Opalesque Exclusive: Diligence gaps raise flags as litigation finance gets boost... [more]Bailey McCann, Opalesque New York: Litigation finance firms could be unexpected beneficiaries of the coronavirus crisis. Litigation funders are usually paid out when cases resolve. However, as cases stall out in courts that are either closed or wrestling with how to conduct virtual trials, litiga
Lyxor maintains an overweight stance on Merger Arbitrage strategies despite volatility increases... [more]Laxman Pai, Opalesque Asia: Merger Arbitrage was among the most resilient hedge fund strategies during the first part of the market sell-off. However, during the second and third week of March, deal spreads widened indiscriminately, approaching levels last seen during the global financial crisis.
Long volatility and tail risk strategies outshined their peers as equities and oil slumped in February... [more]Opalesque Industry Update - Hedge fund managers were down 1.70% in February, reports Eurekahedge, as the development of the COVID-19 outbreak outside of Mainland China weighed on risk assets throughout the month. More than 90% of the hedge fund managers were able to outperform the global equity mark
Prophet Capital to dissolve hedge fund amid 'extreme volatility'... [more]From Reuters: Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and ultimately dissolve it, according to a letter sent to investors on Monday seen by Reuters.
EU watchdog considers leverage curbs on hedge funds to bolster financial stability... [more]From Reuters: The European Union markets watchdog is considering leverage curbs on hedge funds and private equity funds to shore up financial stability as the coronavirus outbreak roils global markets.
The proposal from the European Securities and Markets Authority (ESMA) could give more power
SWF: World's biggest sovereign wealth fund dragged closer to forced asset sales... [more]From Straits Times: Norway's US$950 billion (S$1.35 trillion) sovereign wealth fund - the world's biggest - is about to make history as it prepares to liquidate assets to cover government withdrawals.
The crisis triggered by the coronavirus pandemic is playing out very differently for the gian
Study: Bfinance: Investment grade credit offers performance satisfaction... [more]From IPE: A majority of investors polled by financial consultancy bfinance using investment grade credit strategies are "very" or "somewhat" satisfied with their performance during the downturn. The firm conducted a survey of asset owners between 19-20 March, receiving responses from 260 investors i
Europe: Short-term funding crunch pushes European companies into bonds... [more]From Reuters: A slew of European corporate bond issues over the past week have brought some cheer to shell-shocked markets, but a key reason for the rush may be more concerning: A scant commercial paper market.
European companies issued more than 20 billion euros ($22.1 billion) of debt combin
ESG: Barclays asks investors to vote on new climate ambition, commitment... [more]From IPE: Barclays has developed a new climate policy that will be put to the vote at the bank's upcoming annual general meeting (AGM) alongside a pension fund-backed shareholder resolution on the same issue.
The bank today announced it had set an "ambition" to become a "net zero" bank by 2050
Philanthropy: How philanthropists are helping during the crisis... [more]From NY Times: The coronavirus pandemic is a test of how philanthropists can use their wealth to fill an enormous gap in revenue for nonprofit groups. Their strategies could inspire other donors who want to know the quickest ways to ensure their dollars have the biggest impact.
There is an imm
And, finally: First virtual church service gets surreal... [more]From Metro News: Vicar Simon Beach, 61, of St. Budeaux Parish Church in Plymouth, England, was uncomfortable enough as he launched into his first virtual church service on March 22, calling it "surreal." But as he leaned into the camera to deliver the final portion of his sermon, he looked to his le
Already in 2012, one of Madonna's concert promoters, Alvaro Ramos, confessed that: "We have to take extreme care, like I have never seen for any other artist. We cannot even look at the dressing room, after it is ready, or even open the door. We can only enter after her sterilization team has left the room. There will not be any of Madonna's DNA, any hair, or anything. They will clean up everything. I do understand it, but it is taken to extremes."
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.
RSS
Bill Prew, CEO of INDOS Financial, a UK-based independent fund depositary and oversight business, has flagged the following new regulatory proposals potentially impacting alternative investment funds:
There was an interesting consultation published by ESMA on 27 March on how regulators should add..
B. G., Opalesque Geneva:
Kevin Burrows, founder and CIO of Miami-based asset manager Blue Mahoe Partners, views the Caribbean as an overlooked frontier market: "Frontier markets are all in the news but most investors still look at the Caribbean region as a lot of hotels and beaches. We want t..
