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23.10.2019

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...
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23.10.2019

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.
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23.10.2019

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.
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22.10.2019

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.
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22.10.2019

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...
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22.10.2019

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.
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21.10.2019

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...
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21.10.2019

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...
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21.10.2019

China more than doubles Sept approval for fixed-asset investment projects

China's state planner in September more than doubled its approval for fixed-asset investment projects, as Beijing looks to step up support for an economy expanding at the slowest pace in nearly three...
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21.10.2019

Many firms in China's third-biggest province struggling to pay debt - S&P

Many privately held firms in Shandong, China's third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees...
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19.10.2019

Fallout from money manager Kenneth Fisher's remarks tops $1 billion in lost assets

Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in...
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19.10.2019

Iowa pension ends $386 million money management contract with Kenneth Fisher

A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in...
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18.10.2019

AT&T, Elliott in talks after activist campaign launched: sources

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar...
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18.10.2019

Goldman wants traders to be more like dealmakers and coders

Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they...
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17.10.2019

Your Money: U.S. teachers take hands-on approach to financial literacy

There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts.
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17.10.2019

U.S. stock funds see first weekly inflow in a month

U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper.
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17.10.2019

Members of Los Angeles pension board ready to drop money manager Ken Fisher

Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about...
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17.10.2019

U.S. boutique banks woo French bankers in Paris advisory push: sources

Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers from France's most established advisory firms,...
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17.10.2019

Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he...
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17.10.2019

Your Money: Charitable granting soars even as tax changes transform giving

Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in...
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