Venture firm Benchmark raises new fund without early Uber investor: source

The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source...

from Reuters: Wealth https://reut.rs/2yB7h4t

Your questions on the lockdown and U.S. small business, answered

After closing their doors to prevent the spread of the coronavirus, many small businesses face an uncertain future following government-ordered lockdowns.

from Reuters: Wealth https://reut.rs/2Va3xzI

U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to...

from Reuters: Wealth https://reut.rs/3aD0AwM

U.S. activist investors Land & Buildings, Engaged raise new capital: sources

Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies beaten down by a historic market selloff, four...

from Reuters: Wealth https://ift.tt/2UMPj6z

U.S. SEC warns against illegal trading during coronavirus disruption

The U.S. securities regulator on Monday warned corporate executives against insider trading during disruption caused by the coronavirus, in an unusual statement that underscores the chaos coursing...

from Reuters: Wealth https://ift.tt/2UaTx8O

Fed's money market move lifts Northern Trust fund above key threshold

Liquidity at a $2.2 billion prime money-market fund run by Northern Trust Corp fell below the key 30% U.S. regulatory threshold twice last week, but rebounded above that level after the U.S. Federal...

from Reuters: Wealth https://ift.tt/2J6wx4q

Boaz Weinstein hedge fund up 33% after market plunge: letter

Boaz Weinstein's main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid market turmoil and bringing its year to date gain to 67%, according to a note sent to...

from Reuters: Wealth https://reut.rs/2ILDo3d

Senator hedge fund's founding duo to split; Klabin will leave firm

Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry's more profitable and durable professional marriages.

from Reuters: Wealth https://reut.rs/2SN7r09

Activist hedge fund Marcato Capital to shut down after drop in assets

Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on...

from Reuters: Wealth https://reut.rs/2s33OJ7

Exclusive: Hedge fund Citadel's commodities business up about $1 billion for the year - sources

Citadel's commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world's...

from Reuters: Wealth https://ift.tt/2DmfKHU

China unexpectedly keeps LPR lending benchmark unchanged in Oct

China on Monday unexpectedly kept unchanged its new benchmark lending rate, for the first time since its debut in August, suggesting Beijing is keen to avoid overly loosening monetary policy for fear...

from Reuters: Wealth https://ift.tt/2BtED3l

Fallout from money manager Kenneth Fisher's remarks tops $1 billion in lost assets

Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in...

from Reuters: Wealth https://reut.rs/33IbyNG

Iowa pension ends $386 million money management contract with Kenneth Fisher

A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in...

from Reuters: Wealth https://reut.rs/2J0ez3W

AT&T, Elliott in talks after activist campaign launched: sources

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar...

from Reuters: Wealth https://reut.rs/33AbPCa

Goldman wants traders to be more like dealmakers and coders

Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they...

from Reuters: Wealth https://reut.rs/2OWastB

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by...

from Reuters: Wealth https://reut.rs/32pHo1C

China, U.S. had 'constructive' trade talks in Washington: Xinhua

China and the United States had "constructive" discussions on trade in Washington, state news agency Xinhua said on Saturday.

from Reuters: Wealth https://reut.rs/2NquOev

Blackstone raises $20.5 billion for largest ever real estate fund

U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world.

from Reuters: Wealth https://reut.rs/2I3eBaP

Manulife profit beats on strength in Asia unit

Canada's largest insurer insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by strength in Asia unit, its biggest.

from Reuters: Wealth https://reut.rs/2ML7RBG

Australian financial watchdog proposes tighter terms for executive pay

Australia's financial-sector watchdog on Tuesday proposed new rules around remuneration after a public inquiry last year blamed flawed incentives for widespread wrongdoing in the industry.

from Reuters: Wealth https://reut.rs/2JKRN0Y