The Conference Board’s US consumer confidence index rose slightly to a reading of 86.6 in May from a downward revised 85.7 reading in April, stopping the slide at two months, but leaving the index well below the recent peak in February. Analysts had expected the May index to rise to 88.3 from the originally reported […]
The Bank for International Settlements (BIS) has opened a new dealing room at its Representative Office for the Americas in Mexico City. The new facility complements the existing BIS trading rooms in Basel and Hong Kong SAR, allowing the BIS to offer 24-hour services to its central bank customers. Jaime Cortina, who joined BIS last […]
During the strong 2019 equity bull market when the S&P 500 gained 31.5%, hedge funds returned 8.4%, according to HFR (27% of upside). During the 1Q 2020 Coronavirus Crisis, when the S&P 500 fell -19.6%, hedge funds fell -5.9% (30% downside). The outstanding question is: have hedge funds achieved goal within portfolios and what strategies […]
