Money Headlines

Trial of former UBS executive dredges up Swiss banks' shady past

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By Francisco Alvarado, Zachary Fagenson and Joshua Franklin

Stock funds worldwide attract $20.4 billion inflows in latest week: BofA

NEW YORK - Investors worldwide poured $20.4 billion into stock funds in the week ended Oct. 29, the largest in more than a year, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

2:34pm EDT

How to donate to help fight Ebola

- Many charities are immersed in the fight to control the Ebola epidemic, but so far the donors have not come forward en masse - although scams already are emerging.

11:16am EDT

U.S. governmental accounting board takes on tax abatement programs

WASHINGTON - U.S. state and local governments would have to disclose how much revenue they stand to lose through tax breaks for economic development projects under requirements the Governmental Accounting Standards Board is considering.

How financial advisers can compete with algorithms

- In the last two weeks, both Charles Schwab Corp and Fidelity Investments unveiled so-called "robo" advice programs that offer free or very cheap algorithm-driven portfolio management to investors.

8:36am EDT

Hermes to close commodities business, joins flight from sector

LONDON - Hermes Investment Management on Friday joined an exodus of financial institutions from commodities, saying it planned to close its business in the sector due to difficulties in making returns and a shift in investor attitudes.

1:37pm EDT

Paulson & Co. PFR Gold Fund up 11 percent through September

NEW YORK - Hedge-fund manager John Paulson's $400 million PFR Gold Fund was up 11 percent year-to-date through the end of September, according to a person familiar with Paulson's firm.

12:46pm EDT

Hedge-fund tactics win fans in volatile market

LONDON/PARIS - Global money managers are turning to complex hedge-fund equity strategies as volatility surges, putting faith in their ability to profit from the kind of stock-price swings that have wrong-footed many investors in recent weeks.

11:15am EDT

Thu, Oct 30 2014

More investor activism expected, but returns likely lower - survey

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BOSTON - Activist investment campaigns such as the ones conducted by Carl Icahn, William Ackman and Daniel Loeb are expected to pick up in the next one to two years but returns at activist funds

30 Oct 2014

California plan seeks replacement to a Pimco unconstrained fund

NEW YORK - The $2.3 billion Sonoma County Employees' Retirement Association is conducting a replacement search for Pimco's unconstrained fixed-income fund, senior investment officer James Failor said on Thursday.

30 Oct 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.