Wealth

UBS Wealth closes U.S. equity overweight, favors emerging stocks

UBS Wealth closes U.S. equity overweight, favors emerging stocks

Published 18/04/2019

(Reuters) - UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, [more…]

Collapsed hedge fund Columna sues Permira-backed former managers

Collapsed hedge fund Columna sues Permira-backed former managers

Published 18/04/2019

LONDON (Reuters) - The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are [more…]

Exclusive: Advent readies new $2.2 billion Latam private equity…

Exclusive: Advent readies new $2.2 billion Latam private equity…

Published 18/04/2019

SAO PAULO (Reuters) - U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, [more…]

Norway’s wealth fund extends ownership of New York real estate

Norway’s wealth fund extends ownership of New York real estate

Published 17/04/2019

OSLO (Reuters) - Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New [more…]

Bridgewater warns of peak U.S. profit margins, lower stock prices

Bridgewater warns of peak U.S. profit margins, lower stock prices

Published 17/04/2019

(Reuters) - The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity [more…]

Corvex’s Meister likes Diamondback Energy after it bought Energen

Corvex’s Meister likes Diamondback Energy after it bought Energen

Published 16/04/2019

NEW YORK (Reuters) - Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the [more…]

Starboard takes new position in KAR Auction Services

Starboard takes new position in KAR Auction Services

Published 16/04/2019

NEW YORK (Reuters) - Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at [more…]

Meditate to the tax finish line

Meditate to the tax finish line

Published 12/04/2019

NEW YORK(Reuters) - Stressed out by the tax deadline on April 15? Yes, of course, there is an app for that. Some 52 percent of [more…]

How to create connections at work in the age of isolation

How to create connections at work in the age of isolation

Published 12/04/2019

NEW YORK (Reuters) - If an overflowing inbox is killing your productivity at the office, you are not alone. Well, maybe you are, but not [more…]

Skittish investors pull more than $20 billion from stocks, rush…

Skittish investors pull more than $20 billion from stocks, rush…

Published 22/03/2019

LONDON (Reuters) - Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors [more…]