Wealth Management

At Facebook, public funds join push to remove Zuckerberg as chairman

At Facebook, public funds join push to remove Zuckerberg as chairman

Published 17/10/2018

(Reuters) - Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following [more…]

China Treasury holdings in August fall to lowest since June 2017:…

China Treasury holdings in August fall to lowest since June 2017:…

Published 16/10/2018

NEW YORK (Reuters) - China’s holdings of U.S. Treasuries fell for a third straight month in August to their lowest in more than a year, [more…]

PIMCO taps Erin Browne as managing director and portfolio manager

PIMCO taps Erin Browne as managing director and portfolio manager

Published 15/10/2018

NEW YORK (Reuters) - PIMCO, one of the world’s largest fixed-income managers, on Monday named Erin Browne, previously of UBS Asset Management and Steve Cohen’s [more…]

Virgin’s Branson halts talks on $1 billion Saudi investment in…

Virgin’s Branson halts talks on $1 billion Saudi investment in…

Published 12/10/2018

(Reuters) - British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a [more…]

Going for gold: Sotheby’s to hold first sale dedicated to precious…

Going for gold: Sotheby’s to hold first sale dedicated to precious…

Published 12/10/2018

LONDON (Reuters) - From a sculpture of model Kate Moss to an elaborate elephant liqueur set, an array of items made with gold will go [more…]

Marie Antoinette’s jewelry on display in Dubai before auction

Marie Antoinette’s jewelry on display in Dubai before auction

Published 10/10/2018

DUBAI (Reuters) - Held in private collections for more than 200 years, jewelry that once belonged to France’s ill-fated Queen Marie Antoinette has gone on [more…]

Britain’s Schroders gains on potential Lloyds wealth deal

Britain’s Schroders gains on potential Lloyds wealth deal

Published 08/10/2018

(Reuters) - A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain’s biggest bank, which [more…]

Emerging market stocks’ descent to 17 month lows entices U.S….

Emerging market stocks’ descent to 17 month lows entices U.S….

Published 08/10/2018

NEW YORK (Reuters) - The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may [more…]

Why are investment banks nervous about Australia’s cartel case?

Why are investment banks nervous about Australia’s cartel case?

Published 07/10/2018

SYDNEY/HONG KONG (Reuters) - Investment bankers are bracing for the start of a landmark legal case about alleged cartel activity in Australia’s financial sector, nervous [more…]

Gulati’s Antara Capital launches with Blackstone money

Gulati’s Antara Capital launches with Blackstone money

Published 05/10/2018

BOSTON (Reuters) - Hedge fund manager Himanshu Gulati, who received startup capital from Blackstone Group LP, launched Antara Capital Partners this week with roughly $200 [more…]