Hedge fund manager Dalio cuts risk amid worries about Washington
BOSTON (Reuters) - Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing political and economic divisions.
ADP rejects new board candidates, Ackman fires back
(Reuters) - Automatic Data Processing Inc
on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm.
Vontobel to buy eastern European private banking portfolio from Notenstein
ZURICH (Reuters) - Swiss bank Vontobel has agreed to buy a roughly 2 billion Swiss franc ($2.1 billion) portfolio of eastern European private banking clients from Notenstein La Roche Private Bank Ltd, it said on Monday.
Doubling Down: Leveraged ETFs offer promise - and danger
NEW YORK (Reuters) - In a volatile market, boring investments can be pretty darn sexy. That is why investors have plowed more than $4 trillion into exchange-traded funds, according to London-based research firm ETFGI.
Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs
LONDON/DUBLIN (Reuters) - "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect.
Exclusive: SEC officials' holdings, legal work, pose potential conflicts
WASHINGTON (Reuters) - Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc
and Wells Fargo & Co that could complicate efforts to regulate them, according to government documents viewed by Reuters.
Ackman says owned stake in Hilton, a previously unnamed bet
BOSTON (Reuters) - Investor William Ackman said on Wednesday his hedge fund had bought and sold a stake in Hilton Worldwide Holdings, identifying the portfolio company that recently earned him a double digit return.
BlackRock's largest mutual fund boosts energy holdings: manager
NEW YORK (Reuters) - BlackRock Inc's
largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday.
Deutsche Bank, Bank of America settle agency bond rigging lawsuits
NEW YORK (Reuters) - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.
U.S. money market assets increased in latest week: iMoneyNet
NEW YORK (Reuters) - U.S. money market fund assets increased by $14.51 billion to $2.673 trillion in the week ended Aug 15, the Money Fund Report said on Wednesday.