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Exclusive: Jana liquidates two hedge funds, to focus only on activism
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and...
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Proxy advisory firm ISS backs two dissident nominees in Luby's fight
Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby's Inc after the current board oversaw "alarming underperformance" at the...
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Citigroup allows hedge fund ValueAct more access
Citigroup Inc will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after...
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Investment bank Perella Weinberg plans to name Peter Weinberg as CEO: source
Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company's chairman, a person familiar with the...
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Third time may be a charm as Jeff Vinik relaunches hedge fund
Prominent investor Jeffrey Vinik is ready to manage money for outside clients again and plans to relaunch his hedge fund firm Vinik Asset Management after sitting out the last six years.
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Cash can beat stocks in returns and happiness
How bad was 2018 for investors? They pulled a record amount of money from stock and bond funds late in 2018 and tucked it into safe havens such as CDs, money market funds or U.S. Treasuries that...
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Saba Capital's Tail Hedge Master Fund gains 25 percent in 2018
Saba Capital's Tail Hedge Master Fund, which promises a sort of doomsday insurance through bets that perform well when markets spiral, ended 2018 with a 25 percent gain, a person familiar with the...
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Cruiser Capital targets Ashland directors, including chairman
Cruiser Capital Advisors said on Monday it wants to replace four directors at chemical company Ashland Global Holdings, including the board chairman.
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Bridgewater's Pure Alpha ends 2018 with 14.6 percent gain: source
Hedge fund giant Bridgewater Associates' flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse.
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First jobs: How to get started saving the planet
(The writer is a Reuters contributor. The opinions expressed are his own.)
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U.S. stock funds post record December withdrawals: estimate
Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on...
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Activist U.S. hedge funds hurt by late-year stock tumble
Widely followed activist investors Daniel Loeb, Barry Rosenstein and William Ackman suffered heavy losses in December, when fears about trade battles and slower growth sent stocks spiraling lower.
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Big claims strain senior living market for U.S. insurers
Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in...
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The unexpected moneymaker in 2018: euro zone government bonds
Economic optimists have for years been misguidedly predicting the twilight of the boring, safety-first bond market. And the year gone by was another one that proved them wrong, particularly in the...
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U.S. retirees try to keep cool as stocks tumble
Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of anxiety over the biggest December stock market rout since Herbert Hoover was president.
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Fidelity names tech executive Neff to run asset management
Fidelity Investments on Friday named technology executive Steve Neff to run its big asset management division, a move that shows the growing importance of data systems for fund companies.
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Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal
Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government...
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