Reuters US Money

Two Sigma, Soros among hedge funds positioned for tech comeback

16 Aug 2022

By David Randall NEW YORK (Reuters) – Two Sigma Investments, Hudson Bay Capital Management, and Soros Fund Management were among the prominent hedge funds that added stakes in mega-cap technology companies in the last quarter, positioning themselves to potentially benefit from the recent comeback in growth stocks. Two Sigma Investments, for instance, added a new …

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Goldman, Morgan Stanley seek to end investors’ Archegos-linked lawsuits

15 Aug 2022

By Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc and Morgan Stanley urged a U.S. federal judge to dismiss seven lawsuits by investors who accused the Wall Street banks of insider trading before the March 2021 collapse of the $36 billion Archegos Capital Management LP. The proposed class actions said Goldman and Morgan …

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Italy’s Generali, UnipolSai to appeal misconduct fine

9 Aug 2022

MILAN (Reuters) -Italian insurers Generali and UnipolSai said on Tuesday they would appeal against the competition regulator’s decision to fine them 5 million euros ($5.1 million) each for unfair commercial practices. Italy’s AGCM watchdog said earlier on Tuesday the two companies behaved in a way that considerably restricted consumers’ freedom of choice over compensation for …

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Best Hacks for the Travel Apocalypse

9 Aug 2022

By Chris Taylor NEW YORK (Reuters) – Planning to squeeze some travel out of the rest of summer? Good luck – you will need it. Flight cancellations have already soared past last year’s total. Delays affected 890,000 flights in the first half of the year. Prices have shot up as pandemic-weary travelers are desperate to go anywhere. …

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General Atlantic hires Durham for tech buyouts-sources

4 Aug 2022

By David Carnevali (Reuters) – Private equity firm General Atlantic has hired veteran technology dealmaker Jonathan Durham to expand in corporate buyouts, an area in which it has done little because of its focus on growth equity investments, two people familiar with the matter said. General Atlantic sees opportunities to acquire more technology companies after …

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Retail investors perceive stocks, bonds to be more arcane than crypto – survey

4 Aug 2022

By Medha Singh (Reuters) – Retail investors find well-established stocks and bond markets to be more arcane than the wild world of cryptocurrencies, a survey by the World Economic Forum (WEF) showed on Thursday. The privately-funded WEF’s survey, in collaboration with BNY Mellon and Accenture, showed that 29% of investors said they did not understand …

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U.S. SEC addresses Wall Street ‘misconceptions’ about conflicts of interest

3 Aug 2022

By Katanga Johnson WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors. The guidance aims to spell out expectations amid industry “misconceptions,” an SEC official told reporters, …

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Asia credit investors feel the pain of China property exposure

28 Jul 2022

By Xie Yu HONG KONG (Reuters) – China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns and bringing years of gains to a juddering halt. Hong Kong-based L&R Capital’s Asia Credit Alpha Fund, a hedge fund with …

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