Reuters - Money

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Wednesday, March 8, 2017

BET co-founder Sheila Johnson succeeds all over the map

NEW YORK (Reuters) - Most people would be thrilled to succeed in one field. Sheila Johnson has triumphed in some remarkably different ones.

Banks come in from the cold for hedge funds

LONDON/BOSTON (Reuters) - Bank stocks are back in vogue for hedge funds, which have shunned the industry over the past seven years due to a squeeze on banks' profitability from low interest rates and because of their opaque balance sheets.

Electronics retailer hhgregg files for bankruptcy

(Reuters) - Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years.

'Green' funds flush with new cash, challenges as Trump era dawns

NEW YORK (Reuters) - Environmentally conscious investors are using their pocketbooks to protest President Donald Trump's plans to slash environmental regulations, fueling a rally in funds that only invest in companies that meet progressive criteria for sustainability.

U.S. investment firm plans launch of first ever ethereum classic private fund

NEW YORK (Reuters) - U.S. investment firm Grayscale Investments plans to launch the first-ever private fund focused on ethereum classic, a blockchain platform, according to Barry Silbert, founder of the company's parent Digital Currency Group.

Winton CEO defends firm from Buffett criticism of fees, returns

LONDON/NEW YORK (Reuters) - David Harding, founder of one of the world's biggest hedge funds, on Friday defended his firm against Warren Buffett's criticism of hedge fund fees last week.

'Green' funds flush with new cash, challenges as Trump era dawns

Research undercuts Fed's two favorite U.S. inflation tools

NEW YORK (Reuters) - Two tools that the Federal Reserve heavily relies upon to predict U.S. inflation in fact provide little practical help, and the Fed would be wise to only modestly overshoot its 2-percent price target, concludes a high-profile paper published on Friday.

Advisory Board, hedge fund Elliott enter standstill agreement

(Reuters) - Activist hedge fund Elliott Management Corp said on Friday it had entered into a standstill agreement with U.S. healthcare services company Advisory Board Co.

David Copperfield on creating a magical life: Don't ignore reality

NEW YORK (Reuters) - If you had to name just one person on Earth who is living his or her best life, David Copperfield would have to be among the finalists.