Vinik to shut down hedge fund, says raising cash 'much harder' than expected

Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived relaunch of his asset management firm.

U.S. money market assets increased in latest week: iMoneyNet

U.S. money market fund assets increased by $18.00 billion to $3.437 trillion in the week ended Oct 22, the Money Fund Report said on Wednesday.

Workers in pain: Employers take a new twist to prevent costly injuries

Your job does not have to be physically demanding to literally be a pain in the neck, or knee, or lower back.

Top pension consultant NEPC questions sustainability of Fisher Investments

Top pension consultant NEPC said it questioned the "sustainability" of Fisher Investments, in a memo sent to NEPC clients and seen by Reuters on Tuesday.

U.S. companies facing worker shortage race to automate

U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows.

Top pension consultant NEPC recommends terminating Fisher, pension fund says

Top pension consultant NEPC recently issued a client recommendation to terminate Fisher Investments, the New Hampshire Retirement System said on Tuesday.

Fidelity drops Fisher's money management firm as withdrawals accelerate

Fidelity Investments has dropped Fisher Investments as a money manager, a Fidelity spokesman said on Monday, the latest in an accelerating series of withdrawals from the firm over allegedly sexist comments by its leader, Kenneth Fisher.

China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down

China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy.

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