By Hadeel Al Sayegh and Anousha Sakoui RIYADH/LONDON (Reuters) – A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding for buyouts has dried up elsewhere. While the Gulf had previously been a place where …
Private equity rushes to Gulf as fundraising dries up Read More »
By Mark Miller (Reuters) – Many people on Medicare look the other way when the program’s annual enrollment period rolls around, preferring simply to ignore the hassle. But for thousands of seniors in San Diego, California, Medicare enrollment this year has become a confusing scramble to find new insurance – or new health providers. Scripps …
Column-California healthcare provider’s move shows pitfalls of Medicare Advantage Read More »
By Chris Taylor NEW YORK (Reuters) – Generation X is often referred to as the “Forgotten Generation,” eclipsed by bigger demographics like Baby Boomers and Millennials. But here is something that is not forgotten: Their student debt. Just ask Debbie Irk. The rehab counselor from South Bend, Indiana, got an associate degree from the University …
Five tips for Gen Xers feeling squeezed by student debt Read More »
By Nell Mackenzie LONDON (Reuters) – The hedge fund industry saw a net $80 billion of outflows for the year to Oct. 18, even as it raked in net profits of about $119 billion, hedge fund specialist Aurum Funds said in a report on Wednesday, as investors looked for higher returns elsewhere. Multi-strategy hedge funds …
Hedge fund investors pull $80 billion from industry in 2023 – Aurum Read More »
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management, one of Britain’s best known hedge funds, will shut, it said on Tuesday in a statement on its website, less than six months after its founder faced fresh allegations of misconduct. Crispin Odey, 64, was ousted in June from Odey Asset Management (OAM), which he founded in …
Odey Asset Management to close – website statement Read More »
By Carolina Mandl NEW YORK (Reuters) -U.S. equity long/short hedge funds have cut to six year lows the level at which swings in the S&P 500 affect their profits or losses, as portfolio managers are taking less directional bets, data from hedge fund research firm PivotalPath showed. Hedge funds are increasingly adopting a more defensive …
Equity hedge funds cut risk in portfolios, less confidence in rallies Read More »
(Reuters) – Sunlight Financial, which provides financing for home solar systems, said late on Monday it has filed for Chapter 11 bankruptcy and that it will be sold to a consortium of investors in the solar energy industry. The consortium, which includes an affiliate of Greenbacker Capital Management, Sunstone Credit, IGS Ventures, and its secured …
Sunlight Financial files for bankruptcy, reaches deal to sell itself Read More »
SINGAPORE (Reuters) – U.S. private equity firm KKR has signed an agreement to invest $400 million in Malaysian subsea telecommunications cable services provider OMS Group, the companies said in a joint statement on Monday. Additional details of the transaction were not disclosed in the statement. The deal marks KKR’s latest investment in Southeast Asia digital …
KKR to invest $400 million in Malaysia subsea telco cable services firm Read More »
By Carolina Mandl NEW YORK (Reuters) -Hedge funds have been buying consumer staple stocks in Europe in October while dumping the sector in the U.S., driven by concerns about the impact of weight-loss drugs on food habits, Goldman Sachs showed in two different reports about trading flows. The bank said investors have added consumer staples …
Weight-loss drugs driving hedge fund consumer stock flows -Goldman Sachs Read More »
By Chris Taylor NEW YORK (Reuters) – We all have questions about money, but here is one you may not have thought about: What are you afraid of? The answer could be any number of things. The fear of not earning enough. The fear of getting fired. The fear of making a big investment mistake. …
