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 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.
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.
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.
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.
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.
