Monthly Archives: March 2020
Allianz Global Investors liquidates two hedge funds amid market turmoil
(Reuters) – Allianz Global Investors plans to liquidate a pair of hedge funds after suffering losses during the market turmoil of the coronavirus outbreak. To read this article:
Hedge fund launches at lowest since 2008 in fourth-quarter: HFR
(Reuters) New hedge fund launches fell in the fourth quarter of 2019 to their lowest level since 2008, at 89 globally, according to data from industry tracker Hedge Fund Research (HFR). A total of 480 hedge funds launched in 2019, […]
FBI, SEC looking into lawmakers’ stock trades after coronavirus briefings: report
(Marketwatch) The FBI and the Securities and Exchange Commission are looking into stock trades by lawmakers made before the market plunged due to the impact of the coronavirus outbreak, CNN reported Sunday night. Sen. Richard Burr, R-N.C., is among those […]
Oil prices fall to 17-year low as Saudi Arabia-Russia standoff continues, coronavirus hits demand
(CNBC) Oil prices fell to the lowest in more than 17 years as demand plunged as a result of the pandemic and an unrelenting price war between Saudi Arabia and Russia showed no signs of easing. To read this article:
Management fee – you are always on my mind
(Opalesque)This Q&A attempts to answer some questions that may be on the mind of private equity sponsors who are nervous about the reactions of their LPs to the current crisis. Can our LPs terminate our fund? To read this article:
Dow futures point to nearly 500 point opening drop after capping off massive 3-day rally
(CNBC) U.S. stock futures were pointing lower Friday following a sharp rally sparked by increasing expectations of massive fiscal stimulus while investors shook off grim unemployment data. Dow Jones Industrial Average futures traded 400 points lower, pointing to an implied […]
New data reveals extent of Covid-19’s impact on hedge fund performance
(Hedgeweek) Hedge fund strategies of all stripes have posted sizeable losses so far this month as fears over the coronavirus outbreak ripped through global markets, new data from Hedge Fund Research shows. To read this article:
Hedge fund titans Simons, Griffin, Cohen and Tepper earned $1 billion in 2019 before virus outbreak
(CNBC) Renaissance Technologies’s James Simons, Citadel’s Ken Griffin, Points72?s Steven Cohen and Appaloosa Management’s David Tepper were among the biggest hedge fund earners in 2019 with each man raking in over $1 billion, according to Institutional Investor’s Rich List. To […]
Paul Tudor Jones says stocks could retest lows as virus peaks but will be higher in 3 to 5 months
(CNBC) Hedge fund manager Paul Tudor Jones told CNBC the market could be higher by June despite expectations for a turbulent April. “I do think the stock market’s going to find a bottom once we get a peak in the […]
SEC Provides Additional Temporary Regulatory Relief and Assistance to Market Participants Affected by COVID-19
(HedgeCo.Net) The Securities and Exchange Commission announced that it is providing additional temporary regulatory relief to market participants in response to the effects of the Coronavirus Disease 2019 (COVID-19). The actions announced today involve (1) parties needing to gain access […]
Mayfield raises $750m across two new venture capital funds
(Opalesque) Mayfield, a Menlo Park, Calif.-based venture capital firm, closed on $750 million in new capital across two venture capital funds. The new funds – $475 million Mayfield XVI and $275 million Mayfield Select II – brought the firm’s current […]
Investors generous with new money for hedge funds in February. Will that hold up in March?
(Opalesque) Investors were bullish on hedge funds in February, allocating another $14.78 billion to funds around the world, according to the just-released February 2020 eVestment Hedge Fund Asset Flows Report. February inflows bring YTD 2020 flows to +$21.96 billion. However, […]