Category Archives: Syndicated
Citadel Hedge Fund gains 4% in April
(Reuters) – Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said. Citadel, […]
Buffett says he dumped entire stake in airline-sector stocks: ‘The world changed for airlines’ amid coronavirus
(CNBC) Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking […]
Dow futures fall more than 100 points amid concerns over reopening the economy
(CNBC) Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Dow Jones Industrial Average futures were down by 152 points, pointing to a Monday opening decline […]
Elliott Management financing major patent lawsuit against streaming startup Quibi
(Marketwatch) Hedge fund Elliott Management Corp. is financing a high-stakes patent lawsuit against Quibi, the new streaming service founded by entertainment veteran Jeffrey Katzenberg, according to people familiar with the situation, putting power players of Wall Street and Hollywood on […]
Stocks are in little danger of retesting the March low, top strategist Art Hogan says
(CNBC) National Securities’ Art Hogan believes the consensus view that stocks must retest the March low is wrong. According to Hogan, there are too many unprecedented factors, including an intentional decision to freeze the economy, to suggest the market will […]
The impact of COVID-19 on activist investing
(Opalesque) Activist investing could drop to levels not seen since 2014 in the immediate aftermath of the coronavirus outbreak, according to new research from Activist Insight. Data in the report shows that there was a significant uptick in proxy statements […]
Very negative” stance powered Pershing Square gains – but Ackman does not see protracted slump
(Hedgeweek) Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar $2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result […]
The impact of COVID-19 on activist investing
(Opalesque) Activist investing could drop to levels not seen since 2014 in the immediate aftermath of the coronavirus outbreak, according to new research from Activist Insight. Data in the report shows that there was a significant uptick in proxy statements […]
Coronavirus hits private equity cashflow
(Opalesque) New research by Oliver Gottschalg, Associate Professor of Strategy and Business Policy at HEC Paris, predicts a possible shortfall of private equity (PE) net cash flows of 65% in distributions in 2020. This corresponds to an 11.3% drop off […]
Hedge funds are affected by the COVID-19 pandemic, says Preqin
(Opalesque) The Preqin All-Strategies Hedge Fund benchmark generated a loss of 10.38% in Q1 2020, all but erasing the annual gain of 10.97% made in 2019.But given that the S&P 500 Index fell by 20.00% in the first quarter of […]
Dow futures fall more than 300 points after Wall Street wraps up best month in three decades
(CNBC) Stock futures fell sharply in Friday early morning trade as investors pored through the latest batch of big tech earnings after Wall Street wrapped up its best month in decades. Dow Jones Industrial Average futures traded 346 points lower, […]
CTA/managed futures funds outperformed other hedge fund strategies despite weakness in energy sector
(Opalesque) Hedge fund managers were down 6.00% in March 2020 (-7.6% YTD), outperforming global equities which languished 13.99% over escalating COVID-19 outbreak concerns, reports data provider Eurekahedge. Around 80% of the hedge fund managers tracked by Eurekahedge were able to […]