Mutual Fund Center

Prophet Capital Asset Management LP, an investor in loans and structured credit securities with $2.5 billion in assets, has restructured a hedge fund that had been rocked by March's market turmoil, a company executive said on Friday.

Honest Capital LLC launched last year amid one of the most chaotic times in financial history, but its 88.4% returns far outpaced hedge fund peers and broad market indexes by focusing on smaller, less recognized stocks, according to a letter sent to investors this week.

* Citi to resume buybacks this quarter - Corbat (Adds comment from conference call, outlook, file photos available)

Dating app Bumble, which is backed by private equity firm Blackstone Group, on Friday made public its regulatory filing for an initial public offering, revealing steady revenue growth and higher operating costs that resulted in a loss.

Wells Fargo & Co posted a small rise in quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped buffer historic near-zero interest rates meant to prop up the ailing economy during the COVID-19 pandemic.

Goldman Sachs Group Inc said on Friday it expects to become the issuing bank for automaker General Motors Co's credit card business, starting September this year.

JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as it released some of the cash it had built up against coronavirus-driven loan losses, although the bank cautioned that demand for loans was likely to remain sluggish this year.

A number of large U.S. companies, including AT&T Inc, American Express and Dow Inc, have said they would cut off campaign contributions to those who voted to challenge President-elect Joe Biden's victory, with Republicans in the U.S. Congress facing growing blowback from Corporate America. Here is a list of companies along with their actions in response to the Capitol assault. Company Action American Expre