Money

Abadi leaves Safra National Bank for Morgan Stanley: sources

Abadi leaves Safra National Bank for Morgan Stanley: sources

Published 23/06/2017

Bernal

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State Street appoints Steve Cook senior vice president of U.S. investor services

State Street appoints Steve Cook senior vice president of U.S. investor services

Published 23/06/2017

Financial services provider State Street Corp said on Friday it appointed Steve Cook as senior vice president within its U.S. investment services business.

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U.S. stock fund flows decline week after one of biggest inflows of 2017

U.S. stock fund flows decline week after one of biggest inflows of 2017

Published 22/06/2017

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday.

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U.S.-based taxable bond funds attract $3 billion in week: Lipper

U.S.-based taxable bond funds attract $3 billion in week: Lipper

Published 22/06/2017

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Investors poured $3 billion into U.S.-based taxable bond funds during the latest week despite incurring some losses, Lipper data showed on Thursday.

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Gundlach says flatter Treasury yield curve could become a concern

Gundlach says flatter Treasury yield curve could become a concern

Published 21/06/2017

Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday.

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As psychopath CEOs destroy value, nice ones create it: James Saft

As psychopath CEOs destroy value, nice ones create it: James Saft

Published 21/06/2017

Some enterprising manager ought to look into a Long Nice CEOs/Short Jerks hedge fund.

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Stifel appoints three financial advisers at its broker-dealer unit

Stifel appoints three financial advisers at its broker-dealer unit

Published 21/06/2017

Stifel Financial Corp said on Wednesday three financial advisers joined the private client group of its broker-dealer subsidiary, Stifel, Nicolaus & Co Inc.

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U.S. stock market gets relief from strong fund flows: trade group

U.S. stock market gets relief from strong fund flows: trade group

Published 21/06/2017

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 2, 2017. REUTERS/Brendan McDermid

U.S. stock fund flows rebounded in the latest week, providing succor to markets after multibillion dollar withdrawals in the prior week, data from trade group Investment Company Institute (ICI) showed on Wednesday.

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Kyle Bass still short yuan, says China credit bubble `metastasizing`

Kyle Bass still short yuan, says China credit bubble `metastasizing`

Published 15/06/2017

Kyle Bass, Chief Investment Officer of Hayman Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2016. REUTERS/Lucy Nicholson

Hayman Capital Management founder Kyle Bass on Thursday said he remains short the Chinese yuan despite the country's latest change to the guidance rate, because he believes credit bubble problems are “metastasizing.”

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Fund started by ex-Corvex, Trian partners shutting down

Fund started by ex-Corvex, Trian partners shutting down

Published 15/06/2017

Two former partners at hedge funds Corvex Management LP and Trian Management LP are winding down the fund they launched late last year, after making just a few investments.

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