Fri, Feb 12 2016
NEW YORK The sharp contraction in global stock markets over the last six weeks has been welcome news to fund managers who say that high prices kept them on the sidelines over the past year.
Bank of America Corp raised Chairman and Chief Executive Officer Brian Moynihan's compensation by 23 percent in 2015, a year the bank more than doubled its profits.
BOSTON Valiant Capital Partners, a hedge fund with ties to renowned investor Julian Robertson that has been closed to new investments since 2012, is raising fresh capital, a person familiar with the firm's plans said.
BOSTON Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid "calamitous" losses last year.
NEW YORK The global chief investment strategist for BlackRock Inc, the world's largest asset manager, on Friday described Japanese stocks as cheap and "arguably the most oversold" in financial markets.
BOSTON Billionaire investor Daniel Loeb's hedge fund Third Point took a new position in financial powerhouse Morgan Stanley during the fourth quarter, a new filing shows, weeks before the bank was battered in the broad-based stock sell-off this year.
BlackRock Inc's $1.9 billion Obsidian hedge fund recorded losses in January, suffering its worst start to the year in its nearly 20-year history, but the fund was narrowing those losses so far in February.
BOSTON Billionaire investor David Tepper's Appaloosa Management bet on the embattled energy sector during the fourth quarter, buying stocks including Kinder Morgan, Southwestern Energy Co., Freeport-McMoRan, and Williams Partners.
LONDON Equity funds chalked up their longest run of outflows since 2009 in the latest week and gold funds attracted the second biggest inflow in six years as the turmoil sweeping global markets continued, Bank of America Merrill Lynch said on Friday.
Thu, Feb 11 2016
NEW YORK Global stock markets are on their shakiest footing in years.
The former porn actress said she was 'extremely disappointed' Cruz pulled her from the campaign ad.