After market storm, hedge funds launch to catch the recovery wave

FILE PHOTO: A screen displays trading information over the floor of the New York Stock Exchange in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson

Fund managers and service providers told Reuters that seven hedge funds focused on credit and equities have either launched or plan to launch portfolios since the start of March while another credit fund got under way in the past few weeks. In the last week of March, investors pulled a record $109 billion out of bond funds followed by data provider Emerging Portfolio Fund Research. During the month, distressed debt and emerging markets strategies lost 13% and 9.6% respectively, according to data provider Eurekahedge.Now, firms are betting conditions are ripe for a rebound and are seeking assets left undervalued following the market rout.

Other funds that had planned to launch before the pandemic said they were still in full steam ahead, such as a London-based long-short hedge fund focused on emerging markets which aims to launch before the end of April.

That is about two years away.

How many politicians will make big money off of this? Who’s going to investigate ? Not the Democratic news

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix, The Netherlands Film Fund Launch Relief Fund for Dutch Industry WorkersNetflix and The Netherlands Film Fund have joined forces to set up a new relief fund to help the Dutch film and TV industry’s workers who have been the most impacted by the coronavirus pandem…
Source: Variety - 🏆 108. / 63 Read more »

Exclusive: Hedge fund Elliott says stocks could fall 50% from February highs - letterBillionaire Paul Singer’s Elliott Management said global stocks could tumble more -- ultimately losing half of their value from February's high -- as the world braces for the deepest recession since the 1930s-era Great Depression, according to a letter sent to clients on Wednesday and reviewed by Reuters. Someone is shorting the market. * so many tears * frankieknuckles The U.S. stock market has been riding high with easy money for at least 5 years.-I wouldn't be surprised.
Source: Reuters - 🏆 2. / 97 Read more »