Archive for Financial News

Prominent investors stock up on eBay, then activists flex muscle

EBay Inc.’s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or…

…read more

Read more here: Prominent investors stock up on eBay, then activists flex muscle

Category: PersonalFinance

Jeff Vinik offers fee cuts to help bring in cash for new fund

Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset…

…read more

Read more here: Jeff Vinik offers fee cuts to help bring in cash for new fund

Category: PersonalFinance

Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

Warren Buffett’s Berkshire Hathaway Inc said it trimmed its stake in iPhone maker Apple Inc, its largest stock investment, and added positions in Canada’s Suncor Energy Inc and software company Red…

…read more

Read more here: Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

Category: PersonalFinance

Charlie Munger targets active managers, Elon Musk; praises China

Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court…

…read more

Read more here: Charlie Munger targets active managers, Elon Musk; praises China

Category: PersonalFinance

Big hedge funds dumped China stocks, Apple as market tumbled

Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley giants like Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter,…

…read more

Read more here: Big hedge funds dumped China stocks, Apple as market tumbled

Category: PersonalFinance

‘Robo-adviser’ Wealthfront launches cash account

Wealthfront, one of the largest digital wealth management firms known as “robo-advisers”, said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on…

…read more

Read more here: ‘Robo-adviser’ Wealthfront launches cash account

Category: PersonalFinance

New York fund manager pleads guilty to Belize airport scam

A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in…

…read more

Read more here: New York fund manager pleads guilty to Belize airport scam

Category: PersonalFinance

Qatar revamps investment strategy after Kushner building bailout

When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha.

…read more

Read more here: Qatar revamps investment strategy after Kushner building bailout

Category: PersonalFinance

Fidelity, Schwab expand commission-free ETFs to over 500

Fidelity Investments, one of the world’s largest investment managers, said on Tuesday it had expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs.

…read more

Read more here: Fidelity, Schwab expand commission-free ETFs to over 500

Category: PersonalFinance

A bad omen? Emerging markets ‘most crowded trade’ for first time

Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch’s survey for the first time in its history.

…read more

Read more here: A bad omen? Emerging markets ‘most crowded trade’ for first time

Category: PersonalFinance

%d bloggers like this: