(Reuters) Activist hedge fund investor RBR suggested outgoing GAM Holding Chairman Johannes de Gier consider bringing in a new chief executive at the Swiss asset manager, a source familiar with the meeting told Reuters. The meeting was also attended by […]

(FINalternatives) Macro hedge fund Prologue Capital has closed its doors after being on the wrong sides of large political events in 2016 and suffering client redemptions reportedly tied to poor performance. To read this article:

(Reuters) – David Harding, founder of one of the world’s biggest hedge funds, on Friday defended his firm against Warren Buffett’s criticism of hedge fund fees last week. Multi-millionaire Harding said Buffett has a “habit of being right” but added […]

(Bloomberg) So much for the winter blues. It’s been so balmy across part of the U.S. that Americans have been firing up their grills at a time that’s usually better suited to sipping hot cocoa. U.S. consumers, buoyed by optimism […]

(Reuters) Gold was little changed on Monday, supported by safe haven interest amid rising geopolitical tensions over North Korea and a weaker dollar. Investors are closely watching developments after the reclusive state fired four ballistic missiles into the sea off Japan’s northwest coast, days […]

(Reuters) China has cut its growth target this year as the world’s second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a “firewall” against financial risks. China aims to expand its economy by around […]

(Reuters) Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. The strategic revamp, decided at […]

(Reuters) – The world’s largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10-year transition plan led by founder Ray Dalio. Dalio, a billionaire with influential macroeconomic views, will no longer serve […]

(Bloomberg) Behemoth investment firms, from Fidelity to Vanguard to BlackRock, are locked in fierce competition to attract assets, even if that means dropping their fees closer to zero. The result has been increasing strain…. To read the entire article, click […]

(Reuters) U.S. specialty metals maker Arconic Inc said on Thursday it appointed former United Technologies Corp executive David Hess as an independent director on its board amid a proxy battle with hedge fund Elliott Management Corp. Arconic said Hess will […]

(Reuters) Avianca Holdings SA AVT_p.CN top shareholder, German Efromovich, said on Thursday that a deal between Avianca and United Continental Holdings Inc (UAL.N) “will happen,” despite a lawsuit aimed at blocking the deal filed by the airline’s No. 2 shareholder […]

(Reuters) Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in […]