Monthly Archives: March 2020
Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%
(CNBC) Cryptocurrencies took a battering following a global sell-off in stocks, with bitcoin seeing a near 40% plunge. The market capitalization, or total value of the entire cryptocurrency market plummeted around $93.5 billion in the space of 24 hours as […]
Dow futures erase earlier losses, point to opening gain of 500 points
(CNBC) U.S. stock futures were volatile in overnight trading, after the major averages on Thursday suffered their worst sessions since the “Black Monday” market crash in 1987. To read this article:
Bridgewater hedge funds post mixed results amid market turmoil
(Nasdaq) Bridgewater Associates LP, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted mixed returns amid the coronavirus-led market turmoil, according to an investor with direct knowledge of the performance. To read […]
Bernard Madoff wants to make ‘dying, personal plea’ for freedom
(Reuters) – A dying Bernard Madoff wants to tell the U.S. judge who will decide whether to free him from prison that he has accepted responsibility for his massive Ponzi scheme, and is sincerely remorseful for his crimes and their […]
Brace! Brace! Brace!
(Opalesque) We have been tracking the progression of the impending market Collapse and the Wuhan Virus. We are now at the point of impact when the effects of the virus touch everyone and the reality of the global economic crunch […]
SS&C GlobeOp Hedge Fund Performance Index down -0.42 per cent in February
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured -0.42 per cent for February 2020. To read this article:
Healthcare private equity posts highest ever deal value in 2019
(Opalesque) Healthcare private equity had a robust 2019. Total disclosed deal value reached $78.9 billion, the highest on record, and the deal count of 313 was in line with the 316 deals of 2018, according to new data from Bain […]
Dow futures point to a loss of about 600 points after Tuesday’s surge
(CNBC) Dow Jones Industrial Average futures were down 454 points, indicating a loss of 596.16 points at the Wednesday open. S&P 500 and Nasdaq 100 futures also pointed to losses. The move down in futures comes after the major averages […]
Hedge funds just notched their best performance since 2009, report finds
(Marketwatch) Hedge funds had the strongest outperformance compared with broad financial markets since 2009 last month as the coronavirus outbreak began to infect markets, according to the Eurekahedge Hedge Fund Index. To read this article:
Merger arbitrage hedge funds show their mettle amid market mayhem
(Hedgeweek) Merger arbitrage is proving the most resilient hedge fund strategy amid the continued global volatility sparked by the coronavirus outbreak, according to Lyxor Asset Management. To read this article:
SEC Halts Fraudulent Offering By Florida Investment Adviser
(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group LLC and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that […]
Half of large investors now get onshore discounts as hedge funds grapple with fee pressures
(Hedgeweek) Close to a third of hedge fund firms have now slashed management and performance fees, according to a new industry study, which suggests managers increasingly must offer discounts and other novel fee models to retain investor mandates. To read […]