peterlimcitibank

[peterlimcitibank]

Column: What would private equity funds in 401(k)s mean for retirement savers?

Employer retirement plans are not known for their flashy investments - a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed income mutual...

source https://www.reuters.com/article/us-column-miller-retirement/column-what-would-private-equity-funds-in-401s-mean-for-retirement-savers-idUSKBN23J1JL?feedType=RSS&feedName=PersonalFinance

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

U.S. money market fund assets decreased by $24.84 billion to $4.668 trillion in the week ended June 9, the Money Fund Report said on Wednesday.

source https://www.reuters.com/article/us-funds-imoneynet/u-s-money-market-assets-decreased-in-latest-week-imoneynet-idUSKBN23H330?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Column: Spend or hoard? Fate of forced savings could define pandemic recovery - Mike Dolan

(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)

source https://www.reuters.com/article/us-global-policy/column-spend-or-hoard-fate-of-forced-savings-could-define-pandemic-recovery-mike-dolan-idUSKBN23A0TK?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Column: What COVID-19 is teaching us about how to reform Medicare

The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness and death...

source https://www.reuters.com/article/us-column-miller-medicare/column-what-covid-19-is-teaching-us-about-how-to-reform-medicare-idUSKBN2342LM?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Ackman says hedge fund up 27% year to date, dumped Berkshire

William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into...

source https://www.reuters.com/article/us-hedgefunds-ackman/ackman-says-hedge-fund-up-27-year-to-date-dumped-berkshire-idUSKBN2332QA?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Ackman says portfolio is up as much as 27%, sold Berkshire recently

Billionaire investor William Ackman told investors on Wednesday that his funds have gained as much as 27% this year and that the stocks he already owns are still cheap after the coronavirus sparked a...

source https://www.reuters.com/article/us-hedgefunds-ackman/ackman-says-portfolio-is-up-as-much-as-27-sold-berkshire-recently-idUSKBN2332QA?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Starboard set to win eight board seats at GCP Applied Technologies-sources

Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company's annual meeting, people familiar with the matter said...

source https://www.reuters.com/article/us-gcp-applied-tech-starboard/starboard-set-to-win-eight-board-seats-at-gcp-applied-technologies-sources-idUSKBN2332KT?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Northern Trust shutting fund; an outlier or sign of future risk?

Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending...

source https://www.reuters.com/article/us-northern-trust-moneyfund/northern-trust-shutting-fund-an-outlier-or-sign-of-future-risk-idUSKBN22W20X?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Retirement services provider Human Interest extends funding round to $50 million

Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during...

source https://www.reuters.com/article/us-human-interest-funding/retirement-services-provider-human-interest-extends-funding-round-to-50-million-idUSKBN22W2EM?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

U.S. bank regulator finalizes new community lending rule

A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks.

source https://www.reuters.com/article/us-usa-regulators-fair-lending/u-s-bank-regulator-finalizes-new-community-lending-rule-idUSKBN22W1QD?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Northern Trust shutting fund in latest prime money market stress

Northern Trust Corp said it will liquidate a $1.8 billion prime money market fund, one of a number to come under stress this year as investors withdraw cash.

source https://www.reuters.com/article/us-northern-trust-moneyfund/northern-trust-shutting-fund-in-latest-prime-money-market-stress-idUSKBN22W20X?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Your small business and COVID-19 questions, answered

Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States.

source https://www.reuters.com/article/us-health-coronavirus-smallbizchat/your-small-business-and-covid-19-questions-answered-idUSKBN22Q384?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

U.S.-based stock funds post $3.2 billion weekly inflow: Lipper

U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.

source https://www.reuters.com/article/us-usa-investments-mutualfunds/u-s-based-stock-funds-post-3-2-billion-weekly-inflow-lipper-idUSKBN22Q37A?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

US money market assets increased in latest week: iMoneyNet

U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday.

source https://www.reuters.com/article/us-funds-imoneynet/us-money-market-assets-increased-in-latest-week-imoneynet-idUSKBN22P2ZF?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Florida business lender accused of accounting fraud settles with SEC

Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated...

source https://www.reuters.com/article/us-hedgefunds-tca-sec/florida-business-lender-accused-of-accounting-fraud-settles-with-sec-idUSKBN22P2Y6?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

Global hedge funds post April gains but still negative for the year: data

Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages designed to fuel growth stalled by the...

source https://www.reuters.com/article/us-hedgefunds-april/global-hedge-funds-post-april-gains-but-still-negative-for-the-year-data-idUSKBN22J3GD?feedType=RSS&feedName=PersonalFinance

[peterlimcitibank]

U.S. stock funds shed $10.8 million in week: Lipper

U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper.

source https://www.reuters.com/article/us-usa-investments-mutualfunds/u-s-stock-funds-shed-10-8-million-in-week-lipper-idUSKBN22J37D?feedType=RSS&feedName=PersonalFinance