U.S. money market assets decreased in latest week: iMoneyNet

NEW YORK, June 10 (Reuters) – U.S. money market fund assets decreased by $24.84 billion to $4.668 trillion in the week ended June 9, the Money Fund Report said on Wednesday. Taxable money market fund assets decreased by $24.31 billion to $4.534 trillion, while tax-free assets decreased by $530.30 million Continue Reading

US money market assets increased in latest week: iMoneyNet

NEW YORK, May 13 (Reuters) – U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $27.02 billion to $4.581 trillion, while tax-free assets decreased by $740.60 million Continue Reading

Activist hedge fund Marcato Capital to shut down after drop in assets

BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. FILE PHOTO: Blackstone Group CEO and Co-Founder Steve Schwarzman speaks at a Reuters Newsmaker event in Continue Reading

AT&T to add directors, sell up to $10 billion in assets next year

(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management. The second-largest Continue Reading

Fallout from money manager Kenneth Fisher’s remarks tops $1 billion in lost assets

BOSTON (Reuters) – Fallout from Kenneth Fisher’s alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. The Iowa Public Employees’ Retirement System was Continue Reading