By Carolina Mandl NEW YORK (Reuters) – Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by se[...]
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Schonfeld’s flagship hedge fund ends H1 up 10.3% – source
By Carolina Mandl NEW YORK (Reuters) – Hedge fund Schonfeld Strategic Advisors’ flagship fund Strategic Partners ended the first half of the year up 10.3%, driven by positive performance a[...]
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Germany’s Lindner says planned income tax relief is not negotiable
FRANKFURT (Reuters) – German Finance Minister Christian Lindner said he would not bow to pressure from members of his government coalition to roll back his plans for billions of euros in persona[...]
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Financial industry grappling with AI’s gifts and perils, executives say
By Ross Kerber and Suzanne McGee CHICAGO (Reuters) – The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers[...]
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Ackman’s Pershing Square USA to offer shares at $50 in NY listing
(Reuters) – Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York. Ackman is launching a[...]
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Private credit boom drives Sixth Street hiring spree in Europe
By Sinead Cruise and Tommy Reggiori Wilkes LONDON (Reuters) – Sixth Street is embarking on the biggest European recruitment drive in its 15-year history, leasing a new regional headquarters in L[...]
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UBS shakes up flagship wealth business with new unit, memo says
By Noele Illien and Oliver Hirt ZURICH (Reuters) -UBS is shaking up its wealth-management arm, the bank’s flagship business, to boost its offerings to ultra-rich clients, the division’s ne[...]
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Column-Automation has improved the 401(k) – but where do we go from here?
By Mark Miller (Reuters) – 401(k) accounts are far from perfect as a retirement benefit, but they are getting better, and more improvements are on the way. For better or worse, private-sector e[...]
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Are you better off today? A question for voters as Biden, Trump debate
By Howard Schneider WASHINGTON (Reuters) – Perhaps the most famous one-liner in a presidential debate, Ronald Reagan’s “Are you better off than you were four years ago?” questi[...]
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