Reuters US Money

By David Randall NEW YORK (Reuters) – Hedge fund manager Michael Burry, known for his prescient calls ahead of the 2008 U.S. housing market crash, picked up shares of Warner Brothers Discovery in the fourth quarter of 2023 while closing out a put option position on semiconductor stocks, securities filings released on Wednesday showed. Burry’s …

Burry’s Scion bets on Warner Brother Discovery, restaurant firms – filings Read More »

By Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) – Wall Street banks are raising billions of dollars to regain ground in lending to companies in debt-backed deals after giant private equity and asset management firms muscled in on the business over the last two years. U.S. banks reduced lending to lower-quality corporate borrowers in …

Analysis-US banks, private equity firms compete to finance debt-backed deals Read More »

By Svea Herbst-Bayliss (Reuters) – Hedge fund manager Daniel Loeb’s firm Third Point will invest in private credit this year as it bets on positive conditions for both credit and equity markets in 2024. “We will be adding private credit as a complement to our existing strategies and expect to begin investing in this new …

Loeb’s Third Point to delve into private credit investing as a ‘complement’ Read More »

By Chris Taylor NEW YORK (Reuters) – If you have a different money style than your partner – well, you are certainly not alone. In fact, more often than not, we end up partnered with someone who has a contrasting approach to money. That is according to Scott Rick, an associate professor at the University …

You, Me and Our Money: A Valentine’s survival guide Read More »

PARIS (Reuters) – Blackstone, the world’s largest private equity firm, is partnering with BNP Paribas over a new fund financed by French individuals and aimed at investing in companies in private debt, the groups said in a joint statement on Tuesday. The private credit market has gained prominence as an alternative source of financing for …

Blackstone, BNP Paribas team up over private debt fund for retail investors Read More »

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Sovereign debt sales from developing nations scaled an all-time record for January at $47 billion led by major and less risky emerging markets but a lack of investor flows into dedicated funds could curtail a nascent recovery for riskier issuers. The start of the year – …

Analysis-Emerging market debt sales hit January record despite elusive flows Read More »

By Nell Mackenzie LONDON (Reuters) -Investors withdrew over $100 billion from hedge funds last year in a second consecutive year of outflows of this scale, according to a Nasdaq eVestment report on Tuesday, against a backdrop of volatile markets and changing investor preferences. In December alone, investors removed roughly $26 billion from hedge funds, the …

Investors yank over $100 billion from hedge funds in 2023 – Nasdaq eVestment Read More »

By Chris Taylor NEW YORK (Reuters) – If you are a proud parent whose child has grown up and gone off to college, congratulations! Now stop reading this and call your auto insurer. Ask what major discounts you qualify for with your kid away for most of the year. Catherine Valega, a Boston financial planner …

Kids in college? Here is how to save on car insurance Read More »