FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake – D1BEUJAQKPAC/File Photo BOSTON (Reuters) – Paul Singer’s Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% for the year through the […]

CHICAGO (Reuters) – Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus. FILE PHOTO: A 3D-printed coronavirus model is seen in front of a U.S. flag on display in […]

NEW YORK (Reuters) – Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo The BarclayHedge currency traders index was […]

BOSTON (Reuters) – Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in. FILE PHOTO: Larry Robbins, Founder, CEO and Portfolio Manager for Glenview Capital Management, […]

WASHINGTON (Reuters) – Americans should start receiving direct payments from the U.S. government in mid-April to help them cope with the coronavirus pandemic, but some may not see the money until mid-September, according to a congressional committee. FILE PHOTO: A person in a mask walks on a nearly empty street in the coronavirus outbreak near […]

(Reuters) – Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields. spx The dividend yield on the S&P 500 now exceeds the yield on the benchmark 10-year U.S. Treasury by its highest margin in nearly five decades after a flight to safe-haven assets compressed […]

WASHINGTON (Reuters) – The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with knowledge of the discussions said. FILE PHOTO: The Wall Street sign is pictured at the New […]

NEW YORK (Reuters) – Coronavirus lockdowns might have caught a lot of people by surprise last month, but with April’s new billing cycle, it is time for cash-strapped Americans to rethink automatic spending habits. An empty gym is seen following the outbreak of coronavirus disease (COVID-19), in New York City, U.S., March 16, 2020. REUTERS/Jeenah […]

BOSTON (Reuters) – Multi-strategy hedge funds – those that bet on a broad array of markets using teams of traders, leverage and centralized risk management – have flourished as stocks ended their worst three months since the 2008 financial crisis. FILE PHOTO: Richard Schimel speaks during the Milken Institute Global Conference in Beverly Hills, California, […]

NEW YORK (Reuters) – 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 equity markets battered by the coronavirus pandemic. Weeks of asset price volatility may have pushed some fund managers to […]

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in […]

LONDON (Reuters) – Invesco said on Tuesday it would sell all the unquoted companies currently held in its UK equities portfolios and has marked down their value by 60% as a result of recent coronavirus-fueled market falls. The U.S.-based manager said it would reinvest the money in publicly listed companies, valuations of which have been […]

BOSTON (Reuters) – Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows. FILE PHOTO: Steven Cohen, chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May […]

NEW YORK (Reuters) – When the world feels like it is ending, it can be comforting to look to history and see that such global convulsions have happened before and the earth kept on turning. For help during the coronavirus crisis, Reuters turned to Carmen Reinhart, an economist and professor at the John F. Kennedy […]

FILE PHOTO: A LendingClub banner hangs on the facade of the the New York Stock Exchange in New York, New York, United States December 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative […]

BOSTON (Reuters) – Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and ultimately dissolve it, according to a letter sent to investors on Monday seen by Reuters. “As you are no doubt aware, financial […]

WASHINGTON (Reuters) – The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout that stems from fears the coronavirus will spark a global recession. FILE PHOTO: Jay Clayton, Chairman of the […]

BOGOTA (Reuters) – The National Liberation Army (ELN), the largest active guerrilla group in Colombia, will observe a unilateral cease-fire for one month from April 1 in an effort to help stem the spread of coronavirus, it said on Monday. Health authorities in the Andean country have reported 702 cases and 10 deaths of COVID-19, […]

FILE PHOTO: The floor of the New York Stock Exchange. New York, U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo BOSTON (Reuters) – After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of the credit market and other securities, sure the […]

NEW YORK (Reuters) – If you live in the United States and really want to be prepared for coronavirus, experts say you need a fully executed power of attorney, which designates a trusted person to take over your finances should you become incapacitated. FILE PHOTO: People hold hands as they walk along the river Main […]

FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Billionaire investor William Ackman said a CNBC television interview he gave last week was not designed to profit from any trades, […]

CHICAGO (Reuters) – The $2 trillion economic stimulus package racing toward passage in the U.S. Congress contains several important relief provisions for retirees, and for younger workers saving for retirement. A window illuminated with a red light shines above the U.S. Senate steps, ahead of a vote on the coronavirus (COVID-19) relief bill on Capitol […]

BOSTON (Reuters) – Talks between First United Corp and Driver Management to settle a fight for board seats at the bank holding company broke down when the activist investor rejected the offer, two sources familiar with the matter said on Thursday. “Your ‘best and final’ offer failed to meet what I clearly described as the […]

BOSTON (Reuters) – Lindblad Expeditions on Thursday said it named two independent directors backed by activist investment firm ValueAct Capital, which owns a nearly 10% stake in the adventure cruise company, to its board. New York-based Lindblad appointed Thomas Smith, a former chief executive of auction house Sothebys, and Sarah Farrell, an associate at ValueAct, […]

NEW YORK (Reuters) – Lily Reiche has lost nearly half of her dogwalking clients in Los Angeles because of California’s coronavirus stay-at-home order. Of the 40 or so accounts at My Dog Spot, which dried up because people are either working from home or have lost income, just five clients are continuing to pay. FILE […]

BOSTON/LONDON (Reuters) – The havoc wrought by the coronavirus crisis could give investors leverage to put new limits on CEO pay packages and link them more closely to a range of social and environmental issues at companies’ annual meetings this spring. FILE PHOTO: The Wall St. Bull is seen standing on a nearly empty Broadway […]

(Reuters) – The White House’s top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported goods to ease the pain of the economic shutdown caused by the coronavirus pandemic. FILE PHOTO: U.S. President Donald Trump takes questions during the coronavirus response daily briefing at the […]

BOSTON (Reuters) – A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S. regulatory filing. BNY Mellon said it provided capital support to the General New Jersey Municipal Money Market Fund […]

BOSTON (Reuters) – 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 people familiar with their plans said on Tuesday. Glenn Welling, who runs the $1.1 billion Engaged Capital, wants to […]

WASHINGTON (Reuters) – 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 through financial markets. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. […]

BOSTON (Reuters) – 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 Reserve shored up the industry. FILE PHOTO: An employee walks past a company logo at Northern Trust offices in […]

NEW YORK (Reuters) – The deepest U.S. stock market sell-off since the 2008 financial crisis is prompting some financial advisers to tell wealthy clients to hold steady or even increase their equity exposure if they have at least 10 years until retirement. FILE PHOTO: The final numbers of the day are displayed above the floor […]

NEW YORK (Reuters) – The first few days of staying at home for coronavirus seclusion with my two kids were chaotic, stressful and scary, much like they were for everyone else. FILE PHOTO: A playground at Ruskin Elementary School sits empty ahead of the statewide school closures in Ohio in an effort to curb the […]

NEW YORK (Reuters) – In scary times like these, it is comforting to talk to someone who has seen and studied a lot of things – booms, busts, and everything in between. FILE PHOTO: Robert J. Shiller, Sterling Professor of Economics at Yale University attends a session at the annual meeting of the World Economic […]

NEW YORK (Reuters) – When you see soda on sale at the supermarket, do you run screaming into the parking lot in a panic? Or do you buy six? A pedestrian walks on Wall St., as concerns about coronavirus disease (COVID-19) keep more people at home, in front of the New York Stock Exchange (NYSE) […]

BOSTON (Reuters) – U.S. prime money-market funds have lost more than 10% of their assets and the prospect of funds slowing customer redemptions is rising amid unprecedented market turmoil, top credit-rating agency Moody’s Corp said on Thursday. “The risk of funds imposing liquidity fees or gates has risen over the last week and will remain […]

CHICAGO (Reuters) – The breathtaking coronavirus-induced plunge of the stock market has unnerved retirement investors of all ages, but it poses special risks for people close to, or already retired. Unlike younger workers with many years ahead of earning and saving, older investors are less able to fall back on income from work and may […]

NEW YORK (Reuters) – Lives are on hold all over the world as we distance ourselves socially to contain the coronavirus, but bills still pile up. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration Some countries, like Italy and France, already enacted mortgage and rent relief, […]

FILE PHOTO: The day’s numbers are reflected above the floor of the New York Stock Exchange shortly before the closing bell in New York, U.S., March 17, 2020. REUTERS/Lucas Jackson NEW YORK (Reuters) – A tiny mutual fund that invests in companies that produce products and services for parents is the only fund among the […]

BOSTON (Reuters) – Billionaire investor William Ackman, who has long worried about the serious risks posed by the novel coronavirus, called on the Trump administration on Wednesday to seal off the United States for a month in a bid to curb the outbreak. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square […]

LONDON (Reuters) – A rush to sell global bonds in the past week has now rippled into the world of exchange-traded funds with some of the most actively traded seeing the most bulging gaps relative to the value of underlying holdings in years. Exchange-traded funds offer liquidity in different asset classes and have become in […]