Dow Jones Industrial Average rose 188 points. […]
Guggenheim’s Scott Minerd believes in post-election rally, has ‘fairly positive’ market outlook
(CNBC) Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the […]