By Nell Mackenzie LONDON (Reuters) – Concern that hedge fund portfolios contain too many of the same trades has shot up the worry list for global investors with hedge fund exposure, a Bank of America survey shows. Over a fifth of big investors, such as pension funds and insurance companies, pointed to crowded trades as …
Crowded trades top worry list for hedge fund investors – BofA Read More »
By Andrius Sytas VILNIUS (Reuters) -Companies owned by BaltCap, the Baltics’ largest private equity fund manager, are suing a former associate they allege misappropriated 16.7 million euros ($18 million), some of which is in the hands of two casinos, a Vilnius court spokesperson said. The BaltCap companies have asked the court to order Sarunas Stepukonis …
Baltic fund sues former associate, casino operators for $18 million Read More »
By Mark Miller (Reuters) – The new year has brought some new math for anyone running their retirement planning numbers. Social Security checks are a bit higher this month, thanks to the annual cost-of-living adjustment (COLA) – but higher Medicare Part B premiums will take a bite out of the increase. Meanwhile, new protections from …
Column-Five new retirement numbers to know in 2024 Read More »
By Xie Yu HONG KONG (Reuters) – Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as warming ties between China and the Middle East continue to offer business opportunities. “(Chinese) investment management and asset management firms have been coming …
Dubai sees rising appetite from Chinese asset managers -regulator chief Read More »
By Renju Jose and Alasdair Pal SYDNEY (Reuters) -Australia’s centre-left Labor government on Thursday made changes to planned tax cuts, trimming benefits to the wealthy while giving low-income earners more breaks, in a bid to win back voters who are battling higher living costs. Under the new policy, people earning up to A$135,000 ($88,763) will …
Australia govt reshapes tax cuts to woo low-income voters, rejects inflation risks Read More »
By Chris Taylor NEW YORK (Reuters) – Despite a bullish U.S. stock market and strong economy, workers axed in mass layoffs are struggling to get back on their feet. Recent cuts include 13% of the workforce at online retailer Wayfair, 20% at toy maker Hasbro, 17% at digital music provider Spotify, and 35% at livestreaming …
Bounce back better: tips for financial resilience Read More »
By Nell Mackenzie LONDON (Reuters) – Global hedge funds turned positive on U.S. technology stocks, piling into the sector in the week ending Jan. 18 at the fastest pace in two months, a Goldman Sachs note to clients showed. U.S. tech stocks began the year unloved by hedge funds and were the most net sold …
Hedge funds U-Turn on tech; sell everything else – Goldman Read More »
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – The world’s 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with activist TCI Fund Management leading the pack, according to data published by LCH Investments on Monday. Bridgewater Associates, founded by billionaire Ray Dalio, and …
Top global hedge funds tripled gains for clients in 2023, LCH finds Read More »
By Chris Taylor NEW YORK (Reuters) – January is nearly over, which probably means your New Year’s resolutions are forgotten – or will soon be. A 2018 study of 108 million American activities by fitness app Strava found that Jan. 17 was the most likely day for resolutions to be tossed out the window. This …
By Svea Herbst-Bayliss (Reuters) – Activist investors roared back to double digit returns in 2023 after a year of losses, with a stronger equity market and savvy stock picking fueling their rebound, fund managers and their clients said. More corporate battles appear to be in store as fresh capital is ready to flow into the …
Activist investors enjoy strong rebound in ’23, gird for more proxy fights Read More »
