Reuters - Money

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Wednesday, January 24, 2018

More than 10 percent of $3.7 billion raised in ICOs has been stolen: Ernst & Young

NEW YORK (Reuters) - More than 10 percent of funds raised through "initial coin offerings" are lost or stolen in hacker attacks, according to new research by Ernst & Young that delves into the risks of investing in cryptocurrency projects online.

Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund

BOSTON (Reuters) - William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters on Monday.

New Ocado ecommerce deal turns screw on bearish hedge funds

LONDON (Reuters) - Hedge funds which have bet on a fall in the share price of Ocado will have taken a hit after the online retailer unveiled a new international technology deal which sent its stock up by more than a fifth.

Hedge fund Third Point pushes Nestle to do more faster: letter

BOSTON (Reuters) - Billionaire investor Daniel Loeb praised food group Nestle's chief, but is keeping up the pressure with demands that the company move faster to overhaul its strategy.

Stock-focused hedge funds post biggest gains among top performers

BOSTON (Reuters) - Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers.

U.S. hedge fund Tiger Global has invested more than $1 billion in Barclays: FT

(Reuters) - U.S. hedge fund Tiger Global Management has invested more than $1 billion in Britain's Barclays Plc, the Financial Times reported on Sunday.

Morgan Stanley raises targets, but Wall Street wants more

(Reuters) - Morgan Stanley raised key profitability and efficiency targets on Thursday, but those loftier goals failed to impress Wall Street analysts, who repeatedly asked Chief Executive Officer James Gorman why the bank could not do even better.

Exclusive: Blackstone's Hill hands hedge fund reins to McCormick

BOSTON (Reuters) - After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

Thadaney to leave Toronto Stock Exchange owner TMX Group

(Reuters) - TMX Group's head of equity capital markets, Nicholas Thadaney, is leaving Canada's biggest stock exchange operator after a reorganization of the company, Chief Executive Officer Lou Eccleston said.

Families can pool resources for disabled in ABLE accounts

CHICAGO (Reuters) - TJ Rodriguez is 36 and cannot walk without a walker, but horse riding helps him build his strength.