Monthly Archives: March 2020
CFTC Issues Second Wave of Relief to Market Participants in Response to COVID-19
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the Division of Market Oversight (DMO) has issued three no-action letters providing temporary, targeted relief to swap execution facilities (SEFs) and certain designated contract markets (DCMs) in response to the COVID-19 (coronavirus) […]
‘Hell is coming’ — Bill Ackman has dire warning for Trump, CEOs if drastic measures aren’t taken now
(CNBC) Investor Bill Ackman urged President Donald Trump and corporate America in an impassioned plea on CNBC to shut down the country for 30 days to contain the fast-spreading coronavirus, calling it the only option to rescue the economy. To […]
Dow futures drop more than 700 points, pointing to another day of declines on Wall Street
(CNBC) Futures contracts tied to the major U.S. stock indexes fell Wednesday evening, signaling another day of declines for Wall Street.The Dow Jones Industrial Average futures were 793 points lower, implying an opening drop of 689.92 points. S&P 500 and […]
Federal Reserve to shore up prime money market funds amid Wall Street rout
CNBC) The Federal Reserve took another page out of its 2008 crisis-era playbook late Wednesday evening, invoking its emergency authority to create a backstop for prime money market mutual funds. To read this article:
Seven ways the effects of the coronavirus will impact the hedge fund industry
(Opalesque) The changing landscape caused by the Coronavirus will lead to the largest shake out in the hedge fund industry since the 2008 market crash. Below are some of the ways we believe the Coronavirus will impact the hedge fund […]
Taking a long-term investment view is the only way to navigate this period
(Opalesque) We can make no clear conclusions on how much further markets may decline. We do know that this panic will subside but don’t know if it will accelerate before it subsides. Anyone claiming the ability to be able to […]
Barclay CTA Index Posts 0.22 per cent Loss in February
(Hedgeweek) The managed futures industry reversed course in February, turning from January’s gains into negative monthly territory losing 0.22 per cent, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. To read this article:
New York hedge fund says it is “simply not exposed” to mainstream markets
(Opalesque) By avoiding popular hedge fund strategies, a New York-based fund manager has so far avoided the widely experienced losses. Morgan Stanley analysts estimated that hedge funds across all strategies were down an average of 7.6% YTD versus a decline […]
Dow futures fall nearly 500 points after market rebounded on hopes for $1 trillion stimulus
(CNBC) Stock futures fell in overnight trading on Tuesday as the markets remained highly volatile with the government response to the coronavirus fallout unfolding. As of 11:29 p.m. ET, futures on the Dow Jones Industrial Average fell 486 points, indicating […]
Preqin All-Strategies Hedge Funds benchmark suffered significant loss of -2.21% in February
(Opalesque) The global outbreak of COVID-19 and falling oil prices hit hedge funds hard in February, said Preqin. The Preqin All-Strategies Hedge Funds benchmark suffered significant losses (-2.21%) in February, compared to January’s modest gains (+0.62%), caused by the global […]
Investors grapple with continued volatility across global assets
(Hedgeweek) The market fallout from the coronavirus pandemic will see continued volatility across equity, credit and commodity markets – but also potential investment opportunities. To read this article:
Raleigh’s Captrust acquires $5.5bn advisory firm
(Opalesque) Raleigh, NC-based Captrust Financial Advisors has acquired Welch Hornsby, a Montgomery, Alabama-based advisory firm with $5.5bn in assets under advisement, of which $1.75bn are discretionary assets under management. To read this article: