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Some hedge funds face steep losses after betting on hot sectors
BOSTON, June 2 (Reuters) - Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when...
Goldman Sachs COO Waldron sees unprecedented shocks in economy
NEW YORK, June 2 (Reuters) - Goldman Sachs' (GS.N) President and Chief Operating Officer John Waldron said on Thursday the current economic turmoil is...
Bank of America’s Merrill Lynch to pay $15.2 mln to overcharged mutual fund customers
NEW YORK, June 2 (Reuters) - Bank of America Corp's (BAC.N) Merrill Lynch unit will pay more than $15.2 million to thousands of customers...
Countryside’s top shareholder urges company to find buyer after Inclusive bid
LONDON, June 2 (Reuters) - The biggest shareholder in British housebuilder Countryside Partnerships (CSPC.L) has urged the board to find a buyer for the...
Engine No. 1 rushes to back ESG disclosures at top companies
June 2 (Reuters) - Sustainability-focused hedge fund Engine No. 1 has backed 83% of shareholder resolutions on environmental, social and governance (ESG) topics at...
Foreigners pull out of Asian equities for fifth straight month in May
June 2 (Reuters) - Asian equities continued to witness foreign outflows for a fifth consecutive month in May, hit by concerns over monetary tightening...
AXA registers Shanghai fund unit as city seeks revival from COVID
SHANGHAI, June 2 (Reuters) - AXA Investment Managers has completed registration for a private fund unit in Shanghai, as Chinese regulators streamline processes to...
Julius Baer sells Fransad business to management
ZURICH, June 2 (Reuters) - Julius Baer (BAER.S) is selling Geneva-based wealth manager Fransad Gestion to its management team, the Swiss private bank and...
No Jubilee celebration for FTSE 100 dropouts Royal Mail and ITV
June 1 (Reuters) - Royal Mail (RMG.L) and broadcaster ITV (ITV.L) will lose their spots on Britain's benchmark FTSE 100 (.FTSE) equity index after...
Private equity industry like a Ponzi scheme, says Amundi CIO
LONDON, June 1 (Reuters) - The private equity industry has grown into a pyramid scheme that will create casualties in around three to five...
Stock rally not enough to save ARK from record 7-month losing streak
NEW YORK, June 1 (Reuters) - A sharp rally in the broad U.S. stock market over the last week in May was not enough...
U.S. corporate bonds post first positive monthly return this year
NEW YORK, June 1 (Reuters) - U.S. corporate bonds posted their first positive monthly return this year in May as easing inflation jitters alleviated...