News views

18.04.2019

UBS Wealth closes U.S. equity overweight, favors emerging stocks

UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday.
More
18.04.2019

Collapsed hedge fund Columna sues Permira-backed former managers

The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost...
More
18.04.2019

Exclusive: Advent readies new $2.2 billion Latam private equity fund - sources

U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters.
More
17.04.2019

Norway's wealth fund extends ownership of New York real estate

Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
More
17.04.2019

Bridgewater warns of peak U.S. profit margins, lower stock prices

The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest...
More
16.04.2019

Corvex's Meister likes Diamondback Energy after it bought Energen

Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.
More
16.04.2019

Starboard takes new position in KAR Auction Services

Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday.
More
16.04.2019

Short European stocks still 'most crowded trade,' BAML survey shows

Short positioning on European equities was the "most crowded trade" for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found.
More
12.04.2019

Meditate to the tax finish line

Stressed out by the tax deadline on April 15?
More
12.04.2019

How to create connections at work in the age of isolation

If an overflowing inbox is killing your productivity at the office, you are not alone.
More
12.04.2019

Australian wealth manager IOOF hit with class-action lawsuit

Australia's embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached stock market disclosure...
More
12.04.2019

Bank of America Merrill Lynch names new country executives for Japan, Australia: memo

Bank of America Merrill Lynch appointed Joseph Fayyad and Tamao Sasada as country executives of Australia and Japan, respectively, an internal memo seen by Reuters said.
More
11.04.2019

U.S.-based investment-grade bond funds extend 2019's weekly inflow streak

Investors put money to work in corporate credit markets in the latest week, with U.S.-based investment-grade corporate bond funds attracting about $3.47 billion in the week ended on Wednesday, the...
More
11.04.2019

How to say the 'R-word': bank executives grapple with recession talk

Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their...
More
11.04.2019

Credit Suisse names Sommerhalder to lead Asia trading solutions business

Credit Suisse Group AG on Thursday named veteran banker Yves-Alain Sommerhalder as head of its newly-created Asia Pacific trading solutions business, which seeks to use market expertise to sell...
More
11.04.2019

Your Money: Cash is king with millennials, but delays adulting

Cash is king with young people, but it is not helping them build a credit history or boost their credit scores.
More
10.04.2019

Investors stage largest two-week retreat from U.S. stocks since July

Investors pulled nearly net $7.5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, capping the largest two-week retreat from the domestic stock market since July...
More
10.04.2019

Morgan Stanley to become top shareholder in China funds venture with stake increase

Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the top shareholder of Morgan Stanley Huaxin Fund...
More
10.04.2019

Investor activists will campaign against Sturm Ruger directors

Investor activists said on Monday they will campaign to unseat two directors at gunmaker Sturm Ruger & Co, citing what they called its resistance to their concerns after shareholders won a battle...
More
09.04.2019

Several Deutsche Bank exchange-traded-notes to cease trading Thursday

A dozen of Deutsche Bank's exchange-traded notes that provide exposure to oil, metals and other commodities are set to stop trading on Thursday, according to a recent filing by the bank.
More