In The News
“Beware the ides of March,” a soothsayer told Julius Caesar in Shakespeare’s famous play of the same name. Whether you believe in superstitions or not, March of 2020 will go down as a historic month on Wall Street. After peaking on February 19th, the S&P 500 fell 34% in just 23 trading days, marking the fastest bear market ever.
Traders are grappling with technology snafus while still being required to record trade-related conversations as best they can.
Economic impact of virus could lower state pension valuation.
New Mexico’s two large public retirement systems have already taken billion-dollar hits from a steep market downturn caused by actions taken in response to the coronavirus pandemic.
Borrowing costs could go up if state officials divert money to more urgent causes.
Owl Rock Capital Corporation has announced the closing of Owl Rock CLO III, Ltd, a $395.31 million collateralized loan obligation transaction.
Hedge fund managers made a killing in 2019, only to get put through the wringer when the coronavirus hit.
Renaissance Technologies’s James Simons, Citadel’s Ken Griffin, Points72′s Steven Cohen and Appaloosa Management’s David Tepper were among the biggest hedge fund earners in 2019 with each man raking in over $1 billion, according to Institutional Investor’s Rich List.
TorQuest Partners today announced the final closing of TorQuest Partners Fund V, with $1.375 billion of committed capital.
Even with investment gains Tuesday, Georgia’s giant teacher pension system, which sends checks to 133,000 retired educators each month, has lost $15 billion this year in the wake of the stock market crash caused by the coronavirus pandemic.