Monthly Archives: March 2020
Canopius acquires Multi-Strat Holdings
(Opalesque) London-based global specialty reinsurer Canopius has acquired Bermuda-based Multi-Strat Holdings Ltd. Multi-Strat Holdings is a specialty reinsurer focused on casualty reinsurance and casualty reinsurance linked security (ILS) transactions. Financial terms were not disclosed. Canopius is one of the top […]
Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points
(CNBC) Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.Stock market futures hit “limit down” levels of 5% lower, a move made by […]
This is a wounded, fragile stock market raging for a proper policy response
(CNBC) Markets always rush to price in future economic conditions and often overshoot in the process. But can the recent near-30% crash in three weeks through Thursday have properly discounted an economic path now being set by an intentionally extreme […]
Russian National Charged for Defrauding Investors of Over $26 Million in Phony Certificates of Deposit Scam
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Denis Georgiyevich Sotnikov and entities he controlled for allegedly participating in a fraudulent scheme to lure U.S. investors into buying fictitious Certificates of Deposit (CDs) promoted through internet advertising and […]
JPMorgan, Bank of America, Citigroup and other major banks suspend stock buybacks due to pandemic
(CNBC) The Financial Services Forum, which includes some of the biggest banks in the United States, announced Sunday that its members would stop stock buybacks through the second quarter of the year because of the coronavirus pandemic. The group — […]
FCA halts short-selling of Italian stocks following market slides
(Hedgeweek) The Financial Conduct Authority has introduced a temporary ban on the short selling of certain Italian stocks, which will last until the end of Friday’s trading, in a move to calm the sustained frenzied selling following hefty slides in […]
Hedge funds down 2.81 per cent in February, says Backstop BarclayHedge
(Hedgeweek) Hedge fund losses picked up in February with the industry down 2.81 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index […]
CloudQuant proves value in PA Signals alt date set
(Hedgeweek) CloudQuant says it has proven the value in the Precision Alpha Machine Learning Signals (PA Signals) alternative data set. Its detailed data science study shows a long-short portfolio outperforms the equal-weight S&P 500 ETF by an average of 37.9 […]
Horseman eyes Korea volatility for autocallables opportunities
(Hedgeweek) Recent spikes in Korean stock market volatility following the global sell-off could see an upswing in margin calls in its autocallables market, potentially driving the index even lower, with investors taking advantage of the higher volatility to obtain higher […]
Hedge funds in the red in February, but ahead of other benchmarks; China-focused funds in the green
(Opalesque) The global hedge funds industry posted aggregate performance of -2.53% in February 2020 bringing YTD returns to -2.82%, according to the just-released eVestment February 2020 hedge fund performance data. While disappointing on the face of it, the aggregate figure […]
SEC Wins Jury Trial Against Microcap Fraudsters
(HedgeCo.Net) Jurors in Los Angeles federal court yesterday returned a verdict in the Securities and Exchange Commission’s favor against a microcap issuer, Curative Biosciences Inc., formerly known as Healthient Inc., and husband-and-wife insiders who made false and misleading statements to […]
Hedge fund short Cineworld sees stock plummet amid Coronavirus concerns
(Hedgeweek) Cineworld, the London-listed cinema group heavily shorted by a number of hedge funds, saw its share price tumble on Thursday amid the continued market sell-off on the back of the coronavirus outbreak. To read this article: