Activist investor Clifton S. Robbins told clients on Friday that he is shuttering his Blue Harbour Group not because investors want their money back or because returns have lagged, but because he wants to do something different.
This week's stock market plunge on coronavirus worries has given hedge fund managers a rare opportunity to brag that they are performing better than traditional stock market funds during a time of market stress.
Eight candidates have applied to head Norway's sovereign wealth fund, the country's central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition.
The chief executive of Pioneer Natural Resources, Scott Sheffield, on Thursday called on energy investors to sell shares or pull funding from companies that have rates of natural gas flaring.
Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on Friday after the bank posted first-quarter profit that beat expectations.
Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry's more profitable and durable professional marriages.
