- Hedge fund Tourbillon hires Berman as presidentNEW YORK (Reuters) - Hedge fund Tourbillon Capital Partners, which has made headlines with negative returns lately, hired former hedge fund manager Ross Berman as its president and chief strategy... ... Read more »
- Post-MiFID II, most hedge funds make clients foot research billLONDON (Reuters) - The majority of hedge funds are passing on charges for investment research to investors under new European Union rules, despite years of poor average performance and as many large... ... Read more »
- Goldman Sachs to invest $500 million in women-run companies(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on... ... Read more »
- BofA's Merrill admits misleading customers, to pay $42 million SEC fineWASHINGTON/NEW YORK (Reuters) - Bank of America Corp's Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine... ... Read more »
- Your Money: How to deal with the paperwork scramble after a spouse diesNEW YORK (Reuters) - When you are grieving a departed spouse, the last thing you want to think about is changing the title to your car. ... Read more »
- New 'spider' ETF captures Facebook, AT&T in its webNEW YORK (Reuters) - State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which... ... Read more »
- Wealth management startup SigFig secures $50 million round led by General AtlanticNEW YORK (Reuters) - SigFig, a San Francisco-based startup that provides wealth management technology to financial companies, has raised $50 million from investors, it said on Tuesday. ... Read more »
- Wells Fargo mulls combining wealth management divisions(Reuters) - Wells Fargo & Co said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units. ... Read more »
- In 'world of two halves' funds buy U.S. stocks, exit Europe: BAMLLONDON (Reuters) - Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week... ... Read more »
- Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helpsBOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire... ... Read more »