Money Headlines

Fri, Feb 12 2016

No fear here: growth managers buy tech, materials stocks in selloff

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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.

12 Feb 2016

Bank of America chief Moynihan gets 23 percent pay hike

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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.

12 Feb 2016

Exclusive: Hedge fund Valiant ready to take in some new cash

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.

12 Feb 2016

Loeb says Third Point raised short bets to avoid losses

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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.

12 Feb 2016

Top BlackRock strategist says Japanese markets are 'oversold'

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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.

12 Feb 2016

Loeb's Third Point hedge fund takes new stake in Morgan Stanley

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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.

12 Feb 2016

BlackRock's Obsidian fund narrows losses after horrid January

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.

12 Feb 2016

David Tepper's Appaloosa hedge fund makes bet on energy sector

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.

12 Feb 2016

Equity funds post longest run of outflows since 2009: BAML

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.

12 Feb 2016

Thu, Feb 11 2016

What's behind the global stock market selloff?

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NEW YORK Global stock markets are on their shakiest footing in years.

11 Feb 2016