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

Boaz Weinstein’s Saba scored record profits on market plunge: letter

NEW YORK (Reuters) – Boaz Weinstein’s main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid coronavirus-led market turmoil, bringing its year to date gain to 67%, according to a note sent to clients seen by Reuters. FILE PHOTO: Boaz Weinstein, founder and chief Continue Reading