Prominent investors stock up on eBay, then activists flex muscle
NEW YORK (Reuters) – 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 …
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Jeff Vinik offers fee cuts to help bring in cash for new fund
NEW YORK (Reuters) – 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 …
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Big hedge funds dumped China stocks, Apple as market tumbled
NEW YORK (Reuters) – Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets …
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Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle
(Reuters) – 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 …
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U.S. fund investors charge into money market funds: Lipper
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. fund investors added another …
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Charlie Munger targets active managers, Elon Musk; praises China
(Reuters) – 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 …
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U.S. tax refunds down nearly 9 percent vs year ago: IRS data
WASHINGTON (Reuters) – The average U.S. tax refund under President Donald Trump’s tax overhaul is down nearly 9 percent so far in this year’s tax filing season, according to Internal …
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‘Robo-adviser’ Wealthfront launches cash account
NEW YORK (Reuters) – 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 …
Read More New York fund manager pleads guilty to Belize airport scam
NEW YORK (Reuters) – 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 …
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Morgan Stanley’s global head of macro trading in fixed income to retire
A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – Morgan Stanley’s global head of macro trading in …
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