Hedge Fund AUM Reaches $3.31tn as of 31 March 2020, Down by 9.4% from Q4 2019 (Opalesque.com)
The 2020 coronavirus pandemic around the world has severely affected the global economy causing economic distress on the hedge fund industry in Q1. Industry assets under management (AUM) fell by 9.4% from Q4 2019 to $3.31tn as of 31 March 2020, stated Preqin. This is the first time AUM has fallen below $3.5tn since Q4 2018. Poor performance accounted for the majority ($296.1bn) of lost assets, with investor redemptions totaling $47.7bn. This brings hedge funds to eight consecutive quarters of outflows. Almost all top-level strategies suffered outflows in Q1. Macro strategies and CTAs recorded the greatest capital withdrawals, at $10.8bn and $10.7bn respectively.
The Secret Sauce of Nordea’s Alpha Strategies (Hedge Nordic)
Stockholm (HedgeNordic) – Nordea’s Alpha 10 MA Fund gained 3.3 percent in March and 4.2 percent in April, making the multi-asset, multi-strategy fund one of the few funds that made money in both periods. Alpha 10 MA Fund, one of the three Alpha products managed by Nordea’s multi-asset investment team headed by Asbjørn Trolle Hansen, is up 5.7 percent year-to-date through May 27. In Nordea’s weekly webinar Morning Espresso, Hansen says that “unfortunately, we do not have the ability of just X-Raying what is going to happen a month from now.”
The Sr. EVP & Chief Technology Off of Huntington Bancshares (NASDAQ: HBAN) is Selling Shares (Analyst Ratings)
Today, the Sr. EVP & Chief Technology Off of Huntington Bancshares (HBAN), Paul Heller, sold shares of HBAN for $425K. In addition to Paul Heller, one other HBAN executive reported Sell trades in the last month.
Thursday 5/28 Insider Buying Report: CSWI, GBAB (Nasdaq.com)
At CSW Industrials, a filing with the SEC revealed that on Wednesday, EVP, CFO James E. Perry bought 5,000 shares of CSWI, for a cost of $69.68 each, for a total investment of $348,400. Perry was up about 4.3% on the purchase at the high point of today’s trading session, with CSWI trading as high as $72.70 at last check today. CSW Industrials is trading up about 3.4% on the day Thursday. This purchase marks the first one filed by Perry in the past twelve months. And at Guggenheim Build America Bonds Managed Duration Trust, there was insider buying on Wednesday, by Director Donald A. Chubb Jr. who bought 9,000 shares at a cost of $22.74 each, for a trade totaling $204,652. Guggenheim Build America Bonds Managed Duration Trust is trading up about 0.2% on the day Thursday. Chubb Jr. was up about 1.0% on the purchase at the high point of today’s trading session, with GBAB trading as high as $22.96 in trading on Thursday.
Rockwell Automation Inc (ROK) President and CEO Blake D. Moret Sold $665,147 of Shares (Guru Focus)
President and CEO of Rockwell Automation Inc., Blake D. Moret, sold 3,181 shares of ROK on 05/26/2020 at an average price of $209.1 a share. The total sale was $665,147. Rockwell Automation Inc engages in providing industrial automation and information solutions to make its customers more productive and the world more sustainable. It operates in two segments: architecture and software and control products and solutions.
