- China, U.S. had 'constructive' trade talks in Washington: XinhuaChina and the United States had "constructive" discussions on trade in Washington, state news agency Xinhua said on Saturday. Read more »
- Tottenham Hotspur FC completes 637 million pound stadium refinancingTottenham Hotspur Football Club has completed a 637 million pound ($798.67 million) stadium refinancing package that included a bond issue to U.S. investors and a term loan, the company said in a... Read more »
- China drafts bar for net capital of banks' wealth management unitsChina released draft rules on net capital management of commercial banks' wealth management units on Friday, a follow-up move to regulate the risk of country's newly structured wealth management... Read more »
- Australian regulator loses landmark pension fund court battleAustralia's banking watchdog lost a landmark case on Friday after a court ruled it had not proved its case alleging wealth manager IOOF Holdings had breached pension laws. Read more »
- Private equity can still find 'diamonds in the rough': Apollo execPrivate equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. Read more »
- Firm advertised huge returns. It won an award in Monaco. The SEC calls it a fraudMediatrix Capital said its clients went five years without a single monthly loss. It said it won an award as top global asset manager for its returns over that time. A group in Monaco declared... Read more »
- Investor Netter pushes FSD to restructure or return cashInvestment manager Donald Netter is stepping up his battle with First Trust High Income Long/Short Fund (FSD) by asking the closed-end fund to restructure or give investors their money back because... Read more »
- Guggenheim's Minerd says aggressive Fed moves can delay recession, but not avoid itGuggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm's recession forecast model showed a 58% chance of the economy being in a recession by mid-2020, and a 77%... Read more »
- DoubleLine's Gundlach says U.S. Fed will embark on 'QE lite' 'pretty soon'Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that the repo market squeeze makes it more likely that the Federal Reserve will resume expansion of its balance sheet "pretty... Read more »
- Raymond James to pay $15 million for improperly charging investors: SECFinancial services firm Raymond James & Associates, a unit of Raymond James Financial Inc , has agreed to pay $15 million to settle charges it improperly charged advisory fees on inactive retail... Read more »
- Fund managers have not joined race into cheap, value stocks: BAML surveyFund managers have not piled into so-called value stocks, which have been shunned during the decade-long technology-led boom, even as shares in beaten-down companies have rallied over the past week,... Read more »
- U.S. value fund managers betting shift to value stocks won't lastThe massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. Read more »
- Prudential subsidiaries to pay nearly $33 million to settle disclosure charges: SECTwo Prudential subsidiaries have agreed to pay nearly $33 million to settle charges they failed to disclose conflicts of interest and made misleading disclosures regarding 94 insurance-dedicated... Read more »
- Morgan Stanley retains billing as top adviser in activist fights: Refinitiv dataMorgan Stanley ranked as the top financial adviser in activist campaigns during the first six months of 2019 while Goldman Sachs and Spotlight Advisors each added clients and tied for second place,... Read more »
- Investing green is all the rage, but benchmarks still hazyGlobal money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking... Read more »
- Billionaire investor Carl Icahn to leave New York for FloridaBillionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people... Read more »
- Climate change pushes U.S. fund managers to bet on AC makersRecord heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel... Read more »
- Woodford listed fund says administrator to cut valuation in another of its holdingsWoodford Patient Capital Trust, the listed trust run by under-fire money manager Neil Woodford, said its administrator Link Fund Solutions would cut the valuation of its stake in another of the... Read more »
- Blackstone raises $20.5 billion for largest ever real estate fundU.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. Read more »
- Words of Wisdom: Life Lessons with Salman RushdieMagic realism is a literary genre in which narrative is shot through with surreal, dreamlike, seemingly impossible moments. Read more »