- U.S. funds look for 'crazy cheap' stocks as indexes hit record highsRecord highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek... ... Read more »
- Your Money: Make a paycheck checkup easier, despite the IRSThe Internal Revenue Service would like American taxpayers to look over their paystubs and make sure they are withholding the right amount - please. ... Read more »
- Kuwaiti equities to be in main MSCI emerging markets index from 2020MSCI Inc said on Tuesday it would upgrade Kuwaiti equities to its main emerging markets index in 2020, a move that could trigger billions of dollars of inflows from passive funds. ... Read more »
- BofA commodity arm fined by DOJ for trading practicesBank of America Corp's commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday. ... Read more »
- Norway wealth fund allowed to invest again in Walmart, Rio Tinto, othersNorway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central... ... Read more »
- UK puts mini-bond regulation under spotlight after LCF collapseBritain's finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the... ... Read more »
- Natixis' H2O sells some illiquid debt to try to staunch outflowsH2O, one of French bank Natixis' asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money. ... Read more »
- Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?After years of using the internet, satellites, algos and other innovations to mine 'Big Data' for that edge over rivals, the world's biggest investment firm is trialing a gizmo that puts the focus... ... Read more »
- U.S. judge tosses former SAC Capital trader's insider trading guilty pleaA federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying... ... Read more »
- HomeStreet defeats activist Roaring Blue Lion in proxy contestHomeStreet Inc defeated Roaring Blue Lion Capital Management's campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the... ... Read more »
- Highfields spinoff Solel Partners to start trading later this yearSolel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders' former... ... Read more »
- DoubleLine's Gundlach says Fed's 'pivot' is following bond market's leadJeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve's dovish turn in its policy statement on Wednesday took its lead from the... ... Read more »
- Column: U.S. legislation will help retirement security, but bigger steps are neededFederal policy on retirement security is one chaotic mess right now. ... Read more »
- Most SoftBank Vision Fund investors want to join second fund: CEO SonMost investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, and discussions with those investors will begin soon, SoftBank founder and Chief... ... Read more »
- Your money: Buying or refinancing? The mortgage rate frenzy is backMortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home - or refinance. ... Read more »
- Wells Fargo parent is dismissed from lawsuit by Philadelphia, BaltimoreWells Fargo & Co was dismissed as a defendant in a lawsuit brought by the cities of Philadelphia and Baltimore, which accused large banks of conspiring to inflate interest rates for variable-rate... ... Read more »
- Investor Litt says Hudson's Bay worth double chairman's C$1.74 billion bidActivist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson's Bay Co private as "woefully inadequate" on Tuesday, saying the chairman-led shareholder group... ... Read more »
- After Woodford fund suspension, focus turns to its stewardsThe suspension of Neil Woodford's flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. ... Read more »
- Your Money: Millennials should shrug off annuities for nowThe days of guaranteed pensions from work are long gone, but can annuities make up the difference for millennials? ... Read more »
- Father Figures: Dad's best financial adviceFathers pass down many things to their kids, but not just genetic traits like eye color or hairlines. ... Read more »