Monthly Archives: March 2020
If Congress doesn’t act now on a coronavirus aid package, BTIG’s Julian Emanuel sees stocks plunging another 20%
(CNBC) If Congress doesn’t immediately pass a coronavirus aid package designed to help the U.S. economy, he warns it’ll spark more damage to an already battered market. “We’re in this situation where politics seems to be getting in the way,” […]
Oil slump overwhelms hedge-fund short covering
(Reuters) – Hedge funds continued to sell petroleum in the middle of March but at a diminishing rate as some managers began to buy back previous short positions – anticipating a rebound that never came. To read this article:
Ping An leads $146m capital raise for iCapital
(Opalesque) iCapital Network the financial technology platform leading the industry in driving access and efficiency in alternative investing, today announced it closed a $146 million capital raise to fuel its future growth. Ping An Global Voyager Fund led the round, […]
Germany tells hedge funds: make no mistake, we’ll protect our companies
(Reuters) – Germany quickly wants to get aid to companies struggling with the impact of coronavirus, Economy Minister Peter Altmaier said on Monday, adding that Berlin was ready to protect firms from unwanted takeovers with a new fund during the […]
SEC Provides Conditional Regulatory Relief for Registered Transfer Agents and Certain Persons Affected by the Coronavirus
(HedgeCo.Net) The Securities and Exchange Commission today announced that it is providing conditional regulatory relief for registered transfer agents and certain other persons with regulatory obligations under the federal securities laws. The impacts of COVID-19 may present challenges for transfer […]
The Dow is on pace for its worst month since the Great Depression
(Marketwatch) The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline for the Dow Jones Industrial […]
Dow futures drop more than 600 points, briefly hit ‘limit down’ as investors await a stimulus agreement
(CNBC) U.S. stock futures plunged again on Sunday night as Wall Street waits on Washington to agree to an economic stimulus and rescue plan to combat the giant economic blow from the coronavirus outbreak. Dow Jones Industrial Average futures fell […]
NYSE readies itself for first ever all-electronic trading day
(CNBC) The Securities and Exchange Commission published rule changes on Saturday that allow the New York Stock Exchange to conduct all-electronic trading. On Monday, the first day the trading floor will be closed, the NYSE opening at 9:30 a.m. ET […]
Stop blaming short sellers for causing the market drops
(CNBC) Call it part of the grand blame game: Markets are down big, so it must be someone’s fault. Exchange traded funds. High-frequency traders. Short sellers. In Europe, they have already figured out whose fault it is: Short sellers! In […]
COVID-19 is hurting investor sentiments, deals down by 1/3
(Opalesque) The concerns around the coronavirus outbreak in China and its subsequent crisis in several other nations are expected to have a large impact on the global economy, which is also hurting investor sentiments. To read this article:
Local private equity (PE) and venture capital (VC) fund managers say they expect deal activity in China to recover in the coming months
(Opalesque) The coronavirus pandemic, which started in the city of Wuhan in Hubei province about three months ago, has roiled the world’s second-largest economy. To read this article:
CTAs stage comeback with further gains
(Hedgeweek) Managed futures strategies have been slowly clawing back gains in recent days, as steep downward trends continued to rock global markets on the back of the coronavirus pandemic. To read this article: