Monthly Archives: March 2020
Greece lightning… will it strike twice?
(Hedgeweek) Covid-19 will impact Greek tourism, but with strong PMI figures in 2019 and a new stable government, hedge funds such as Greylock Capital see long-term opportunities in the country; in particular Greek debt and real estate. Hopefully, the storm […]
Bank of America Says The Recession Is Already Here: ‘Jobs will be lost, wealth will be destroyed’
(CNBC) Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here. “We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and […]
Recidivist Investment Adviser Charged with Fraud and Seeks Enforcement of a Commission Order
(HedgeCo.Net) The Securities and Exchange Commission announced charges against recidivist Brandon E. Copeland for violating a Commission order and, together with his investment adviser firm, E.B. & Copeland Capital, Inc., deceiving potential investors in a pooled investment vehicle. In July […]
Bridgewater Hedge Funds Fall Further On Coronavirus Market Rout
(Reuters) – Bridgewater Associates LP, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted double-digit losses so far this year amid sharp market declines sparked by the coronavirus outbreak To read this […]
Englander’s Millennium To Shut Some “Trading Pods” As Economic Fallout of Coronavirus
(Reuters) – Millennium Management has closed many of its “pods” run by teams of traders, as violent market swings caused by jitters over the economic fallout of the coronavirus leads to losses, the Financial Times reported here citing two sources. […]
Investor Ray Dalio estimates the corporate losses in the US from coronavirus will top $4 trillion
(CNBC) Investor Ray Dalio told CNBC on Thursday the coronavirus outbreak will cost U.S. corporations up to $4 trillion, and “a lot of people are going to be broke.” “What’s happening has not happened in our lifetime before … What […]
The stock market may bottom long before the coronavirus epidemic peaks, analysts say
(Marketwatch) How low can stock markets go? While the stock market is typically a leading indicator of the economy — it tends to peak before the onset of an economic recession and bottom before an economic recovery — the unique […]
Futures point to more than 200-point drop for the Dow, reversing Thursday’s gains
(CNBC) U.S. stock futures on Thursday evening mostly pointed to losses at the open on Friday, threatening the modest gains stocks managed to eke out during the last session. Dow Jones Industrial Average futures fell 153 points, indicating a loss […]
Healthcare hedge fund Rhenman sees sector dispersion as Coronavirus grips markets
(Hedgeweek) Rhenman & Partners Asset Management, the Stockholm-based hedge fund firm which invests in global healthcare stocks, says the industry has not been shielded from the impact of Covid-19 – though different sub-sectors have been impacted in markedly different ways. […]
Hedge funds reverse two-month redemption trend with USD21.2bn inflows in January
(Hedgeweek) The hedge fund industry experienced USD21.2 billion in inflows in January, reversing a two-month redemption trend in a turnaround from December’s USD29.0 billion in redemptions. To read this article:
JPMorgan Chase says it will close 20% of its branches because of the coronavirus pandemic
(CNBC) JPMorgan Chase will temporarily close about 20% of its branches and reduce staffing in the ones remaining in response to the coronavirus pandemic. To read this article:
Three Individuals Charged for Falsifying Records in Connection with Investment Adviser Ponzi Scheme Investigation
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals who, while working for an investment adviser, falsified and withheld documents that were requested by staff of the SEC during an examination and ensuing enforcement investigation. According to the SEC’s […]