By Jeff SommerWhen thousands of people are sick and dying, the stock market isn't the world's most pressing problem. It may even be unseemly to worry about it at all.Yet the market's steep fall matters, not just for hedge fund investors but for millions of hardworking people who have poured their savings into it, hoping to generate enough for a decent retirement, an education, a house -- really, for anything important in life that costs money.What we've just experienced in the market is a big setback.
The Kennedy family has a history of tragic deaths. : The daughter and grandson of former Maryland Lt. Gov. Kathleen Kennedy Townsend are missing and presumed dead after a canoeing accident, the family confirmed. Townsend confirmed late Friday the search had transitioned to a recovery operation. Townsend is the eldest daughter of Robert F. Kennedy, who was assassinated in 1968 while running for president, and the niece of President John F. Kennedy, who was assassinated five years earlier in Dallas.
Singapore-based private equity firm Ikhlas Capital will close its inaugural fund in the middle of this year, reassessing its planned $500 million target due to the coronavirus outbreak, founding partner and chairman Nazir Razak said.
Raoul Pal, the former hedge fund manager who founded Real Vision, thinks the fallout from the coronavirus will have immense, far-reaching impacts on the global economy. The duration and severity of the pandemic is something that Pal thinks hasn't yet been accounted for properly. Pal thinks a further 20% decline in stocks is on the horizon. For context, in October, Pal called the Federal Reserve cutting rates to zero and the US having negative rates. In late February, Pal said to buy bonds and that the impacts from the coronavirus would be "meaningful and real."
As the stock market experienced unprecedented growth over the past eleven years, however, many people were naturally less interested in the lifetime income options from pensions or annuities. Who wouldn't rather have all the assets today so they can invest them with the idea of earning high returns?
The California Public Employees Retirement System (CalPERS) is moving forward on its plan to further segment its massive investment portfolio by recruiting a deputy CIO for its growth assets portfolio. This portfolio pertains to assets such as listed equities, private equity, etc. Here is a description of the position, "The CalPERS Investment Office is seeking [...]
Singapore-based private equity firm Ikhlas Capital will close its inaugural fund in the middle of this year, reassessing its planned $1 billion target due to the coronavirus outbreak, founding partner and chairman Nazir Razak said.
An active search for two members of the Kennedy family who went missing Thursday during a boating trip on Chesapeake Bay has been suspended, the U.S. Coast Guard said Friday, according to reports.
Hedge Fund's Profitable Big Short Shows Why Demand Is Surging To Use Alternative Data In Guiding Investment Strategies | South China Morning Post
Before the coronavirus sent stock markets tumbling at the fastest pace since the 2008 financial crisis, Dymon Asia Capital (Singapore) sensed trouble.The hedge fund firm was combining information on past outbreaks with a raft of so-called alternative data, including Google searches in the US and daily readings from China on everything from road congestion to flight schedules and test-kit availability. The numbers convinced Dymon to take short positions against the S&P 500 and an index of...