Edition:
United States

Maiya Keidan

Pernod Ricard to meet activist Elliott ahead of earnings update - sources

Jan 15 2019

PARIS/LONDON Pernod Ricard will meet activist hedge fund Elliott this month as the family-backed spirits firm faces pressure to improve its margins, sources familiar with the situation said.

RPT-Pernod Ricard to meet activist Elliott ahead of earnings update -sources

Jan 15 2019

PARIS/LONDON, Jan 14 Pernod Ricard will meet activist hedge fund Elliott this month as the family-backed spirits firm faces pressure to improve its margins, sources familiar with the situation said.

Lottoland offer for Tipp24 raises stakes in German lottery battle

Jan 11 2019

LONDON/MUNICH Gambling company Lottoland said it was ready to offer up to 76 million euros ($88 million) for German lottery business Tipp24 in a move which could thwart the restructuring plans of Tipp24's owner Zeal Network .

Exclusive: Leading Brexit donors say Britain will reverse decision to leave EU

Jan 11 2019

LONDON Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and the United Kingdom will stay in the European Union.

Lottoland offer for Tipp24 raises stakes in German lottery battle

Jan 11 2019

LONDON/MUNICH, Jan 11 Gambling company Lottoland said it was ready to offer up to 76 million euros ($87.6 million) for German lottery business Tipp24 to try to thwart the restructuring plans of Tipp24 owner Zeal Network.

EXCLUSIVE-Leading Brexit donors say Britain will reverse decision to leave EU

Jan 11 2019

LONDON, Jan 11 Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and that the United Kingdom will stay in the European Union.

EXCLUSIVE-Leading Brexit donors say Britain will reverse decision to leave EU

Jan 11 2019

LONDON, Jan 11 Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and that the United Kingdom will stay in the European Union.

UK local authority pension schemes cut hedge fund bets

Jan 04 2019

LONDON Britain's top local authority pension plans have cut investments in hedge funds in favour of better-performing alternatives, a review of annual reports shows, adding pressure to an industry beset by weak performance, outflows and fund closures.

Exclusive: City Financial's hedge fund Decca to shut down - letter

Dec 21 2018

LONDON London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it "did not deliver the performance that you expect of us", according to a letter to investors reviewed by Reuters.

Macro hedge funds facing worst year since 2011, as promise turns to pain

Dec 20 2018

LONDONVicious but short-lived volatility spikes, spectacularly unsuccessful emerging market bets and a dollar U-turn have hit macro hedge funds hard this year, setting them up for the worst year in seven.

World News

U.S. raises pressure on Maduro via sanctions, aid airlift

The United States ratcheted up pressure on Venezuelan President Nicolas Maduro on Friday by sanctioning some of his top security officials and the head of the state oil company, and unveiling plans to airlift over 200 tons of aid to the Colombian border.