Judge rules against hedge funds that challenged 2016 Jarden deal

WILMINGTON, Del. (Reuters) – A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc’s (NWL.O) 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Continue Reading

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes. Bond funds raked in $9.6 billion Continue Reading

Scaramucci celebrates hedge funds in Vegas at SALT with less glitz

LAS VEGAS (Reuters) – After a one-year pause, the hedge fund industry schmooze fest organized by Anthony Scaramucci, the investment manager who briefly served as President Donald Trump’s communications director, returned to the Las Vegas strip this week. FILE PHOTO: Anthony Scaramucci, managing partner of Skybridge Capital, speaks at the Continue Reading

U.S.-based investment-grade corporate bond funds see 14th week of inflows

(Reuters) – Investors gravitated toward the higher-quality spectrum of the credit markets this week, as U.S.-based investment-grade corporate bond funds attracted about $374.5 million in net cash, their 14th consecutive week of inflows. According to Refinitiv’s Lipper research data on Thursday, investors sent roughly $16 billion in net cash to Continue Reading

Morgan Stanley to become top shareholder in China funds venture with stake increase

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson SHANGHAI/HONG KONG (Reuters) – Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the Continue Reading

Huge inflows to U.S. high-yield bond, investment-grade debt funds

(Reuters) – Investors’ appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group’s fourth consecutive week of inflows, according to Refinitiv’s Lipper research service data. Additionally, U.S.-based investment-grade corporate bond funds attracted Continue Reading

Women running the money? Rarely at hedge funds

LONDON (Reuters) – Generous salary and juicy bonus? Check. Client meetings at private members’ club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we’ll get back to you. Clare Flynn Levy, CEO of Essentia Analytics is seen in this undated handout photo obtained by Reuters March 28, 2019. Clare Continue Reading

Mutual funds start to put their mouth where their money is

(Reuters) – Corporate America’s biggest shareholders have traditionally been content with sharing their views on a company’s strategy privately with management. FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at the headquarters in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau/File Photo But now some Continue Reading

BB&T agrees to return funds to investors to settle SEC charges

WASHINGTON (Reuters) – The top U.S. securities regulator said on Tuesday that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled clients about the cost of advisory services. BB&T agreed to pay Continue Reading