Column: What would private equity funds in 401(k)s mean for retirement savers?

CHICAGO () – Employer retirement plans are not known for their flashy investments – a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed income mutual funds that automatically rebalance to minimize risk as retirement approaches. FILE PHOTO: U.S. Dollar banknotes are seen in this photo […]

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Column: Spend or hoard? Fate of forced savings could define pandemic recovery – Mike Dolan

(The author is editor-at-large for finance and markets at News. Any views expressed here are his own) FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. /Dado Ruvic/Illustration/File Photo By Mike Dolan LONDON () – Many households have built up a stash […]

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Ackman says hedge fund up 27% year to date, dumped Berkshire

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. /Brendan McDermid/File Photo BOSTON () – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the […]

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Ackman says portfolio is up as much as 27%, sold Berkshire recently

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. /Brendan McDermid/File Photo BOSTON () – Billionaire investor William Ackman told investors on Wednesday that his funds have gained as much as 27% this year and that […]

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Starboard set to win eight board seats at GCP Applied Technologies: sources

() – Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc (GCP.N) at the chemical company’s annual meeting, people familiar with the matter said on Wednesday. While not all votes have been cast before Thursday’s annual meeting and the result could change, preliminary figures […]

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Northern Trust shutting fund; an outlier or sign of future risk?

FILE PHOTO: An employee walks past a company logo at Northern Trust offices in London, Britain August 1, 2019. /Toby Melville BOSTON () – Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending […]

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Retirement services provider Human Interest extends funding round to $50 million

() – Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during the coronavirus crisis. The San Francisco-based startup said the additional funding of $10 million was led by investment firm Glynn […]

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U.S. bank regulator finalizes new community lending rule

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. /Jeenah Moon WASHINGTON () – A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change […]

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U.S.-based stock funds post $3.2 billion weekly inflow: Lipper

() – U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper. U.S. taxable bond funds attracted $10.35 billion, the fifth straight weekly inflow, while money market funds drew $20.3 billion, Lipper data showed on Thursday. Reporting by Noel Randewich; Editing by Chizu Nomiyama Our Standards:The Thomson Trust […]

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Trump to tap ex-Glaxo exec, U.S. general for coronavirus vaccine effort

FILE PHOTO: U.S. President Donald Trump speaks during a coronavirus disease (COVID-19) outbreak response press briefing in the Rose Garden of the White House in Washington, U.S., May 11, 2020. /Kevin Lamarque WASHINGTON () – President Donald Trump is expected to tap a former GlaxoSmithKline executive and a U.S. general to spearhead the government’s effort […]

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Florida business lender accused of accounting fraud settles with SEC

BOSTON () – Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated the value of its private funds, according to a judgment on Wednesday entered in Miami federal court. The TCA entities, including its flagship TCA Global […]

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Global hedge funds post April gains but still negative for the year: data

BOSTON () – Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages designed to fuel growth stalled by the coronavirus outbreak, according to new data on Thursday. The HFRI Fund Weighted Composite Index climbed 4.8% last month, marking […]

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U.S. stock funds shed $10.8 million in week: Lipper

() – U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper. U.S. taxable bond funds attracted $11.9 billion, the fourth straight weekly inflow, while money market funds draw $32.8 billion, the tenth inflow in as many weeks, Lipper data showed on Thursday. Reporting by Alden Bentley; Editing […]

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Fund managers fish for dividend plays amid sharp cuts

NEW YORK () – Some dividend fund managers are wading back into the shares of battered railroad stocks, energy companies and other economically sensitive, cyclical names, even as a host of companies have slashed their payouts. Cyclical stocks were among the worst-hit S&P 500 sectors in March’s sell-off, with the group .SPLRCD losing as much […]

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Your unemployment questions, answered

NEW YORK () – U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and cash in on government aid. FILE PHOTO: A person walks by the entrance of the New York State Department of Labor […]

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US money market assets increased in latest week: iMoneyNet

NEW YORK, April 29 () – U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $74.71 billion to $4.515 trillion, while tax-free assets decreased by $2.02 billion to $137.21 billion, according to […]

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Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter

BOSTON () – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony Scaramucci wrote in a letter to clients, saying he was “embarrassed” by the loss. FILE PHOTO: Anthony Scaramucci, Founder and […]

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

FILE PHOTO: Bill Gurley, General Partner at Benchmark, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. /Brendan McDermid/File Photo () – 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 […]

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Securities group asks SEC to intervene for brokers in audit-trail database fight

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. /Jonathan Ernst/File Photo NEW YORK () – U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that they […]

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Top U.S. oil ETF plans to diversify investment in later-dated oil contracts

FILE PHOTO: Natural gas flares are seen at an oil pump site outside of Williston, North Dakota March 11, 2013. /Shannon Stapleton/File Photo () – The United States Oil Fund LP, the largest oil-focused exchange traded product (ETP) in the country, may begin investing in oil futures contracts expiring in several months, rather than just […]

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U.S. stock funds see third inflow in a row, high-yield corporate bond funds see record: Lipper

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. /Carlo Allegri () – Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt in the week that ended […]

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Column: Dropping Medicare age to 60? No more than a start in the right direction

CHICAGO () – In what now seems like a galaxy far, far away, Republican lawmakers routinely talked up the idea of raising the Medicare eligibility age from 65 to 67. In fact, we were in that galaxy just three years ago. FILE PHOTO: Participants hold signs as Democratic U.S. presidential candidate U.S. Sen. Bernie Sanders […]

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