Economy & Finance

Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

Published 11/08/2017

Dan Loeb's Third Point took a 1.6 million-share stake in BlackRock Inc (BLK.N) and reinitiated a stake in Alibaba Group Holding (BABA.N) of 4.5 million shares during the second quarter ended June 30, according to regulatory filings late on Friday. [more…]

Pimco`s Ivascyn says firm has built `above average` cash position

Pimco`s Ivascyn says firm has built `above average` cash position

Published 11/08/2017

Pacific Investment Management Co, which oversees more than $1.6 trillion of assets, has built up an above-average cash position firmwide and has held S&P put options as geopolitical and military risks mount, Dan Ivascyn, group chief investment officer at Pimco, said on Friday. [more…]

U.S. stock funds post largest withdrawals in five weeks: Lipper

U.S. stock funds post largest withdrawals in five weeks: Lipper

Published 10/08/2017

U.S. fund investors reduced their exposure to stocks and bought bonds during the latest week, Lipper data showed on Thursday, as saber-rattling between the United States and North Korea appeared to shake investor sentiment. [more…]

Gundlach`s Total Return Bond Fund posts ninth straight month of outflows

Gundlach`s Total Return Bond Fund posts ninth straight month of outflows

Published 10/08/2017

Investors pulled $200 million from Jeffrey Gundlach's DoubleLine Total Return Bond Fund in July, extending an outflow streak that began in November, according to Morningstar Inc data on Wednesday. [more…]

Institutions beat individuals on the active investment fool’s errand: James Saft

Institutions beat individuals on the active investment fool’s errand: James Saft

Published 09/08/2017

Institutions do better than individuals at active fund management, but given that both come out losers the underlying message is that picking stocks and bonds is a game neither group should play. [more…]

Republican, Democratic senators seek answers in Wells auto scandal

Republican, Democratic senators seek answers in Wells auto scandal

Published 09/08/2017

A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge for collision insurance, which many of them did not need. [more…]

Envision to sell ambulance business to KKR in $2.4 billion deal

Envision to sell ambulance business to KKR in $2.4 billion deal

Published 08/08/2017

Envision Healthcare Corp (EVHC.N) said on Tuesday it would sell its ambulance business to buyout firm KKR & Co (KKR.N) in an all-cash deal valued at $2.4 billion as it sharpens its focus on its core businesses. [more…]

Dollar edges lower after Friday bounce

Dollar edges lower after Friday bounce

Published 07/08/2017

The dollar edged lower on Monday following sharp gains in the previous session, as investors focused on inflation data due this week that could determine the currency's longer-term trajectory. [more…]

Miners, energy stocks give European shares another leg up

Miners, energy stocks give European shares another leg up

Published 07/08/2017

Basic resources and energy stocks helped European benchmarks build on the previous week's robust gains on Monday, as commodity prices climbed. [more…]

Oil eases as rising output weighs, but still near nine-week highs

Oil eases as rising output weighs, but still near nine-week highs

Published 07/08/2017

Oil prices edged down on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drilling rig count, even as rising output from OPEC reined in crude markets. [more…]