Category Archives: Syndicated
Hedge funds record strongest relative outperformance February since 2009
(Opalesque) In the week ending March 13th 2020, Eurekahedge said that hedge funds had the strongest outperformance compared with broad financial markets since 2009 last month as the coronavirus outbreak began to infect markets.The Eurekahedge Hedge Fund Index was down […]
Canopius acquires Multi-Strat Holdings
(Opalesque) London-based global specialty reinsurer Canopius has acquired Bermuda-based Multi-Strat Holdings Ltd. Multi-Strat Holdings is a specialty reinsurer focused on casualty reinsurance and casualty reinsurance linked security (ILS) transactions. Financial terms were not disclosed. Canopius is one of the top […]
Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points
(CNBC) Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.Stock market futures hit “limit down” levels of 5% lower, a move made by […]
This is a wounded, fragile stock market raging for a proper policy response
(CNBC) Markets always rush to price in future economic conditions and often overshoot in the process. But can the recent near-30% crash in three weeks through Thursday have properly discounted an economic path now being set by an intentionally extreme […]
JPMorgan, Bank of America, Citigroup and other major banks suspend stock buybacks due to pandemic
(CNBC) The Financial Services Forum, which includes some of the biggest banks in the United States, announced Sunday that its members would stop stock buybacks through the second quarter of the year because of the coronavirus pandemic. The group — […]
FCA halts short-selling of Italian stocks following market slides
(Hedgeweek) The Financial Conduct Authority has introduced a temporary ban on the short selling of certain Italian stocks, which will last until the end of Friday’s trading, in a move to calm the sustained frenzied selling following hefty slides in […]
Hedge funds down 2.81 per cent in February, says Backstop BarclayHedge
(Hedgeweek) Hedge fund losses picked up in February with the industry down 2.81 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index […]
CloudQuant proves value in PA Signals alt date set
(Hedgeweek) CloudQuant says it has proven the value in the Precision Alpha Machine Learning Signals (PA Signals) alternative data set. Its detailed data science study shows a long-short portfolio outperforms the equal-weight S&P 500 ETF by an average of 37.9 […]
Horseman eyes Korea volatility for autocallables opportunities
(Hedgeweek) Recent spikes in Korean stock market volatility following the global sell-off could see an upswing in margin calls in its autocallables market, potentially driving the index even lower, with investors taking advantage of the higher volatility to obtain higher […]
Hedge funds in the red in February, but ahead of other benchmarks; China-focused funds in the green
(Opalesque) The global hedge funds industry posted aggregate performance of -2.53% in February 2020 bringing YTD returns to -2.82%, according to the just-released eVestment February 2020 hedge fund performance data. While disappointing on the face of it, the aggregate figure […]
Hedge fund short Cineworld sees stock plummet amid Coronavirus concerns
(Hedgeweek) Cineworld, the London-listed cinema group heavily shorted by a number of hedge funds, saw its share price tumble on Thursday amid the continued market sell-off on the back of the coronavirus outbreak. To read this article:
Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%
(CNBC) Cryptocurrencies took a battering following a global sell-off in stocks, with bitcoin seeing a near 40% plunge. The market capitalization, or total value of the entire cryptocurrency market plummeted around $93.5 billion in the space of 24 hours as […]