By Svea Herbst-Bayliss NEW YORK (Reuters) -Wells Fargo has hired a senior banker from Citigroup to lead its activism defense practice, as corporations scramble to build out business units to help clients facing pressure from activist investors. The bank confirmed to Reuters that it is bringing on Muir Paterson as a managing director and head …
Exclusive-Wells Fargo hires Paterson from Citi for activism defense Read More »
(Reuters) -Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, the Financial Times reported on Monday, citing people familiar with the discussions. The company is working with Goldman Sachs’ Petershill Partners to identify potential buyers for a 10% …
Hedge fund Millennium valued at $14 billion in minority stake sale talks, FT reports Read More »
NEW YORK (Reuters) -Money manager Thrivent opened a digital bank on Sunday, aiming to attract young people as part of a nationwide push, the company said on Monday. “For over 120 years, Thrivent has provided purpose-based advice and now we’re expanding in banking to grow and serve even more people,” Thrivent CEO Terry Rasmussen said …
Money manager Thrivent opens digital bank to attract younger retail clients Read More »
By Nell Mackenzie LONDON (Reuters) – Activist hedge fund Saba Capital Management has reached a restructuring deal with another of the UK investment trusts it has targeted in a longstanding campaign to achieve higher returns. Saba said on Wednesday it had agreed with CQS Natural Resources Growth & Income that the investment trust will offer …
Hedge fund Saba reaches agreement with another investment trust target Read More »
MILAN (Reuters) -CEO Alberto Nagel plans to present Mediobanca’s bid for the private bank Banca Generali to a group of Italian investors on June 4, a source with knowledge of the matter said on Tuesday, ahead of a shareholders’ meeting slated for mid-June to vote on the deal. Mediobanca said last monthit planned to acquireBanca …
Mediobanca CEO to pitch Banca Generali bid to Italian investors on June 4 Read More »
By Lauren Young NEW YORK – This was originally published in the On The Money newsletter, where we share U.S. personal finance tips and insights every other week. Sign up here to receive it for free. My social media feeds are filled with Class of 2025 college graduation photos, so I figured this would be …
By Anton Bridge TOKYO (Reuters) -Japan’s biggest investment bank and brokerage Nomura Holdings recorded a 27% rise in fourth-quarter net profit to hit its highest ever full-year profit as revenue grew in each of its business segments over the year. The results are for the period up to the end of March and do not …
Japan’s Nomura can ride choppy market, CFO says after bank posts record annual profit Read More »
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Investors are fearful of a deep hit to asset prices if U.S. President Donald Trump attempts to fire Federal Reserve Chair Jerome Powell, undermining confidence in the central bank’s ability to fight inflation and act independently. That could hurt the already bruised dollar, under-pressure equities and …
Analysis-Investors fear Trump’s attacks on Powell will pile on pain Read More »
By Iain Withers LONDON (Reuters) -London-listed hedge fund Man Group said on Thursday that its assets under management fell by about $5.6 billion in the two weeks to April 14, in trading dominated by the fallout from U.S. President Donald Trump’s barrage of trade tariffs. Man Group said its assets stood at an estimated $167 …
Hedge fund Man Group’s assets dip by nearly $6 billion during Trump tariff turmoil Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Greenlight Capital gained 8.2% in the first three months of 2025, buoyed by a bet on gold that it said should pay off further as it expects Trump administration policies to continue roiling financial markets. Greenlight founder David Einhorn told investors in a letter seen by Reuters …
Einhorn’s Greenlight gained 8.2% in Q1, remains bullish on gold Read More »
