Prominent activist investors post record 2020 returns despite pandemic-muted activity

Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed off demands during a year marked by wild and unexpected business conditions.

Starting a job? Dream big and don't be afraid to fail, says Wella CEO

As a little girl who spoke no English when she moved to the United States from Taiwan, Annie Young-Scrivner learned early on about challenging times.

Hedge fund manager Scaramucci launches cryptocurrency fund

Anthony Scaramucci's firm SkyBridge Capital is the latest traditional fund manager to launch a bitcoin-focused fund after a surge of interest in cryptocurrencies in 2020.

Investment banking from home thrived under COVID-19, but some fear losing their touch

Cary Kochman kicked off a sale process for U.S. printing services provider InnerWorkings Inc just as lockdowns to limit the spread of the novel coronavirus took effect in March.

Big tech bets and cryptocurrencies power 2020's top U.S. funds

Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year's top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100%, according to data from fund-tracker Morningstar.

U.S. Treasury-led report calls for overhaul of money market funds

U.S. policymakers need to consider major changes to make money market funds less vulnerable to investor runs, a working group led by the Treasury Department said on Tuesday, stopping short of making specific recommendations.

U.S. approves NYSE listing plan to cut out Wall Street middlemen

Companies can raise capital on the New York Stock Exchange through direct listings, without losing gains if their stock pops or forking out hefty fees to Wall Street banks, which typically underwrite such capital raisings, the U.S. securities regulator said on Tuesday.

'Stay-at-home' trade still has legs in '21: top mutual fund managers

The so-called "stay-at-home" trade will not end next year even if the pandemic is defeated, according to managers of the top-performing U.S. mutual fund managers of 2020. They are continuing to bet on those stocks.

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