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Feb 14, 2019
EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or...
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Feb 14, 2019
Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset...
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Feb 14, 2019
Warren Buffett's Berkshire Hathaway Inc said it trimmed its stake in iPhone maker Apple Inc, its largest stock investment, and added positions in Canada's Suncor Energy Inc and software company Red...
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Feb 14, 2019
U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Lipper data...
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Feb 14, 2019
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court...
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Feb 14, 2019
The average U.S. tax refund under President Donald Trump's tax overhaul is down nearly 9 percent so far in this year's tax filing season, according to Internal Revenue Service data released on...
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Feb 14, 2019
Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley giants like Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter,...
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Feb 14, 2019
Wealthfront, one of the largest digital wealth management firms known as "robo-advisers", said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on...
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Feb 13, 2019
A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in...
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Feb 13, 2019
Slower overall growth is the new normal for China, but the globe's second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen,...
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Feb 13, 2019
German fund manager Union Investment is nearing a deal to buy about 16,000 German flats for roughly 2 billion euros ($2.3 billion) from a Chinese investor, people close to the matter told Reuters.
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Feb 13, 2019
German fund manager Union Investment is nearing a deal to buy about 16,000 German flats from BGP, owned by a Chinese investor, in a roughly 2 billion euro ($2.26 billion) deal, people close to the...
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Feb 13, 2019
BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world's largest fund manager said in a memo on Wednesday.
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Feb 13, 2019
Hedge fund manager William Ackman told investors that his publicly traded portfolio has gained 24.7 percent this year, fueled by strong growth in Fannie Mae, Freddie Mac and Chipotle Mexican Grill...
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Feb 13, 2019
Morgan Stanley's global head of macro trading in the bank's fixed income division is retiring, according to a memo seen by Reuters.
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Feb 13, 2019
When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump's son-in-law, eyebrows were raised in Doha.
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Feb 13, 2019
In America's corporate boardrooms, diversity is making uneven progress: Women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table.
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Feb 12, 2019
Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday.
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Feb 12, 2019
Fidelity Investments, one of the world's largest investment managers, said on Tuesday it had expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs.
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Feb 12, 2019
Fidelity Investments, one of the world's largest investment managers, said on Tuesday it has expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs.
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Feb 12, 2019
Wells Fargo & Co expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth.
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Feb 12, 2019
Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch's survey for the first time in its history.
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Feb 12, 2019
Fund managers named emerging markets as the most crowded trade for the first time, ahead of the U.S. dollar and technology stocks, according to Bank of America Merrill Lynch's February survey...
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Feb 11, 2019
While this year's taxapalooza is off to a slow start because of the earlier U.S. government shutdown, one thing already is clear: your refund might be a whole lot smaller than you were expecting.
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Feb 11, 2019
The California State Teachers' Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund...
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Feb 08, 2019
Prominent short seller Carson Block is saying that medical device company Inogen Inc has inflated the size of its markets and expects the stock price to fall.
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Feb 08, 2019
Investors pumped record high volumes of cash into emerging markets shares and bonds in the past week, Bank of America Merrill Lynch (BAML) said on Friday amid growing expectations of a weaker U.S....
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Feb 07, 2019
U.S. central bankers are done raising domestic interest rates amid signals from Asia and Europe that global economic growth is sputtering, according to RBC Wealth Management's lead fixed-income...
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Feb 07, 2019
When Medicare prescription drug insurance was created in 2003, the idea that beneficiaries with very high drug costs should pick up 5 percent of the tab seemed reasonable - but that was well before...
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Feb 07, 2019
CHICAGO (Reuters - It took 52-year-old social worker Nancy Peterson a combination of five different grants and low interest loans to accumulate $80,000 for the downpayment she needed to become a...
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Feb 06, 2019
A record number of 'socially conscious' mutual funds and exchange-traded funds were launched by asset managers last year, keen to tap growing demand from retail investors.
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Feb 05, 2019
Small-cap stocks were among the biggest losers during the stock market's rout late last year as investors worried about high leverage, but they have outperformed in 2019's rebounding market, with...
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Feb 05, 2019
Anyone with a boring 9-to-5 job and some culinary talent has at some point probably dreamed of opening their own food truck.
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Feb 04, 2019
Shares of Chipotle Mexican Grill have surged over 70 percent over the last 12 months, but some U.S. fund managers are waiting for Feb. 6 earnings results to confirm that the burrito-chain is truly...
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Feb 04, 2019
Bill Gross, once the global bond market's most influential investor and prognosticator, will retire in coming weeks from Janus Henderson Group Plc, ending an attempt to reclaim the stature he had...
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Feb 04, 2019
Janus Henderson said on Monday that veteran bond manager Bill Gross, who co-founded PIMCO in 1971, will retire and has decided to focus on managing his personal assets and charitable foundation.
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Feb 04, 2019
Janus Henderson said on Monday veteran bond manager Bill Gross, who joined the firm in late 2014, will retire and has decided to focus on managing his personal assets and charitable foundation.
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Feb 01, 2019
A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert's proposed $5.2...
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Jan 31, 2019
The idea that Social Security benefits should be expanded - not cut - is going mainstream.
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Jan 30, 2019
It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need for retirement.
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Jan 30, 2019
Asset managers in Britain should spell out in greater detail how they picked sustainable investments that benefit clients, society and the environment, regulators proposed on Wednesday.
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Jan 30, 2019
Actors are widely recognized at events like the Academy Awards, coming up next on Feb. 24, but producers - who work behind the scenes to get movies made - often get blank stares.
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Jan 30, 2019
Fund manager Janus Henderson is closing down its three Australian equities funds due to tough fund-raising conditions, and will return nearly A$490 million ($352.65 million) to investors, a company...
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Jan 30, 2019
Asset managers in Britain should spell out in greater detail how they picked sustainable investments that benefit clients, society and the environment, regulators proposed on Wednesday.
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Jan 29, 2019
Goldman Sachs Group Inc said on Tuesday that Konstantin Shakhnovich, co-head of engineering for the U.S. bank's securities division, is retiring, according to a memo seen by Reuters.
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Jan 29, 2019
Adam Fisher, a portfolio manager at Soros Fund Management, is returning to running his own firm less than two years after joining the approximately $25 billion investment firm.
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Jan 28, 2019
Thoma Bravo LLC, a private equity firm specializing in buying technology companies, has raised $12.6 billion for its latest flagship fund, the firm's managing partner, Orlando Bravo, said on Monday,...
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Jan 28, 2019
Amundi Asset Management, Europe's largest fund manager, has recommended investors restart building exposure to emerging markets and developed market credit, assets which are often considered more...
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Jan 28, 2019
Amundi Asset Management has recommended investors restart building their exposure to emerging markets and developed market credit, assets which are often considered more risky, after suffering a...
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Jan 28, 2019
Tax filing season for 2018 returns starts this week, and the most complicated changes brought about by the Tax Cut and Jobs Act are still barely comprehensible.
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Jan 25, 2019
Mark Mitchell, the co-founder of Starboard Value LP who helped turn it into one of Wall Street's most high-profile activist hedge funds, retired from the New York-based firm earlier this month,...
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Jan 25, 2019
U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off...
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Jan 24, 2019
The U.S. government's partial shutdown might be enough to tip America's economy into recession if it runs longer than another month, a former White House aide said on Thursday.
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Jan 24, 2019
PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner's board, arguing its plan to file for bankruptcy in the wake of...
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Jan 24, 2019
PG&E Corp shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner's board, arguing that the company is harming investors...
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Jan 24, 2019
(The opinions expressed here are those of the author, a columnist for Reuters)
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Jan 23, 2019
U.S. fund investors returned in force to bonds during the latest week, putting the most cash in debt markets in almost a year, Investment Company Institute (ICI) data showed on Wednesday.
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Jan 23, 2019
Barclays economists said on Wednesday they reduced their outlook on U.S. economic growth in the first quarter to an annualized rate of 2.5 percent from an earlier projection of 3.0 percent as a...
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Jan 23, 2019
With the partial U.S. government shutdown about a month old, a student showed up at the College of Southern Maryland's financial aid office with two preschool children in tow to request emergency...
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Jan 23, 2019
Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Wednesday that worries about a global recession are inflated, and pessimism expressed by political and business leaders at the...
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Jan 22, 2019
BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for "socially responsible" investments, a filing with U.S. market...
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Jan 22, 2019
Ashland Global Holdings and Cruiser Capital settled their proxy contest on Tuesday with a deal allowing the hedge fund to help select two new board members at the specialty chemicals company while...
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Jan 22, 2019
Baby boomer art collectors have a problem: Their heirs may not know the difference a $100 print from a garage sale and a $1 million paradigm of Abstract Expressionism.
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Jan 21, 2019
Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry.
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Jan 18, 2019
LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year's jump in stock market volatility that effectively...
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Jan 18, 2019
Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show.
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Jan 18, 2019
Two of America's best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co's after a Reuters investigation into the company's lucrative side-business...
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Jan 18, 2019
Government bonds suffered the biggest weekly outflows since October last year as investors plowed money into emerging market and high-yield debt, Bank of America Merrill Lynch (BAML) said on Friday.
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Jan 17, 2019
Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value...
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Jan 17, 2019
Trian Fund Management LP will not challenge PPG Industries Inc's board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund's...
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Jan 17, 2019
America just lost a true giant in investing legend and Vanguard Group founder Jack Bogle.
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Jan 17, 2019
Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double the stock price of the natural...
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Jan 17, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Jan 16, 2019
John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the...
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Jan 16, 2019
Investors sweetened on financial markets in early January and ended a 13-week retreat from U.S.-based funds, the Investment Company Institute (ICI) said on Wednesday.
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Jan 16, 2019
The Federal Reserve is likely to hold its interest rate hikes on pause for the start of 2019 in order to stabilize markets, given economic growth is set to slow and financial conditions having...
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Jan 16, 2019
My preteen daughter earned her first dollars in 2018, so I wanted to seed her retirement account. But what can you do with $100 or so?
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Jan 15, 2019
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and...
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Jan 15, 2019
Hedge fund Cruiser Capital said it plans to press on with its proxy fight at Ashland Global Holdings even after the specialty chemicals business struck a deal to refresh its board with another large...
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Jan 15, 2019
While growing up in Seattle, Enrique Rico's mom cleaned the posh homes of Microsoft employees. When Rico tagged along on sick days from school, he dreamed of having the life of a technology worker.
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Jan 15, 2019
Investors' concerns about company leverage hit a ten-year high as they continued to position against the risk of a global trade war, Tuesday's Bank of America Merrill Lynch's January fund manager...
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Jan 15, 2019
Investors' fears about company leverage hit a ten-year high, Bank of America Merrill Lynch's January fund manager survey found on Tuesday, also highlighting their continued concern about a global...
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Jan 14, 2019
Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby's Inc after the current board oversaw "alarming underperformance" at the...
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Jan 14, 2019
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jan 11, 2019
Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors opened an office in London and hired two portfolio managers as the firm seeks to make more investments outside of the United...
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Jan 11, 2019
Citigroup Inc will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist investing firm are deepening their relationship roughly a year...
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Jan 11, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Jan 11, 2019
At the Springdale Ice Cream and Beverage factory in Cincinnati, workers were coming to the human resources department with money troubles, wanting cash advances on their pay.
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Jan 11, 2019
Global investors plowed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell.
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Jan 10, 2019
Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company's chairman, a person familiar with the...
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Jan 10, 2019
Prominent investor Jeffrey Vinik is ready to manage money for outside clients again and plans to relaunch his hedge fund firm Vinik Asset Management after sitting out the last six years.
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Jan 10, 2019
Investment firm Tiger Global Management, which oversees $23 billion in assets, told investors its hedge fund gained 13.6 percent last year.
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Jan 10, 2019
How U.S. schools calculate financial aid is so confusing that there is an entire industry devoted to unlocking its secrets with books, consultants and websites.
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Jan 09, 2019
How bad was 2018 for investors? They pulled a record amount of money from stock and bond funds late in 2018 and tucked it into safe havens such as CDs, money market funds or U.S. Treasuries that...
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Jan 09, 2019
Recession models are suggesting a higher probability of a U.S. recession over the next 12 months and "flashing orange," said Joachim Fels, managing director and global economic advisor at PIMCO, on...
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Jan 08, 2019
Saba Capital's Tail Hedge Master Fund, which promises a sort of doomsday insurance through bets that perform well when markets spiral, ended 2018 with a 25 percent gain, a person familiar with the...
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Jan 08, 2019
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than...
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Jan 07, 2019
Cruiser Capital Advisors said on Monday it wants to replace four directors at chemical company Ashland Global Holdings, including the board chairman.
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Jan 07, 2019
Credit Suisse has settled a 2012 New York state lawsuit alleging misconduct over residential mortgage-backed securities (RMBS), with a source familiar with the deal saying the bank would pay much...
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Jan 06, 2019
Hedge fund giant Bridgewater Associates' flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse.
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