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15.02.2019

Prominent investors stock up on eBay, then activists flex muscle

EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or...
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15.02.2019

Jeff Vinik offers fee cuts to help bring in cash for new fund

Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset...
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15.02.2019

Big hedge funds dumped China stocks, Apple as market tumbled

Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter,...
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15.02.2019

Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and...
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14.02.2019

U.S. fund investors charge into money market funds: Lipper

U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Lipper data...
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14.02.2019

Charlie Munger targets active managers, Elon Musk; praises China

Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court...
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14.02.2019

U.S. tax refunds down nearly 9 percent vs year ago: IRS data

The average U.S. tax refund under President Donald Trump's tax overhaul is down nearly 9 percent so far in this year's tax filing season, according to Internal Revenue Service data released on...
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14.02.2019

'Robo-adviser' Wealthfront launches cash account

Wealthfront, one of the largest digital wealth management firms known as "robo-advisers", said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on...
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14.02.2019

New York fund manager pleads guilty to Belize airport scam

A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in...
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13.02.2019

Slower growth no reason to quit China: Epoch's Van Valen

Slower overall growth is the new normal for China, but the globe’s second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen,...
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13.02.2019

Union Investment to buy 16,000 German apartments from Chinese firm: sources

German fund manager Union Investment is nearing a deal to buy about 16,000 German flats for roughly 2 billion euros ($2.3 billion) from a Chinese investor, people close to the matter told Reuters.
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13.02.2019

BlackRock hires former Fed official Fischer as an adviser: memo

BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world's largest fund manager said in a memo on Wednesday.
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13.02.2019

Ackman's hedge fund gains nearly 25 percent in early 2019

Hedge fund manager William Ackman told investors that his publicly traded portfolio has gained 24.7 percent this year, fueled by strong growth in Fannie Mae, Freddie Mac and Chipotle Mexican Grill...
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13.02.2019

Morgan Stanley's global head of macro trading in fixed income to retire

Morgan Stanley's global head of macro trading in the bank's fixed income division is retiring, according to a memo seen by Reuters.
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13.02.2019

Diversity in the 'man cave': Boardrooms gain women as minorities lag

In America's corporate boardrooms, diversity is making uneven progress: Women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table.
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13.02.2019

Qatar revamps investment strategy after Kushner building bailout

When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump's son-in-law, eyebrows were raised in Doha.
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12.02.2019

Blackstone to back ex-Eton Park partner with $150 million seed

Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday.
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12.02.2019

Fidelity, Schwab expand commission-free ETFs to over 500

Fidelity Investments, one of the world's largest investment managers, said on Tuesday it had expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs.
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12.02.2019

Wells Fargo's 2019 net interest income dependent on loan growth, deposits: CFO

Wells Fargo & Co expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth.
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12.02.2019

A bad omen? Emerging markets 'most crowded trade' for first time

Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch's survey for the first time in its history.
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