(Reuters) – Bill Ackman’s hedge fund Pershing Square Capital Management has covered its bond short position, the billionaire investor posted on Monday, saying it was too risky to remain short bonds at current long-term rates. Ackman said in August that his hedge fund had placed a bet against U.S. 30-year Treasuries, calling it both a …
Billionaire investor Ackman says ‘covered our bond short’ Read More »
(Reuters) – Goldman Sachs Asset Management has raised $4 billion for a new fund to invest in infrastructure assets globally, including energy transition, transport and logistics, the company said on Monday. The fund, called West Street Infrastructure Partners IV, closed in line with its target and was backed by institutional investors, wealthy clients and bank …
Goldman Sachs Asset Management raises $4 billion for infrastructure deals Read More »
By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Buyout group Permira is planning to move stakes in British wealth manager Evelyn Partners and South African data centre group Teraco Data Environments into a new fund, giving investors a chance to cash out, two people familiar with the matter told Reuters. The move to …
Exclusive-Permira shifting Evelyn, Teraco stakes into continuation fund -sources Read More »
(Reuters) – BofA Global Research said on Friday it now expects the U.S. Federal Reserve to deliver a 25-basis-point rate hike in December instead of November. Economists at the brokerage believe that recent comments from policymakers at the central bank suggest “they will opt for one last hike in December”. (Reporting by Roshan Abraham in …
BofA pushes out final Fed rate hike expectation to December Read More »
NEW YORK (Reuters) – Hedge funds bought U.S. stocks in all sectors last week, but mainly in financials, Bank of America said in a report on Tuesday. Hedge funds bought over $300 million in shares in the financial sector last week, when Wall Street’s biggest banks started releasing third-quarter earnings. On Friday, shares in JPMorgan …
Hedge funds pile into banks ahead of earnings – BofA Read More »
By Nell Mackenzie LONDON (Reuters) – Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, as these stocks, viewed as a proxy for bonds, could not match the recent surge in U.S. Treasury yields. Hedge fund short bets in consumer …
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo beat analysts’ third-quarter profit estimates and raised its annual forecast for income from interest payments on Friday, as customers paid more to borrow. The fourth-biggest U.S. bank now expects 2023 net interest income (NII) – the difference between what it earns on loans …
Wells Fargo lifts interest income forecast as profit exceeds estimates Read More »
By Nivedita Balu TORONTO (Reuters) – Bank of Nova Scotia and Sun Life Financial’s asset-management division are partnering to tap into the demand from wealthy Canadians looking to invest in private credit, the firms said on Tuesday. As part of the agreement, Scotiabank’s high-net-worth clients will be able to tap into alternative investments in private …
Scotiabank, Sun Life partner to help wealthy Canadians invest in private credit Read More »
By Chris Taylor When you think of those most likely to get scammed online, what kind of person comes to mind? You might automatically think of Baby Boomers, many of whom are above 60 and are typically not as tech-savvy as younger generations. But that stereotype is wrong. Members of Generation Z are more than …
These tips can help Gen Z avoid online financial scams Read More »
By Howard Schneider WASHINGTON (Reuters) – The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise again despite some thought that the tight job market and hefty wage gains spawned by the crisis might narrow the gulf between rich and poor. Recent data from the Federal …
US wealth, income concentration resume upward climb in post-pandemic era Read More »
