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Sep 17, 2019
Financial services firm Raymond James & Associates, a unit of Raymond James Financial Inc , has agreed to pay $15 million to settle charges it improperly charged advisory fees on inactive retail...
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Sep 17, 2019
Fund managers have not piled into so-called value stocks, which have been shunned during the decade-long technology-led boom, even as shares in beaten-down companies have rallied over the past week,...
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Sep 17, 2019
The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance.
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Sep 16, 2019
Two Prudential subsidiaries have agreed to pay nearly $33 million to settle charges they failed to disclose conflicts of interest and made misleading disclosures regarding 94 insurance-dedicated...
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Sep 16, 2019
The top U.S. securities regulator on Monday said it had charged AST Investment Services Inc. and PGIM Investments LLC, subsidiaries of Prudential, for failing to disclose conflicts of interest and...
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Sep 16, 2019
Morgan Stanley ranked as the top financial adviser in activist campaigns during the first six months of 2019 while Goldman Sachs and Spotlight Advisors each added clients and tied for second place,...
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Sep 12, 2019
Billionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people...
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Sep 12, 2019
Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking...
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Sep 12, 2019
Record heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel...
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Sep 12, 2019
Woodford Patient Capital Trust, the listed trust run by under-fire money manager Neil Woodford, said its administrator Link Fund Solutions would cut the valuation of its stake in another of the...
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Sep 12, 2019
Woodford Capital Patient Trust, the listed trust run by under-fire money manager Neil Woodford, said its authorized corporate director Link Fund Solutions would cut the valuation of its stake in one...
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Sep 11, 2019
U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world.
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Sep 09, 2019
Magic realism is a literary genre in which narrative is shot through with surreal, dreamlike, seemingly impossible moments.
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Sep 04, 2019
Driver Management Company LLC, an activist investor focused on U.S. banks, renewed calls on Wednesday for First United Corp , the holding company for Maryland community bank First United Bank &...
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Sep 03, 2019
Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to "qualified institutional buyers," the companies said on Tuesday, in a move...
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Sep 03, 2019
Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said.
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Sep 03, 2019
Two years of higher-than-expected losses from natural catastrophes are likely to prompt average reinsurance rate renewal rises of up to 5% in January, ratings agencies said.
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Sep 02, 2019
Group assets under custody or management at Swiss private bank and asset manager Pictet rose nearly 10% in the first half versus the end of 2018, it said on Monday.
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Sep 01, 2019
Two reinsurance firms backed by prominent hedge funds are considered good investments as their share price performance has yet to benefit from the sector's improved pricing outlook, according to...
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Aug 30, 2019
Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin' Brands Inc , returning for the second time in nearly two years to push for fresh changes...
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Aug 30, 2019
Bank of America Merrill Lynch said on Friday its market sentiment indicator has fallen to a level so bearish it has triggered a "contrarian" buy signal for assets considered more risky, such as...
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Aug 29, 2019
The U.S. government on Thursday charged the founder of reverse mortgage provider Live Well Financial Inc with engineering a $140 million fraud by inflating the value of its bonds, in what he called a...
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Aug 29, 2019
The U.S. government on Thursday charged the founder of reverse mortgage provider Live Well Financial Inc with engineering a $140 million fraud by inflating the value of its bonds, in what he called a...
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Aug 29, 2019
UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of...
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Aug 29, 2019
Switzerland's biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.
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Aug 29, 2019
The world's largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset management executives.
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Aug 29, 2019
The world's largest wealth manager UBS on Thursday appointed former Credit Suisse executive Iqbal Khan to co-lead its flagship business, replacing Martin Blessing.
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Aug 28, 2019
Swiss bank UBS will appoint former Credit Suisse banker Iqbal Khan as head of its wealth management business, Swiss newspaper TagesAnzeiger reported on Wednesday, citing unnamed UBS sources.
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Aug 28, 2019
U.S. money market fund assets fell this week, retreating from their highest level since October 2009, suggesting a pause in investors piling into these low-risk products amid trade and economic...
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Aug 27, 2019
Three names dominate the U.S. world of bond investing - Jeffrey Gundlach, Dan Ivascyn and Scott Minerd. But funds run by these star investors are lagging their respective benchmarks this year.
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Aug 26, 2019
Credit Suisse said on Monday it would invest hundreds of millions of francs in digital services and other parts of its Swiss division by the end of 2021 and said it no longer needed a bigger branch...
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Aug 26, 2019
Credit Suisse will invest hundreds of millions of francs in its Swiss division by the end of 2021, the country's second-biggest bank said on Monday, as it creates a new business area, Direct...
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Aug 26, 2019
Credit Suisse will invest hundreds of millions of francs in its Swiss division by the end of 2021, the country's second-biggest bank said on Monday, as it creates a new business area, Direct...
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Aug 23, 2019
U.S. interest rates futures rallied on Friday as rising trade tensions between China and the United States revived bets the Federal Reserve may lower key borrowing costs by a bold half-point next...
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Aug 23, 2019
U.S. interest rates futures rose on Friday as Federal Reserve Chair Jerome Powell said the central bank will do what it can to preserve the longest U.S. economic expansion on record, supporting bets...
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Aug 23, 2019
U.S. interest rates futures rose on Friday, erasing their earlier losses after China announced retaliatory tariffs on about $75 billion of U.S. imports, rekindling bets the trade war between the...
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Aug 23, 2019
U.S. interest rates futures declined on Friday for a third straight day ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell, which traders will scour for clues on whether the...
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Aug 23, 2019
With banks' bond trading desks increasingly going electronic, another of the last bastions of old-school banking - the business of helping companies and countries raise capital - may be about to...
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Aug 22, 2019
The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to...
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Aug 22, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Aug 22, 2019
Sovereign wealth funds' distaste for equities mostly faded in the second quarter, with some investors turning to emerging- market passive equity funds, data from the research firm eVestment showed on...
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Aug 21, 2019
U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a...
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Aug 21, 2019
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Aug 20, 2019
The Federal Reserve has fallen behind the interest rate curve and has lost control, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday, evidenced by the federal funds rate...
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Aug 20, 2019
Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the...
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Aug 16, 2019
Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt.
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Aug 15, 2019
Canadian property and casualty insurer Intact Financial Corp said on Thursday it agreed to buy The Guarantee Co of North America and Frank Cowan Co for C$1 billion ($750.6 million) in cash from...
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Aug 13, 2019
Big companies are increasing incorporating virtual technology and care options into employee benefit plans to combat the rising healthcare costs that long been corporate America's bugaboo, according...
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Aug 13, 2019
U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street,...
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Aug 13, 2019
Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a...
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Aug 12, 2019
U.S. Treasury yields fell on Monday, in line with the weak stock market, as trade worries and global political tensions in places such as Hong Kong and Argentina supported safe-haven assets.
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Aug 09, 2019
U.S. Treasury yields rose on Friday amid confusion over the United States policy on trade with China, while political turmoil in Italy compounded investor concerns, capping a volatile week in the...
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Aug 09, 2019
Traders and analysts are considering whether U.S. bond yields would fall below zero as a record amount around the world sank into negative territory this week.
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Aug 09, 2019
Precious metal funds recorded the fourth-largest inflows ever in the week to Wednesday and investment-grade funds sucked in money, Bank of America Merrill Lynch said on Friday, as rising trade...
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Aug 09, 2019
Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors embrace other products addressing a wide range of issues like environmental and governance...
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Aug 08, 2019
U.S.-based high-yield junk bond funds posted more than $4 billion of outflows in the week ended Wednesday, the largest weekly cash withdrawals since October 2018, according to Refinitiv's Lipper...
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Aug 08, 2019
The amount of bonds carrying negative yields increased to an all-time peak of $13.2 trillion on Wednesday, up $1.6 trillion or 13.4% from a month earlier in the wake of a dramatic rally in bond...
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Aug 08, 2019
Last week's announcement of more U.S. tariffs on Chinese goods may have undermined the prospects for small-cap stocks to rebound this year, even after a brief respite from the Federal Reserve's...
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Aug 08, 2019
Fidelity Investments' money-market fund assets have climbed $116 billion, or 20%, over the past 12 months as investors embrace higher yields for their idle cash, research firm Crane Data said on...
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Aug 07, 2019
Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm's founder, John Lykouretzos, told investors in a letter on Wednesday.
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Aug 07, 2019
Canada's largest insurer insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by strength in Asia unit, its biggest.
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Aug 07, 2019
Canada's largest insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by growth in its domestic and U.S. business.
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Aug 07, 2019
Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm's founder, John Lykouretzos, told investors in a letter on Wednesday.
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Aug 07, 2019
U.S. money market fund assets jumped to their highest level since 2009 as investors unnerved by the rapid deterioration in trade talks between China and the United States piled into these cash-like...
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Aug 07, 2019
When stocks are volatile, conventional wisdom says to stay the course. But what if you have tuition due or a pending home purchase and you just really need to cash out?
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Aug 07, 2019
Big U.S. banks are under pressure again, as policymakers around the globe have dashed any hopes that the industry might finally be able to earn more money on loans, after more than a decade of...
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Aug 07, 2019
Investors may have to grapple with the possibility of the once-unthinkable becoming reality - negative U.S. Treasury bond yields, according to money manager Pacific Investment Management Co (PIMCO).
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Aug 07, 2019
Investor Jeffrey Tarrant, whose firm Protege Partners backed billionaire managers including William Ackman and Marc Lasry early in their careers and made a bet with Warren Buffett that hedge funds...
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Aug 06, 2019
UBS Group will halve to 500,000 euros ($559,900) its threshold for charging a 0.6% deposit fee on euro accounts at its Swiss banking unit, Switzerland's largest lender said on Tuesday.
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Aug 05, 2019
British lender Glenhawk on Monday named Peter Turner business development manager.
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Aug 05, 2019
Citigroup Inc on Monday named Raymond Gatcliffe as head of commercial banking for Europe, the Middle East and Africa (EMEA).
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Aug 02, 2019
JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger...
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Aug 02, 2019
Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump's newly proposed 10% tariff on Chinese imports from Sept. 1, analysts from Bank of America Merrill Lynch said on...
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Aug 01, 2019
With the U.S. Congress poised to pass a bill allowing annuities to be offered in mainstream 401(k) plans, Americans soon will be asking a lot of questions about these financial products that provide...
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Jul 31, 2019
Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds and exchange-traded funds that hold...
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Jul 31, 2019
UBS Group will impose from November a negative interest rate of 0.75% on wealthy clients who deposit more than 2 million Swiss francs ($2.02 million) with its Swiss bank, it said on Wednesday, citing...
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Jul 31, 2019
A decision by the Federal Reserve to cut interest rates may do little at this point to cut some of the costs that matter to many U.S. consumers.
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Jul 31, 2019
BlackRock Inc, the world's largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic credit fund, Global Credit Opportunities, reflecting investor...
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Jul 31, 2019
British hedge fund manager Man Group said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher.
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Jul 31, 2019
British hedge fund manager Man Group on Wednesday reported a 5% increase in assets under management in the first half, boosted by performance in its computer-driven strategies, even as the company...
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Jul 31, 2019
British hedge fund manager Man Group on Wednesday reported a 5% increase to its assets under management in the first half of 2019, even as it saw an increased outflow of client cash.
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Jul 31, 2019
British wealth manager St. James's Place said on Wednesday that weaker client sentiment weighed on inflows of new money in the first half of the year while costs rose, leading it to miss forecasts...
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Jul 30, 2019
Even if the Federal Reserve this week goes ahead and cuts benchmark interest rates for the first time in more than a decade - as it is widely expected to do - U.S. money market strains will remain,...
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Jul 30, 2019
Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds be more transparent about their...
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Jul 29, 2019
Columbia Threadneedle Investments, the asset management arm of Ameriprise Financial Inc, on Monday named Stuart Jarvis senior research director, to strengthen its global investments solutions team.
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Jul 29, 2019
Asset and corporate services firm Sanne Group on Monday named Milivoje Jakimov as country head of its Belgrade business.
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Jul 29, 2019
Investment manager Invesco Ltd on Monday appointed Ali Zouiten and Derek Steeden to two newly created roles in its Invesco Investment Solutions team in London.
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Jul 29, 2019
A new breed of digital brokers is taking on the handful of Brazilian lenders such as Itau Unibanco Holding SA and Banco Bradesco SA that long had a lock on retail investors seeking a one-stop shop...
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Jul 26, 2019
Switzerland's supreme court on Friday voted in favor of handing over historical data on over 40,000 UBS clients to French authorities in a landmark ruling.
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Jul 25, 2019
Warren Buffett's Berkshire Hathaway has raised its stake in Bank of America Corp , the company said in a regulatory filing on Thursday.
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Jul 25, 2019
U.S.-based equity funds posted more than $8.4 billion of cash withdrawals in the week ended Wednesday, following two weeks of inflows, according to Refinitiv's Lipper.
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Jul 25, 2019
Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum Corp shareholders to ask management to let them weigh in on board and governance issues as the company...
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Jul 25, 2019
Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum shareholders to ask management to let them weigh in on board and governance issues as it buys rival...
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Jul 25, 2019
Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum shareholders to ask management to let them weigh in on board and governance issues as it buys rival...
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Jul 24, 2019
Non-residents have pulled about $1.5 billion from Indian equities so far in July, reversing a strong trend of inflows in previous months, data from the Institute of International Finance showed on...
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Jul 24, 2019
Wells Fargo & Co said on Wednesday Julia Wellborn will become the head of Private Wealth Management, ending a months-long search for a leader following the retirement of Jay Welker last year.
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Jul 24, 2019
Investors edged into the U.S. stock market last week, as the benchmark S&P 500 index hovered near record highs, by adding $1.1 billion into mutual funds and exchange-traded funds that hold domestic...
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Jul 24, 2019
Buying a grill can be a burning issue for barbecue aficionados.
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Jul 23, 2019
U.S. companies' borrowing to spend on capital investments rose 9% in June from a year earlier, the Equipment Leasing and Finance Association (ELFA) said.
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Jul 23, 2019
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