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LATEST NEWS FROM WEALTH
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Goldman Sachs CEO Solomon pays price of 1MDB scandal
Goldman Sachs (GS.N) Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank's role ...
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Hedge fund manager Dalio says bipartisan effort needed for post-pandemic world
Billionaire investor Ray Dalio, who founded the world's largest hedge fund, said on Monday that all sides need to collaborate to reconfigure capitalism for a post-pandemic world.
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Citadel, Point72 to invest $2.75 bln in hedge fund Melvin Capital
Melvin Capital Management said on Monday it would receive an investment of $2.75 billion from Citadel, the Chicago-based hedge fund led by Ken Griffin, and billionaire investor Ste...
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NYC pension funds vote to divest $4 bln from fossil fuels
Two New York City pension funds voted to divest their portfolios of some $4 billion worth of fossil fuel company securities, Mayor Bill de Blasio, Comptroller Scott Stringer, and f...
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Hedge fund Elliott Management to shutter Hong Kong office
U.S. hedge fund Elliott Management, known for its activist bent, is closing its 20-strong office in Hong Kong after moving responsibility for Asian investment decisions to London a...
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Prophet Capital restructures CLO hedge fund amid market rebound
Prophet Capital Asset Management LP, an investor in loans and structured credit securities with $2.5 billion in assets, has restructured a hedge fund that had been rocked by March'...
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New hedge fund Honest Capital gains 88% with bets on cannabis, others
Honest Capital LLC launched last year amid one of the most chaotic times in financial history, but its 88.4% returns far outpaced hedge fund peers and broad market indexes by focus...
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U.S. stock funds draw $2.2 billion in week -Lipper
U.S. equity funds saw inflows of $2.2 billion in the week ended Wednesday, a period when Wall Street indexes hit record highs on optimism that President-elect Joe Biden will be abl...
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REUTERS NEXT Startup fund Y Combinator increases global reach, diversity of entrepreneurs
Y Combinator, Silicon Valley’s prominent incubator and startup fund, has half of its latest class of entrepreneurs from outside of the United States, more than ever before, as the ...
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KKR closes first Asia Pacific real estate fund at $1.7 billion
U.S.-based investment firm KKR & Co (KKR.N) said on Thursday it had closed its first fund targeting real estate investments in Asia Pacific at $1.7 billion.
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DoubleLine's Gundlach bullish on Asian emerging market stocks, neutral on bitcoin
Jeffrey Gundlach, the billionaire chief executive of investment firm DoubleLine Capital, said on Tuesday he is bullish on Asian emerging market stocks and neutral on bitcoin given ...
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PIMCO says 2021 'not a time for excessive optimism'
Bond giant PIMCO expects the U.S. economy to return to pre-pandemic levels later this year but warned of political and economic risks that could derail the recovery, including a so...
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Newcomers flex muscle in 2020 corporate activist campaigns -Lazard data
New activist investors made nearly one third of all demands for operational fixes, refreshed boards, and sales of lagging units in 2020, eager to pursue strategies already employed...
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BlackRock says ETFs match index cuts of China stocks
Top asset manager BlackRock Inc (BLK.N) said its iShares ETFs have complied with index provider moves to drop certain China securities in response to pressure from Washington.
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Prominent activist investors post record 2020 returns despite pandemic-muted activity
Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed ...
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Hedge fund manager Scaramucci launches cryptocurrency fund
Anthony Scaramucci's firm SkyBridge Capital is the latest traditional fund manager to launch a bitcoin-focused fund after a surge of interest in cryptocurrencies in 2020.
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State Street exploring options for asset management arm -Bloomberg News
U.S. custodian bank State Street Corp (STT.N) is exploring options for its asset management business, including a merger with a competitor, as it seeks to gain scale, Bloomberg New...
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Brexit: Morgan Stanley sees FTSE 250 down as much as 10% on no deal
Morgan Stanley said on Friday that it expects the FTSE 250 index to drop 6% to 10% if Britain fails to agree a trade deal with the European Union before the end of a transition per...
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