Reuters US Money

By Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund missed its return target for the year to June and its chairman warned on Wednesday that markets were downplaying the risks from China’s economic slowdown and rising inflation. Peter Costello, head of the A$206 billion ($133 billion) Future Fund, said that China’s “housing investment and …

Australia’s sovereign fund misses return target, says outlook choppy Read More »

By Scott Murdoch and Hyunsu Yim Sydney (Reuters) -South Korea’s LG Energy Solution is aiming to raise about $1 billion from the sale of two, dollar-denominated green bonds, according to two sources with direct knowledge of the matter. The sources could not be identified as the information was not yet made public. “No specifics have …

S.Korea’s LG Energy Solution aims to raise about $1 billion in green bonds – sources Read More »

By Abigail Summerville NEW YORK (Reuters) – Private equity firm PAI Partners said on Thursday it agreed to buy Alphia Inc from its owner J.H. Whitney Capital Partners, in a deal that people familiar with the matter said values the pet food manufacturer at about $1 billion, including debt. Denver, Colorado-based Alphia was formed out of …

Private equity firm PAI Partners to buy pet food maker Alphia Read More »

By Ross Kerber and Isla Binnie (Reuters) – Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poor crafting of the measures by filers. With $9.4 trillion under management, BlackRock’s votes have become key to many …

BlackRock continues lowering support for environmental and social proposals Read More »

By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultra-rich and away from high-net-worth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser (RIA) unit, …

Goldman Sachs weighs selling part of wealth business in broad strategy revamp Read More »

By David Randall NEW YORK (Reuters) – The sharp increase in investor equity allocations to U.S. stocks since the start of the year still has room to expand before breaching historical norms, suggesting that there may be more fuel left for the bull market, Goldman Sachs said. The net leverage exposure to equities by hedge …

Goldman Sachs sees room for investors to grow more bullish on US stocks Read More »

(Reuters) – The S&P 500 will likely struggle to make more headway after rallying almost 14% so far this year as investors start to question the sustainability of the U.S. economy’s resilience, Morgan Stanley equity strategists said. One reason is that a “sell-the news” mentality has taken hold following second-quarter earnings, potentially slowing price momentum, …

U.S. stocks may start to question economic resilience, says Morgan Stanley Read More »

NEW YORK/LONDON (Reuters) – Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month, as enthusiasm for artificial intelligence has driven up valuations for growth stocks, JPMorgan Chase said in a report released on Wednesday. The bank, which compiles data from its hedge fund clients to show aggregated positioning, …

Hedge funds slow value exodus as AI hype drives up growth stocks Read More »

By Chris Taylor NEW YORK (Reuters) – Maybe Dorothy, Blanche, Rose and Sophia had it right all along. We remember the stars from the 1980s television series “The Golden Girls” for their wit and quick comebacks, but also for their unique home arrangement: Living (and eventually owning) with each other, without spouses or significant others. …

The Golden Girls approach: Buying homes together amid high prices Read More »