Category Archives: Syndicated
Venture capital closes 1,000 deals less than in previous quarter
(Opalesque) Deal activity declined in venture capital markets across the globe in Q1 2020 as the world comes to terms with the COVID-19 pandemic. According to Preqin, nearly 1,000 fewer deals were completed globally in Q1 2020 compared with Q4 […]
Global M&A activity nosedives towards the end of Q1 2020
(Opalesque) The global mergers and acquisition (M&A) deal volume and value started declining with the first quarter (Q1) of 2020 approaching the end, said a study. According to GlobalData the number of announced M&A deals decreased from 2,349 in February […]
Stock futures flat after Monday’s rally on hopes for economy reopening
(CNBC) U.S. stock futures opened flat in overnight trading, following a rally in the previous session as plans to ease coronavirus-induced lockdowns fueled investor appetite for riskier assets. To read this article:
Market losses and $8bn net redemptions in Q1 push hedge fund assets down $366bn
(Opalesque) In the week ending April 24th 2020, two reports revealed that global hedge fund assets dropped below $3 trillion for the first time since April 2014, hit by client withdrawals and investment losses amid the March market rout. To […]
HSBC’s first-quarter profits drop by nearly half as coronavirus hits
(CNBC) HSBC on Tuesday reported first-quarter earnings that missed expectations after the bank set aside more money for potentially larger loan losses due to the coronavirus pandemic and weakening oil prices. The bank, Europe’s largest by assets, said its pre-tax […]
UBS reports net income up 40% from a year ago, but warns coronavirus will lead to loan losses
(CNBC) UBS reported Tuesday that net profit had risen by 40% in the first quarter of 2020, but warned of additional loan losses as a result of the coronavirus pandemic. Net profit attributable to shareholders came in at $1.6 billion […]
U.S. payroll protection program: What has changed in round two?
(Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the second round of its program to help cover payroll costs of small businesses hurt by the novel coronavirus disruption. To read […]
Covid-19 oil shock “dominating” trading decisions
(Hedgeweek) Doug King, CEO and CIO of RCMA Capital’s long-running Merchant Commodity Fund, has described Covid-19 as an “out-and-out demand shock” to oil markets that cannot be solved or cured by governments and central banks To read this article:
The Fed won’t move on rates this week, but here are some other things it could do
(CNBC) After unleashing the most aggressive programs to support markets and the economy in its history, the Federal Reserve is likely to pause any additional initiatives until it has more information about how those moves are working and what lies […]
Investors to challenge Neiman Marcus bankruptcy loan, push for sale
(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a $600 million financing package that Neiman Marcus Group has lined up for its looming bankruptcy, […]
Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell:
(Reuters) – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony Scaramucci wrote in a letter to […]
Hedge funds and private equity firms won’t get PPP loans-SBA
(Reuters) – Hedge funds and private equity firms are not eligible for the types of U.S. government loans designed to provide relief to small businesses from the economic hardship of the coronavirus outbreak, the Small Business Administration said on Friday. […]