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Funds News Headlines

Third Point to raise $400 mln for SPAC, Farley to run it

Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday.

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Republicans want special counsel to investigate Trump-Russia probe 'misconduct'

WASHINGTON A group of conservative Republicans, including some of U.S. President Donald Trump's closest allies in Congress, on Tuesday demanded the appointment of a second special counsel to investigate the Department of Justice investigation into Trump's campaign, Russia and the 2016 U.S. election.