Global hedge fund liquidations surge as coronavirus hurts returns: data

Visit Reuters.com for the latest news

Reuters Money Make sense of the market.       Tweet       Share Global hedge fund liquidations surge as coronavirus hurts returns: data More hedge funds went out of business during the first three months of 2020 than at any other time since 2015 as the coronavirus led to heavy losses and investors pulled out billions in assets. Cannae, Senator can call special meeting on CoreLogic, financing set Cannae Holdings and Senator Investment Group, which are trying to buy CoreLogic Inc, said on Tuesday they own enough of the data and analytics firm to call a special meeting and that Bank of America is sure it can arrange financing for the deal. Precious metals, biotech among second-quarter fund winners as markets rebounded Funds that rode the market's rally to generate the highest second-quarter returns included those invested in assets such as mining stocks, energy and technology. Rainy day hastens sovereign wealth funds' refocus to home Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought by COVID-19. How to control college costs in the age of COVID-19 Tina Smets had long thought about getting a college degree, but that seemed impossible. Fund giant BlackRock 'warming up' to European assets BlackRock's Investment Institute said on Tuesday it was "warming up" to European assets following what it called the eurozone's "impressive" efforts to tackle the coronavirus. Column: What would private equity funds in 401(k)s mean for retirement savers? Employer retirement plans are not known for their flashy investments - a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed income mutual funds that automatically rebalance to minimize risk as retirement approaches. U.S. money market assets decreased in latest week: iMoneyNet U.S. money market fund assets decreased by $24.84 billion to $4.668 trillion in the week ended June 9, the Money Fund Report said on Wednesday. Related Videos Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions