Archive for Financial News

UBS Wealth closes U.S. equity overweight, favors emerging stocks

UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday.

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Category: PersonalFinance

Collapsed hedge fund Columna sues Permira-backed former managers

The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost…

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Category: PersonalFinance

Norway’s wealth fund extends ownership of New York real estate

Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.

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Category: PersonalFinance

Bridgewater warns of peak U.S. profit margins, lower stock prices

The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the world’s largest…

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Category: PersonalFinance

Corvex’s Meister likes Diamondback Energy after it bought Energen

Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the energy company bought a rival last year.

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Category: PersonalFinance

Starboard takes new position in KAR Auction Services

Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday.

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Category: PersonalFinance

Short European stocks still ‘most crowded trade,’ BAML survey shows

Short positioning on European equities was the “most crowded trade” for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found.

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Category: PersonalFinance

Meditate to the tax finish line

Stressed out by the tax deadline on April 15?

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Category: PersonalFinance

How to create connections at work in the age of isolation

If an overflowing inbox is killing your productivity at the office, you are not alone.

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Category: PersonalFinance

Australian wealth manager IOOF hit with class-action lawsuit

Australia’s embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure…

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Read more here: Australian wealth manager IOOF hit with class-action lawsuit

Category: PersonalFinance

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