Monthly Archives: March 2020
WallStreetBets announces first live trading championship
(Opalesque) WallStreetBets today announced it will host the world’s first live esports-style stock market trading competition, The WSB Championship. The competition, which will be held October 28-30 at America’s largest esports arena, will pit the country’s top traders against each […]
SEC Charges Investment Adviser for Failing to Disclose Conflicts
(HedgeCo.Net) The Securities and Exchange Commission charged Donald H. Hunter, an unregistered investment adviser based in Ridgefield, Connecticut, with failing to disclose material conflicts of interest related to the sale of shares of You Angel Finance, LLC. According to the […]
Senate passes $2 trillion coronavirus stimulus package, sending it to the House
(CNBC) The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets. The chamber approved the bill in a unanimous 96-0 vote after […]
Futures shed gains, pointing to opening decline for Wall Street
(CNBC) U.S. stock futures shed earlier gains in overnight trading on Wednesday as investors looked ahead to the national initial jobless claims data expected on Thursday morning.Dow futures fell 232 points, indicating an opening drop of around 286 points, at […]
Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hilton
(CNBC) Pershing Square manager Bill Ackman exited his market hedge positions earlier this week and used the more than $2 billion in proceeds to bulk up on his fund’s existing stakes as well as reinvest in coffee chain Starbucks. To […]
Coronavirus: A “massive” hit on the global economy, worse global recession than forecast, says S&P Global Ratings
(Opalesque) A global recession will occur later this year, S&P Global forecasts. Moves to slow the spread of the coronavirus will have a “massive” impact on the global economy, S&P Global Ratings warned. To read this article:
Most hedge funds strategies except CTAs were down in mid-March: Lyxor
(Opalesque) Alternative strategies were fairly resilient during the first weeks of the market turmoil but cracks appeared mid-March, said Lyxor in its weekly brief. According to the report, as of March 16th, most strategies except CTAs were down in a […]
SEC Awards Over $570,000 to Two Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission today announced awards totaling over $570,000 to two whistleblowers who provided significant information and assistance that helped the Commission bring multiple successful enforcement actions. The first whistleblower received an award of approximately $478,000 and […]
Stock futures decline following a historic rebound as massive stimulus deal nears
(CNBC) Stock futures were lower in overnight trading, following Tuesday’s historic rally, as investors awaited an unprecedented stimulus package to combat the economic impact of the coronavirus. Futures on the Dow Jones Industrial Average fell 158 points, pointing to a […]
Citadel turns 2020 profit after spotting virus risk early
(CNBC) Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person […]
Senate talks continue on massive cornavirus stimulus as final agreement proves elusive
(CNBC) Negotiations on a massive stimulus bill to prop up the U.S. economy as it reels from the coronavirus outbreak dragged on late Tuesday night, as final agreement proved elusive. To read this article:
Widening valuation spreads offer “significant” rally potential
(Hedgeweek) Portfolios built around value-based positions may be primed for a “significant” rally following the sustained global stock market slide, according to strategists at Man Group. To read this article: