Reuters - Money

Click to View in Browser

Monday, January 22, 2018

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.

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

BOSTON (Reuters) - Billionaire investor Daniel Loeb praised consumer company Nestle's chief but is keeping up the pressure with demands that the company move faster in overhauling its strategy.

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.

Your estate plan needs an update, even if it is new

NEW YORK (Reuters) - Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, thanks to new tax laws that went into effect at the turn of the year.

U.S. fund investors pull most cash from 'junk' in two months: Lipper

NEW YORK (Reuters) - U.S. fund investors pulled $3.1 billion from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets' continuing triumph.

Factbox: Big U.S. banks' fourth-quarter results muddied by new tax law

(Reuters) - Morgan Stanley reported quarterly results on Thursday, rounding off an earnings season for big U.S. banks marked by across-the-board hit to profits from the U.S. tax overhaul.