Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Lucy Nicholson Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, s... More »
Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. REUTERS/Kevin Lamarque The U.S. Federal Reserve on Wednesday gave extensions of up to five years to Deutsche Bank, SVB Financial Group, and UBS Group on complying... More »
Loomis Sayles Vice Chairman Dan Fuss said his popular Loomis Sayles Bond Fund (LSBDX), which has outperformed 92 percent of its peer category over the last 15 years, has amassed one of its highest exposures to short-term reserves, which include U.S. and Canadi... More »
Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco’s Total Return Bond investment strategy from Jackson National’s product line-up and assign management of the $3.5 billion in that fund offer... More »
The GM logo is seen at the General Motors Assembly Plant in Valencia, Venezuela April 21, 2017. REUTERS/Marco Bello Greenlight Capital’s plan to split up General Motors Co’s (GM.N) stock, as well as its challenge to the company’s board of directors, will come ... More »
Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains for the year. More »
File photo: Scott Minerd speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson Guggenheim Investments, overseen by high-profile bond investor Scott Minerd, posted net inflows totaling more tha... More »
Activist hedge fund Jana Partners, which is currently pushing grocer Whole Foods Markets Inc to perform better, lost money in May but is still in the black for the year, according to an investor update. More »
New rules on pricing investment research are shaking up the European fixed income, currency and commodity (FICC) industry, with many funds planning to scale back or ditch a service that banks use to drum up business. More »
Fund managers may show genuine and long-lasting skill, but do more poorly as the good ones are piled with responsibilities. More »
Students of investing will need to start cramming for a new subject: computer science. More »
Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S., September 21, 2016. REUTERS/Andrew Kelly Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital... More »
John Burbank, founder & chief investment officer of Passport Capital, speaks at a panel discussion at the SALT conference in Las Vegas May 15, 2014. REUTERS/Rick Wilking Bayliss More »
A pedestrian walks past a Buffalo Wild Wings restaurant in New York, U.S., February 6, 2017. REUTERS/Lucas Jackson Bayliss and Tim McLaughlin More »
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Hedge funds and money managers cut bullish bets on U.S. crude for the third straight week, as the oil market remained volatile over concerns about r... More »
Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid European and emerging markets equities are more attractive than U.S. equities, and volatility in stock marke... More »
William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Bayliss More »
Keith Meister, Managing Partner and Chief Investment Officer of Corvex Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Bayliss More »
Joseph Meli and his wife, Jessica Meli, exit U.S. Federal Court in Manhattan, New York, U.S., January 27, 2017, after Meli and Steven Simmons were charged with running a criminal Ponzi scheme that swindled investors in a purported ticket-reselling business for... More »
Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors is in preliminary talks to open an office in Britain to invest in more European money managers, two sources with direct knowledge of the matter told Reuters. More »
Simon Lorne, vice chairman of Millennium Management and chairman of the Alternative Investment Management Association (AIMA) poses for a portrait in New York City, U.S., April 24, 2017. REUTERS/Brendan McDermid Hedge fund critics are becoming increasingly voca... More »
Greg Peters at the Reuters Global Investment Summit in New York, November 17, 2015. REUTERS/Brendan McDermid PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the “ri... More »
FILE PHOTO: Klaus Kleinfeld, Chief Executive Officer of Arconic, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson Activist hedge fund Elliott Management released the private letter written by Arconic... More »
FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid/File Photo BlackRock Inc (BLK.N), the world’s biggest ass... More »
Gary Cohn, director of the National Economic Council, takes part in a strategic and policy CEO discussion with President Trump in the Eisenhower Executive Office Building in Washington. REUTERS/Joshua Roberts Bayliss More »
The state of Rhode Island hired a senior Goldman Sachs Group Inc executive as chief investment officer to oversee its $7.9 billion pension fund, the state’s Treasurer said in an email on Friday. More »
Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson BlackRock Inc (BLK.N), the world’s largest asset manager, cut total compensation for Chairman and Ch... More »
Drug company Innoviva Inc said on Thursday it would undertake a review of its costs, including executive compensation following pressure from activist investor Sarissa Capital Management LP. More »
FILE PHOTO – The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo One of the portfolio managers behind BlackRock Inc’s largest mutual fund says his team has been buying safe-haven asset... More »
A trader looks at screens while working on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 27, 2017. REUTERS/Lucas Jackson Some of the actively managed funds that have performed the best since the Nov. 8 presidential election are switc... More »
Influential bond investor Bill Gross on Thursday stepped up his warning to investors not to be tempted into buying equities, high-yield junk bonds and other asset classes, given the possibility that U.S. President Donald Trump might fail to enact policies that... More »
FILE PHOTO: The sign of Japan’s Government Pension Investment Fund (GPIF) is seen after a news conference in Tokyo, Japan, April 1, 2016. REUTERS/Thomas Peter/File Photo Japan’s Government Pension Investment Fund (GPIF) on Tuesday began recruiting asset manage... More »
Investment management firm Brinker Capital announced Monday the launch of the Destinations Funds, a series of 10 multi-manager mutual funds advised by Brinker Capital that it said aims to cut investors’ overall costs and lower the account minimum on portfolios... More »
FILE PHOTO – A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford/File Photo Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buye... More »
A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the... More »
In the financial market race for information, hedge funds, it seems, are the winners. More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo The billionaire hedge fund manager Leon Cooperman has asked a federal... More »
Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion (2.4 billion pounds) for a hedge fund he alone will control. More »
File photo: 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 There is no risk of a high-yield junk bond “meltdown” because the risk of a rec... More »
The offices of Pacific Investment Management Co (PIMCO) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake Pacific Investment Management Co regained its perch as the manager behind the world’s largest actively managed bond fund, data fro... More »
File photo: David Einhorn, founder and president of Greenlight Capital, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid Bayliss More »
Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015. More »
FILE PHOTO: A commuter passes by the New York Stock Exchange (NYSE) in the financial district in New York City, U.S., February 7, 2017. REUTERS/Brendan McDermid/File Photo Institutional Shareholder Services Inc, the world’s top proxy advisory firm, is making a... More »
FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo Westinghouse Electric Co’s financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclea... More »
William Ackman speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid Bayliss More »
You probably already knew that hedge fund names are intended to impress, or even better to confuse just enough to make you stop asking questions, but most of all to inspire confidence. More »
A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on ... More »
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo The U.S. Securities and Exchange Commission on Tuesday denied... More »
Hedge fund Citadel said it is making changes at the top of its global quantitative division by bringing back James Yeh to replace the current head who is retiring. More »
Rising short-term interest rates in the United States are prompting Lipper Award-winning bond fund managers to add emerging-market debt and non-agency backed residential mortgages that they say offer more potential for gains in the year ahead. More »
Eric Mindich, Founder and CEO of Eton Park Capital Management attends a session at the World Economic Forum (WEF) in Davos January 29, 2010. REUTERS/Christian Hartmann Bayliss More »
U.S. hedge fund manager Emanuel ‘Manny’ Friedman plans to list a fund in London to invest in asset-backed securities and real estate assets put up for sale as a result of regulatory change in the financial sector. More »
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, 2011. REUTERS/Steve Marcus Bayliss More »
Stone Milliner, one of Europe’s best-performing hedge funds that bets on macroeconomic events, lost 2.1 percent in the first two months of 2017, its worst start to a year, an investor letter seen by Reuters showed. More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo A federal judge on Monday rejected billionaire hedge fund manager Leo... More »
Peabody’s St. Louis headquarters seen from the steps of the Thomas F. Eagleton U.S. Courthouse, where a hearing on the coal producer’s plan to exit its Chapter 11 bankruptcy was held in St. Louis, Missouri, U.S., March 16, 2017. REUTERS/Tracy Rucinski Peabody ... More »
FILE PHOTO – A sign for the headquarters of Valeant Pharmaceuticals International Inc is seen in Laval, Quebec June 14, 2016. REUTERS/Christinne Muschi/File Photo ValueAct Capital raised its stake in Valeant Pharmaceuticals International Inc, in a move that co... More »
Bayliss and Maiya Keidan More »
Rick Rieder, BlackRock’s Global Chief Investment Officer, speaks during the Reuters Global Investment Outlook Summit in New York City, U.S., November 14, 2016. REUTERS/Brendan McDermid Markets are emboldened by the tone of monetary policymakers following an in... More »
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 Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Wednesday he expec... More »
President Donald Trump plans to nominate J. Christopher Giancarlo to lead the Commodity Futures Trading Commission, the regulator tasked with policing the massive over-the-counter derivatives market, the White House said on Tuesday. More »
FILE PHOTO – William Ackman (L), chief executive of Pershing Square Capital, speaks with David Weinreb, CEO of Howard Hughes Corp. on the floor of the New York Stock Exchangein New York, U.S. on November 10, 2015. REUTERS/Brendan McDermid/File Photo Bayliss More »
FILE PHOTO – William Ackman, chief executive of Pershing Square walks on the floor of the New York Stock Exchange, New York, U.S. on November 10, 2015. REUTERS/Brendan McDermid/File Photo Bayliss and Michael Flaherty More »
FILE PHOTO: Visitors walk towards the Sleeping Beauty Castle during a visit to the Disneyland Paris, France, January 21, 2015. REUTERS/Gonzalo Fuentes/File Photo – RTX30GBA An activist hedge fund has criticized plans by Walt Disney (DIS.N) to take full control... More »
Chairman of the Senate Banking, Housing, and Urban Affairs Committee Mike Crapo (R-ID) hearing listens to testimony from Federal Reserve Chairman Janet Yellen on the “Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., Febru... More »
FILE PHOTO: Bill Gross speaks at the Morningstar Investment Conference in Chicago, Illinois, June 19, 2014. REUTERS/Jim Young Bond investor Bill Gross warned on Thursday that investors should not be tempted into buying high-flying equities and corporate bonds,... More »
A Pacific Investment Management Co (PIMCO) sign is shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund (BOND.P) a... More »
FILE PHOTO — David Tepper, founder of Apploosa Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid/File Photo Billionaire investor David Tepper, whose views on markets and stocks are closely watched by oth... More »
FILE PHOTO – The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S. on June 24, 2011. REUTERS/Jonathan Ernst/File Photo Entertainment featuring Bob Dylan, Paul McCartney, The Rolling Stones and eve... More »
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid Bayliss More »
Solar installers place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, U.S. October 14, 2016. REUTERS/Mike Blake Environmentally conscious investors are using their pocketbooks to protest President Donald Trump’s plans t... More »
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton David Harding, founder of one of the world’s biggest hedge fund... More »
Activist hedge fund Elliott Management Corp said on Friday it had entered into a standstill agreement with U.S. healthcare services company Advisory Board Co. More »
Ray Dalio, Founder, Co-Chief Executive Officer and Co-Chief Investment Officer, Bridgewater Associates attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben Sprich The world’s largest hedge fund man... More »
Guggenheim Investments attracted net inflows of more than $1.5 billion into its fixed-income mutual funds and ETFs in February, the firm said on Wednesday. More »
A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder/File Photo Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions, accelerating th... More »
FILE PHOTO: A police officer keeps watch in front of the U.S. Federal Reserve building in Washington, DC, U.S., October 12, 2016. REUTERS/Kevin Lamarque Risks of both rising stock market volatility and inflation coupled with substantial underpricing on both fr... More »
Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor’s firm and a source familiar with his plans said that he is exploring launching his own hedge fund. More »
For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. More »
FILE PHOTO – Investor Warren Buffet arrives for the premiere of the film ‘Wall Street: Money Never Sleeps’ in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks ... More »
File Photo: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File Photo Billionaire Warren Buffett, whose stock picks over several decades have enriched generati... More »
Investment consultants Mercer, Aon Hewitt and Willis Towers Watson said they had banded together to propose market changes that help them avoid a competition review by Britain’s regulator, but released no details. More »
Emerging market equities have a spring in their step as an upswing in company profits extends a year-long 40 percent rally in the sector and allows investors to look past the threat of a global trade war. More »
Jeffrey Ubben, Founder & CEO at ValueAct Capital, speaks on the Reuters Newsmaker event ‘The Future of Shareholder Activism’ in Manhattan, New York, U.S., February 22, 2017. REUTERS/Andrew Kelly Jeffrey Ubben, the chief executive officer of activist investor V... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017. REUTERS/Brendan McDermid Bayliss and Lawrence Delevingne More »
A woman walks past the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full-year results in Zurich, Switzerland February 8, 2017. REUTERS/Arnd Wiegmann Swiss engineering group ABB (ABBN.S) revealed th... More »
A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque Bayliss More »
A fully budded marijuana plant ready for trimming is seen at a store in Colorado December 31, 2013. REUTERS/Rick Wilking An investment company is making plans to launch what could be the first exchange-traded fund to profit on marijuana. More »
Asset managers on Monday marshaled their defense against proposed changes by their regulator aimed at boosting value for investors by cutting costs and increasing competition. More »
A MoBike sign is seen in Guangzhou, Guangdong Province, China, October 8, 2016. REUTERS/Stringer Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund... More »
The BlackRock logo is seen outside of its offices in New York January 18, 2012. B REUTERS/Shannon Stapleton/File Photo Managers of BlackRock Inc’s (BLK.N) largest mutual fund, fearing Trump administration policies could hurt technology companies with hefty for... More »
A CSX coal train (R) moves past an idling CSX engine at the switchyard in Brunswick, Maryland October 16, 2012. REUTERS/Gary Cameron The activist investor targeting U.S. railroad operator CSX Corp. (CSX.O) said in a letter to the company’s board on Thursday th... More »
A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration taken November 3, 2016. REUTERS/Dado Ruvic/Illustration Top U.S. hedge funds trimmed bets on a group of closely-watched technology stocks in the fourth quarter in an ap... More »
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Billionaire activist investor Carl Icahn increased his holdings in Herbalife Ltd ... More »
FILE PHOTO – President and Portfolio Manager of Paulson & Co. John Paulson speaks during the Sohn Investment Conference in New York, May 16, 2012. REUTERS/Eduardo Munoz Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson & Co ... More »
George Soros speaks on stage at the Annual Freedom Award Benefit Event hosted by the International Rescue Committee at the Waldorf-Astoria in New York November 6, 2013. REUTERS/Andrew Kelly/File Photo Soros Fund Management LLC eliminated its shares in Barrick ... More »
Business magnate George Soros arrives to speak at the Open Russia Club in London, Britain June 20, 2016. REUTERS/Luke MacGregor/File Photo Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros... More »
