Reuters - Money

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Monday, December 4, 2017

Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) - Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in managing money at the hedge fund firm he founded nearly four decades ago.

Political risk on Wall Street? Buy the dip!

SAN FRANCISCO (Reuters) - An abrupt stock selloff on Friday, sparked by a report that magnified concerns about President Donald Trump's potential links with Russia, prompted Wall Street's favorite reaction in recent months: "Buy the dip."

British Labour leader Corbyn tells Morgan Stanley: 'We're a threat'

LONDON (Reuters) - Britain's opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.

Advisory firms split on Deckers' proxy contest vote

(Reuters) - Two proxy advisory firms on Friday weighed in on one of the year's most bitter proxy battles with one backing UGG boot maker Deckers' management and the other giving partial support to activist hedge fund Marcato Capital Management.

New U.S. tax law could curb charitable donations

NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities if you itemize your taxes.

U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive revenue growth.

U.S. Securities and Exchange Commission ratifies administrative law judges

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said Thursday it had ratified the prior appointment of its administrative law judges.

Column: To the year-end checklist, add mandatory retirement withdrawals

CHICAGO (Reuters) - Nothing good lasts forever, and so it is with tax-deferred retirement saving - that is, the deferred part.

Hedge fund Hutchin Hill shuts down after three bad years

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance.

Bodenholm and Westray reveal media stock shorts on changing viewers

LONDON (Reuters) - European hedge funds Bodenholm Capital and Westray Capital Management revealed they had taken short selling positions on some media companies, bets that their stock prices will fall, on the back of changing consumer habits.