More U.S. Social Security claimants see patience as a virtue
CHICAGO (Reuters) - Good things come to those who wait, the old saying goes. And more Americans are getting the message when it comes to claiming Social Security benefits.
Big hedge funds' assets edge lower in 2016: Billion Dollar Club survey
BOSTON (Reuters) - Assets managed by the largest hedge funds slipped in 2016 in their first calendar-year decline since the financial crisis, according to a survey released on Thursday by data and news provider Hedge Fund Intelligence.
Activist ValueAct says invested in private equity pioneer KKR
NEW YORK (Reuters) - ValueAct Capital said it has invested in asset management group KKR & Co, as the $16 billion activist investment fund deepens its reach into the financial sector.
CalSTRS pares down U.S. equity exposure in market's record run
NEW YORK (Reuters) - Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan's chief investment officer told Reuters on Wednesday.
Trading startup Robinhood raises $110 million in new funding round
NEW YORK (Reuters) - Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner's investment group DST Global, valuing the company at $1.3 billion.
Q&A: Hedge fund executive Simon Lorne talks Trump, Brexit and 'Billions'
NEW YORK (Reuters) - Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees.
Your Money: Older couples ponder financial impact of divorce
NEW YORK (Reuters) - What makes couples want to split after decades of marriage?
U.S.-based stock funds attract most cash in five weeks: ICI
NEW YORK (Reuters) - Investors in U.S.-based mutual funds and exchange-traded funds poured $4.7 billion into stock funds in the week ended April 19, marking the biggest inflows in five weeks as investors returned to U.S.-focused share funds, data from the Investment Company Institute showed on Wednesday.
Venture capital enthusiasm for fintech startups shifts to Europe
SAN FRANCISCO (Reuters) - Venture capital investments in financial services startups are showing a geographical split, with funding for so-called "fintech" companies in the United States cooling but soaring in Europe, according to a new report out Wednesday.
U.S. investment firm launches $10 mln ethereum classic private fund
NEW YORK (Reuters) - U.S. investment firm Grayscale Investments has launched the first private fund focused on ethereum classic, a blockchain platform, with a seed capital of $10 million, Barry Silbert, founder of the company's parent, Digital Currency Group (DCG), said on Wednesday.