Computers boost Man Group first-half assets, shares up

LONDON (Reuters) - British hedge fund manager Man Group  said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher....

British hedge fund Man Group posts 5% rise in first-half AUM

LONDON (Reuters) - British hedge fund manager Man Group on Wednesday reported a 5% increase to its assets under management in the first half of 2019, even as it saw an increased outflow of client cash....

Karmic reckoning? Investors in activist hedge funds agitate for change

(Reuters) - Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds be more transparent about their investment ideas and charge less,...

Columbia Threadneedle names senior research director

(Reuters) - Columbia Threadneedle Investments, the asset management arm of Ameriprise Financial Inc, on Monday named Stuart Jarvis senior research director, to strengthen its global investments solutions team. Most recently, Jarvis was managing director in...

Invesco makes two appointments to investment solutions team in London

(Reuters) - Investment manager Invesco Ltd on Monday appointed Ali Zouiten and Derek Steeden to two newly created roles in its Invesco Investment Solutions team in London. Zouiten, most recently head of investments for product...

Swiss supreme court gives green light to UBS client data transfer…

LAUSANNE, Switzerland (Reuters) - Switzerland’s supreme court on Friday voted in favor of handing over historical data on over 40,000 UBS clients to French authorities in a landmark ruling. Three of the five judges voted...

Buffett’s Berkshire Hathaway raises stake in Bank of America

FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019....

Investors book profits from U.S.-based equity funds ahead of Fed…

(Reuters) - U.S.-based equity funds posted more than $8.4 billion of cash withdrawals in the week ended Wednesday, following two weeks of inflows, according to Refinitiv’s Lipper. The withdrawals came ahead of next week’s Federal...

ISS backs Icahn’s call for more shareholder say after Anadarko deal

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum Corp shareholders to ask management to let them weigh in on board and governance issues as the company buys rival Anadarko...

Your Money: Make a paycheck checkup easier, despite the IRS

(This June 26 story corrects the penalty rules to 100% of last year’s tax from 90% in paragraph 20) FILE PHOTO: A general view of the U.S. Internal Revenue Service (IRS) building in Washington...

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