Global currency funds notch wins amid coronavirus volatility
NEW YORK (Reuters) - Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.
Hedge fund Glenview off 30% as coronavirus weighs on portfolio
BOSTON (Reuters) - Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in.
Elliott hedge fund gains in March, up 2.2% for year: client update
BOSTON (Reuters) - Paul Singer's Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% for the year through the first quarter, according to an update sent to clients on Friday and seen by Reuters.
Coronavirus fiscal fallout on U.S. muni issuers worries investors
CHICAGO (Reuters) - Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus.
Some U.S. direct payments will take months to reach Americans: congressional panel
WASHINGTON (Reuters) - Americans should start receiving direct payments from the U.S. government in mid-April to help them cope with the coronavirus pandemic, but some may not see the money until mid-September, according to a congressional committee.
Yield-thirsty investors eye stock dividends as virus fears shrink bond payouts
(Reuters) - Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields.
U.S. financial industry asking SEC to delay broker disclosure rule, citing coronavirus: sources
WASHINGTON (Reuters) - The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with knowledge of the discussions said.
Your money: How to adjust your autopay spending during the coronavirus pandemic
NEW YORK (Reuters) - Coronavirus lockdowns might have caught a lot of people by surprise last month, but with April's new billing cycle, it is time for cash-strapped Americans to rethink automatic spending habits.
Multi-strategy hedge funds outperformed peers as market plunged
BOSTON (Reuters) - Multi-strategy hedge funds - those that bet on a broad array of markets using teams of traders, leverage and centralized risk management - have flourished as stocks ended their worst three months since the 2008 financial crisis.
Billionaire investor Steve Cohen: 'After an earthquake there are tremors'
BOSTON (Reuters) - Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows.