FILE PHOTO: Mark Haefele, Global Chief Investment Officer of UBS Wealth Management attends the Reuters Investment Summit, London, Britain, November 16, 2017. REUTERS/Paul Hackett (Reuters) – UBS Global Wealth Management has closed…
Tag: Finance
Collapsed hedge fund Columna sues Permira-backed former managers
LONDON (Reuters) – The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for…
Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources
SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter…
Norway’s wealth fund extends ownership of New York real estate
OSLO (Reuters) – Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few…
Bridgewater warns of peak U.S. profit margins, lower stock prices
(Reuters) – The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the world’s largest hedge…
Corvex’s Meister likes Diamondback Energy after it bought Energen
NEW YORK (Reuters) – Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the energy company bought a rival last year….
Starboard takes new position in KAR Auction Services
FILE PHOTO: Jeffrey Smith, CEO of Starboard Value LP speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019….
Short European stocks still ‘most crowded trade,’ BAML survey shows
LONDON (Reuters) – Short positioning on European equities was the “most crowded trade” for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found….
Short European equities still ‘most crowded trade’: BAML survey
FILE PHOTO: The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip LONDON (Reuters) – Short positioning on…
Meditate to the tax finish line
NEW YORK(Reuters) – Stressed out by the tax deadline on April 15? FILE PHOTO: A tax sign is pictured on an H&R Block tax office in Los Angeles, California, April 26, 2017….