Reuters - Money

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Thursday, January 25, 2018

Scaramucci hits pause button on Las Vegas hedge fund party

NEW YORK (Reuters) - Anthony Scaramucci's annual schmooze fest for Wall Street on the Las Vegas strip is on hold.

U.S. business borrowing for equipment rises about 6 percent in December: ELFA

(Reuters) - U.S. companies' borrowing to spend on capital investment rose about 6 percent in December from a year earlier, the Equipment Leasing and Finance Association (ELFA) said.

Column: Using 529 funds to pay for private school? Check new rules

CHICAGO (Reuters) - Uncle Sam has given families the green light to use $10,000 per child each year to pay for private schools out of 529 savings plans, but parents cannot count on states to give them the same tax break.

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.