Category Archives: Syndicated
Biotech VC firm Flagship Pioneering raises $1.1bn for latest fund amid pandemic
(Opalesque) Massachusetts-based venture capital firm Flagship Pioneering managed to raise $1.1 billion for its seventh “origination fund” to support biotech startups, despite the economy is being disrupted by the COVID-19 pandemic. The VC firm specializing in company creation started biotech […]
Coronavirus is unleashing an ‘economic shock wave’ not felt since the 1930s, hedge fund manager Mark Yusko warns
(CNBC) Hedge fund manager Mark Yusko is telling investors to brace for a nearly once in a lifetime downturn. The Morgan Creek Capital Management CEO and CIO sees the Great Depression as the closest comparison to what’s happening to the […]
Stock futures lower as indexes head for modest weekly losses
(CNBC) Dow Jones Industrial Average futures fell 142 points, implying an opening loss of about 141 points. S&P 500 and Nasdaq futures also pointed to losses. Earlier on, futures had pointed to Friday opening gains for the three indexes. To […]
Money managers with high leverage under the most pressure from pandemic
(Opalesque) Money managers with high leverage and outsized exposure to equity-oriented strategies will come under the most pressure from market impacts caused by the coronavirus pandemic. According to Fitch Ratings, the assets under management (AUM), earnings before interest, tax, depreciation, […]
Brace for the ‘deepest recession on record,’ says BofA analysts
(Marketwatch) There are no parallels for the pandemic fueled slowdown that the U.S. economy is currently contending with, and that is forcing economists like those of Bank of America Global Research to forecast a decidedly grimmer outlook for the American […]
Chanos says he is still ‘maximum short’ Tesla even with drop in last month
(CNBC) The founder of hedge fund Kynikos Associates and well-known short seller Jim Chanos said Thursday that he is still betting against Tesla, even after the electric automaker’s stock fell dramatically in the past month. To read this article:
Just 7% of private markets professionals regularly work from home says new study
(Opalesque) Recent events mean a dramatic increase in working from home for almost all professions. But for most of those employed in private markets, this will be a new experience as just 7% of respondents to a new study from […]
Cashing in on credit: Managers taking bullish stance on “incredible” opportunities
(Hedgeweek) Credit-focused strategies are emerging as a key area of focus for investors, as managers rush to seize on the “incredible” opportunities being thrown up by the recent widespread market turmoil. To read this article:
Disney to furlough non-union employees at theme parks, waives annual pass fees
(CNBC) Without a clear idea of when its parks will be able to reopen, Disney announced plans to furlough non-union workers and stop collecting payments for its annual park passes. “Disney employees have received full pay and benefits during this […]
Dow futures fall more than 200 points after market posts worst first quarter on record
(CNBC) U.S. stock futures moved lower in overnight trading and pointed to declines at the open on Wednesday, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. Dow […]
Senators push Mnuchin to guarantee oversight of $500 billion coronavirus bailout fund
(CNBC) Leading Democratic senators on Tuesday called on Treasury Secretary Steven Mnuchin to ensure proper oversight of a $500 billion fund aimed at helping companies hit by the coronavirus’ economic fallout. The fund, which was established as part of a […]
Pandemic fears curb stocks as markets wait on U.S. jobs test next
(Reuters) – Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of […]