Reuters US Money

Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says

By Carolina Mandl NEW YORK (Reuters) -Hedge funds unwound positions in single stocks on Friday at the largest amount in over two years, with some activity comparable to March 2020, when portfolio managers cut market exposure during the pandemic, Goldman Sachs said in a note on Monday. U.S. major stock indexes plummeted on Monday, with …

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Wells Fargo sues JPMorgan over troubled $481 million real estate loan

By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind …

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Hedge funds give up half of 2025 gains in ‘challenging’ markets, says Goldman Sachs

By Nell Mackenzie LONDON (Reuters) -Hedge fund stock pickers and multi-strategy funds gave up around half their average yearly gains in Thursday’s tech-driven equity selloff, a note by Goldman Sachs showed.  Wall Street shares have been hit this week by a darkening U.S. economic outlook uncertainty over President Donald Trump’s tariff policies, with the Nasdaq …

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Hedge fund Rokos Capital Management returns 0.57% for the year so far, says source

By Nell Mackenzie LONDON (Reuters) – Hedge fund Rokos Capital Management’s return on investment was down 0.29% during February to the 21st but was up 0.57% for 2025 so far, said a source with knowledge of the matter on Friday. Volatility in financial markets helped the performance of global hedge funds in 2024, lifting returns …

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Investors seek to switch hedge funds, citing risk, performance and size, says IG Prime

By Nell Mackenzie LONDON (Reuters) -Roughly a quarter of investors surveyed by IG Prime are looking to change which hedge funds invest their money, citing reasons including riskiness, poor performance and size, the prime brokerage firm said in a report on Thursday. Volatility in financial markets helped the performance of global hedge funds in 2024, …

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UAE’s FAB prepares overhaul, picks Citi veteran as new investment banking head, sources say

By Federico Maccioni DUBAI (Reuters) -First Abu Dhabi Bank (FAB) is planning to split its operations into four new divisions in a bid to strengthen its business in the Gulf and boost shareholder returns, two sources familiar with the matter said. As part of the reorganisation, FAB is set to hire Citi dealmaking veteran Linos …

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Welltower to acquire Amica Senior Lifestyles portfolio for $3.2 billion

(Corrects story identifier and corrects deal value in headline to $3.2 billion) (Reuters) – Real estate income trust Welltower said on Sunday it will acquire Canada-based senior living company Amica Senior Lifestyles’ portfolio from the Ontario Teachers’ Pension Plan for C$4.6 billion ($3.18 billion). ($1 = 1.4448 Canadian dollars) (This story has been corrected to …

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Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses

(Reuters) – Indonesia Investment Authority (INA), the country’s first sovereign wealth fund, and the Development Bank of Japan (DBJ) have launched a hybrid fund to provide financing for medium-sized businesses in Indonesia. The fund will focus on senior secured investments, offering tailored financing solutions to mid and upper-market corporates while providing resources for businesses to …

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Franklin Templeton beats quarterly profit estimates as investment management fees rise

(Reuters) – Investment manager Franklin Resources, better known as Franklin Templeton, beat Wall Street estimates for first-quarter profit on Friday as a rallying equities market boosted investment management fees. WHY IT’S IMPORTANT The company’s Western Asset Management unit, which chiefly manages fixed income portfolios, is under investigations by the U.S. Securities and Exchange Commission and …

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