Monthly Archives: March 2020
Dow futures point to opening surge of more than 700 points after Trump floats payroll tax cut
(CNBC) Stock futures rose early Tuesday morning after the S&P 500?s worst day since the financial crisis.Futures on the Dow Jones Industrial Average gained 669 points, indicating an opening jump of more than 710 points on Tuesday. S&P 500 futures […]
Think it’s bad now? Wait a month, says hedge-fund manager Kyle Bass
(Marketwatch) Kyle Bass, chief investment officer of Hayman Capital Management, believes “this too shall pass,” when it comes to Monday’s deep selloff — the Dow Jones Industrial Average DJIA, -7.78% was down more than 2,100 points — but he’s in […]
KKR says employee tests positive for coronavirus, shuts London offices
(Reuters) – Private equity firm KKR & Co Inc said late on Monday an employee in its London office had tested positive for coronavirus, and that it would temporarily close both its London offices to have them sanitized. “Our London […]
Ackman’s Pershing Square gains nearly 3% in early 2020, warns of volatility
(Reuters) – William Ackman’s publicly traded hedge fund gained nearly 3% this year, though the billionaire investor warned of volatility ahead as world markets reel under the economic hit from the coronavirus epidemic.Pershing Square Holdings Ltd on Monday said NAV, […]
Even before price plunge, hedge funds were abandoning oil
(Reuters) – Even before the OPEC+ output agreement broke down on Friday, sending oil prices into a tailspin, hedge funds had launched a second wave of oil-related selling and established one of the most bearish positions since the price crisis […]
Andurand Capital goes short oil over coronavirus, after long-term bull bet
(Reuters) – Hedge fund manager Pierre Andurand began betting against oil three weeks ago due to the coronavirus outbreak, he told Reuters on Monday, reversing his multi-year bullish view. “I spent a lot of time studying this virus … In […]
Bond investors say some energy companies ‘will not survive’ oil rout slamming markets
(Marketwatch) Debt-laden U.S. shale-producing companies saw their bonds pummeled in Monday trading as an oil price war delivered a severe blow to the energy sector. To read this article:
Nasdaq acquires institutional investment fintech firm Solovis
(Hedgeweek) Nasdaq has acquired Solovis, a privately-held financial technology company offering multi-asset class portfolio management, analytics and reporting tools across public and private markets. To read this article:
Oil shorts paying off as global prices crash, with recession “almost inevitable”
(Hedgeweek) Oil prices plummeted on Monday morning as the impact from the coronavirus outbreak – coupled with a Saudi Arabian price cut – dragged global stock markets lower, with a number of major hedge funds standing to gain from the […]
Angel Island Capital closes $440m second credit opportunities fund
(Opalesque)Golden Gate Capital-backed credit firm Angel Island Capital has raised around $440m for the close for AIC Opportunities Fund II. The San Francisco-based multi-strategy credit investment advisor and portfolio company said that the fund is AIC’s inaugural third-party capital investment […]
SBAI publishes a memo on conflicts of interest between parallel funds
(Opalesque) The Standards Board for Alternative Investments (SBAI) has published a memo on addressing potential conflicts of interest between parallel funds, which was developed by the Standards Board’s Governance Working Group. To read this article:
SEC Provides Regulatory Relief for Companies Affected by the Coronavirus
(Hedgeco.net) The Securities and Exchange Commission has announced that it is providing conditional regulatory relief for certain publicly traded company filing obligations under the federal securities laws. The impacts of the coronavirus may present challenges for certain companies that are […]