Money News

  • Hedge fund manager Eric Mindich shuts down Eton Park

    BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Now the fund is being shut down, becoming the year's most prominent casualty in an increasingly tough trading and fund raising environment.

  • How Thrivent hopes to grow beyond its base of religious investors

    NEW YORK (Reuters) - Little-known Thrivent Financial, a Minneapolis-based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry.

  • After Trump rally, equity investors move into healthcare, retailers

    NEW YORK (Reuters) - High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they say offer a greater chance for outsized gains.

  • Emerging markets land top of managers' portfolios with rising rates

    NEW YORK (Reuters) - Rising short-term interest rates in the United States are prompting Lipper Award-winning bond fund managers to add emerging-market debt and non-agency backed residential mortgages that they say offer more potential for gains in the year ahead.

  • For Goldman Sachs, a rare pass from shareholder resolutions

    NEW YORK/BOSTON (Reuters) - For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary.

  • Jeopardy host Alex Trebek provides a few answers of his own

    NEW YORK (Reuters) - Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario.

  • Acting SEC chair plans test to lower exchange fees

    WASHINGTON (Reuters) - The acting head of the U.S. Securities and Exchange Commission has directed the regulator to launch a pilot plan that would test how the market would be affected if exchanges lowered the fees they charge brokers to execute trades.

  • U.S. fund investors pull back from 'Trump trade'

    NEW YORK (Reuters) - Investors eased off from "Trump trade" bets during the latest week, snatching the most money from bank sector funds in more than a year and stockpiling bonds, Lipper data for U.S.-based funds showed on Thursday.

  • Trump Tantrum looms on Wall Street if healthcare effort stalls

    NEW YORK (Reuters) - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

  • Ackman's Pershing Square Holdings seeks London listing

    (Reuters) - Billionaire investor William Ackman's Pershing Square Holdings Ltd said on Thursday it planned to list its shares in London as it seeks to improve liquidity and valuation.

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