Hedge Funds Would Get To Keep Lots Of Trades Secret In Sec Plan
(Bloomberg) -- Hedge funds have long complained about U.S. rules that force them to reveal their investments to other traders. For many money managers, that obligation could be going away. The Securities and Exchange Commission said Friday that it’s considering requiring only investors who hold at least $3.5 billion in equities to disclose their holdings quarterly. Under current requirements, fund managers with at least $100 million in securities must report their investments every three months. The proposal would mark a dramatic easing of rules that haven’t been changed in more than four decades.
Hedge Funds Face Sweeping Changes To Remote Working And Office Space, As Firms Review Footprint
Most US hedge funds and other alternative managers expect to return to work before year-end, but a majority predict sweeping changes to work-from-home policies and office layouts, with close to a third of New York-based managers mulling a reduction in office space, a deep-dive industry study by Seward & Kissel has found. The US law firm's Alternative Investment Manager Covid-19 Survey examined the potential long-term effects of the coronavirus pandemic on the alternative investment industry's business functions, quizzing a range of CFOs, COOs, CCOs and GCs from hedge funds, private equity and other alternative investment managers.
Oil Prices Climb More Than 2% On Improved Forecast For Demand Recovery | Business Standard News
Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row.
Big Tech Went From Growth Stocks To Wall Street's Treasury Bond Substitute During The Coronavirus
Wall Street flocked into these names because they believe their business models can not only weather this downturn, but thrive in it.
Rackspace Plans To Return As Publicly Traded Company
Rackspace Technology Inc. said Friday it plans to launch an initial public offering for its stock four years after going private. In its Securities and Exchange Commission filing, the cloud technology services company said it plans to raise up to $100 million in the IPO but that figure is usually used as a placeholder and updated in later filings. Goldman Sachs, Citigroup, J.P. Morgan, RBC Capital Markets, and Evercore ISI are listed among the underwriters. The company plans to list under the ticker "RXT" on the Nasdaq.
Foresight Group Bought Pensions Infrastructure Platform Limited
Foresight Group LLP acquired U.K.-based Pensions Infrastructure Platform Limited (PIP), a PS1.8 billion asset manager created by pension schemes. The board of PIP ran a competitive process. The deal involves the PIP team transferring to Foresight to manage PIP's assets and relationships with its limited partners. PIP's CEO Paula Burgess will become a partner of [...]
Wealthy Us Endowments Could In The Future Have Growing Tax Liabilities
As the United States grapples with COVID-19, students of universities are paying tuition, while not getting the full benefit of attending classes and even graduations. In American history, colleges and universities by their nature have a left-wing bias in their political ideologies - some majors more than others. In the past decade, there are mounds [...]
Covid-19 Coronavirus Led To More Black Deaths Because Of Housing Discrimination
Housing discrimination dating back to the 1940s put Black Americans more at risk of contracting and dying from the Covid-19 coronavirus. Here's how. | Matthew J. Lee/The Boston Globe via Getty Images Racist WWII housing policy might not sound like it has much to do with the coronavirus. But it does. One thing hasn't changed as a new surge of coronavirus cases has swelled across the United States: Black Americans continue to disproportionately get infected by and die from this novel pathogen.
Dol To Allow Private Equity Investments In Dc Plans | Ary Rosenbaum
The Department of Labor (DOL) released some new guidance that might facilitate the inclusion of private equity (PE) exposure in participant-directed defined contribution (DC) plans ERISA. The guidance contemplates the viability of multi-asset target-date, target-risk, and balanced funds made available on a plan lineup, including as a designated investment alternative....By: Ary Rosenbaum.