By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s ARK Innovation ETF tumbled near a 15-month low Wednesday, leaving the best-performing U.S. equity fund of 2020 down nearly 30% for the year to date. Nine of the 10 largest positions in the $16 billion fund fell Wednesday, with the largest declines coming …
Cathie Wood’s ARK Innovation fund falls near 15-month low ahead of Fed Read More »
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose a plan that would restrict how corporate executives trade their companies’ own stock and boost transparency. The market regulator’s trading plan rule changes would mandate that company executives disclose the existence and modifications of such agreements. The changes would also limit …
ZURICH (Reuters) – UBS will retain a significant onshore presence in India, the Swiss bank said on Wednesday after Bloomberg reported that it planned to move investment banking advisory services out of the country. “We remain committed to our business in India and retain a significant presence onshore and in the region,” UBS said in …
UBS says it remains committed to India as advisory services move Read More »
(Reuters) – Insured losses from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month could amount up to $5 billion, industry experts said on Tuesday. Catastrophe modeling firm Karen Clark & Company said it expects insured losses of about $3 billion from tornadoes that tore …
Deadly U.S. tornadoes to cost insurers up to $5 billion Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Centene Corp reached a deal with activist investment firm Politan Capital Management in which five new directors will join the managed care company’s board and its chief executive will retire in 2022 after serving for a quarter of a century. Six board members will be leaving and Michael Neidorff, 77, …
Centene settles with activist Politan, overhauls board, CEO to exit Read More »
By Chibuike Oguh and Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group has bought a minority stake in Nautic Partners, a middle-market private equity firm that invests mainly in healthcare, industrials and services companies, two sources familiar with the matter told Reuters. One of the world’s biggest private equity firms, Blackstone bought the stake through …
Blackstone takes stake in private equity firm Nautic Partners -sources Read More »
(Reuters) – U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron variant, with Jefferies Financial Group last week reversing course due to a COVID-19 outbreak among employees. Most major U.S. banks have …
Factbox-U.S. banks tighten COVID-19 precautions as Omicron variant spreads Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investment firm Land & Buildings Investment Management is seeking a seat on the board of American Campus Communities (ACC), according to an open letter to shareholders, and believes the company needs to sell assets aggressively and buy back stock. Land & Buildings, which generally pushes for changes at real-estate …
Activist Land & Buildings to seek seat on American Campus Communities board Read More »
