Reuters - Money

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Monday, June 5, 2017

GM shareholders to decide on Greenlight stock plan, board challenge

(Reuters) - Greenlight Capital's plan to split up General Motors Co's stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the U.S. automaker's shareholders cast their votes on the hedge fund's proposals.

First jobs of Madison Avenue's ad wizards

NEW YORK(Reuters) - Thanks to TV shows like "Mad Men," the advertising world seems to many to be impossibly stylish and full of intrigue.

Column: Watchdogs step up U.S. fight against elder financial fraud

CHICAGO (Reuters) - Thieves follow the money, and wealth accumulates as we age. But the aging brain is not always well-suited to financial decision-making - and that creates opportunity for financial fraud and abuse targeting the elderly.

Hedge fund Marcato Capital Management posts gains in May

BOSTON (Reuters) - Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains for the year.

Hedge fund managers can show off with better returns in May

BOSTON (Reuters) - Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show.

Minerd's Guggenheim attracts broad fixed-income inflows in May

NEW YORK (Reuters) - Guggenheim Investments, overseen by high-profile bond investor Scott Minerd, posted net inflows totaling more than $1.1 billion into its fixed-income mutual funds and ETFs in May, the firm said on Thursday.

Some U.S. bond investors stick to energy bets, say rally has legs

NEW YORK (Reuters) - Several large investment firms are betting on U.S. energy bonds on the view that they have more room to run even after a sharp rebound in performance in 2016.

Third Point hedge funds gain in May: investor update

BOSTON (Reuters) - Billionaire investor Daniel Loeb's hedge funds continued to make money in May, leaving its Third Point Partners L.P. fund up 9.9 percent for the year and its Third Point Ultra Ltd. up 16.1 percent, according to an investor update.

Adams Street hires Martin vom Hagen to lead new Munich office

(Reuters) - Investment firm Adams Street Partners said on Thursday it hired industry veteran Martin vom Hagen to head its newly established office in Munich, Germany.

Hedge fund Jana Partners says down in May, up 4.6 percent in 2017

BOSTON (Reuters) - Activist hedge fund Jana Partners, which is currently pushing grocer Whole Foods Markets Inc to perform better, lost money in May but is still in the black for the year, according to an investor update.