The Federal Reserve is likely to hold its interest rate hikes on pause for the start of 2019 in order to stabilize markets, given economic growth is set to slow and financial conditions having tightened, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Wednesday.
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance.
Hedge fund Cruiser Capital said it plans to press on with its proxy fight at Ashland Global Holdings even after the specialty chemicals business struck a deal to refresh its board with another large shareholder.
While growing up in Seattle, Enrique Rico's mom cleaned the posh homes of Microsoft employees. When Rico tagged along on sick days from school, he dreamed of having the life of a technology worker.
Investors' concerns about company leverage hit a ten-year high as they continued to position against the risk of a global trade war, Tuesday's Bank of America Merrill Lynch's January fund manager survey found.
Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby's Inc after the current board oversaw "alarming underperformance" at the casual dining chain.
