NEW YORK (Reuters) – Jana Partners LLC, based by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and can focus as an alternative on its major technique of investing in a handful of corporations and pushing administration to enhance their efficiency. FILE PHOTO – Barry Rosenstein, founder and managing Partner of JANA […]
Exclusive: City Financial’s hedge fund Decca to shut down – letter
LONDON (Reuters) – London-based fund agency City Financial and the chief funding officer of its Decca Fund, Shahraab Ahmad, have determined to wind down the credit score-targeted technique after it “did not deliver the performance that you expect of us”, in accordance to a letter to buyers reviewed by Reuters. City Financial was hit exhausting […]
Exclusive: World’s biggest gold ETF launching new low-fee fund – source
LONDON (Reuters) – The World Gold Council, proprietor of the world’s largest gold-backed trade traded fund (ETF), is launching a new fund with a reduce-worth administration payment to fend off rivals with decrease expenses, a source acquainted with the matter advised Reuters. FILE PHOTO: A vendor removes a gold accent from a glass case at […]
Exclusive: Investment star Alan Howard’s comeback hits headwind
NEW YORK (Reuters) – A fund managed immediately by Alan Howard, one among Britain’s greatest recognized buyers, misplaced almost 9.zero % internet of charges from May via December 2017, in response to info offered to Reuters by a spokesman for 2 New York City worker pension funds. The Brevan Howard AH Fund LP was launched […]
Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund
BOSTON (Reuters) – William Ackman is chopping virtually a fifth of employees and searching to decrease his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, individuals conversant in the transfer informed Reuters on Monday. The billionaire hedge fund supervisor, who lately suffered huge losses on […]
The Financial News Daily | BitcoinIRA.com Reviewed on CNBC in Exclusive Video
Bitcoin Press Release: Bitcoin IRA, a retirement fund supporting Bitcoin and Ethereum investments will get reviewed in an in-depth video produced by CNBC August 10, 2017, Los Angeles, CA – BitcoinIRA.com, the world’s first firm that permits buyers to buy Bitcoin and different crypto-currencies for his or her IRA or 401(okay) retirement accounts, broadcasts that […]
The Financial News Daily | NewsBTC Exclusive Interview with iDice Founder Jordan Wong
Jordan Wong is having a busy day at work. The recreation developer is just a few days away from launching the ICO marketing campaign of his recreation challenge, iDice. Our information of this new undertaking could be very little, however we’ve got a sure understanding about its potential consequence. An Ethereum challenge – in truth, […]
The Financial News Daily | AP Exclusive: The sad saga of North Korea’s ATMs
PYONGYANG, North Korea (AP) — No trendy airport terminal is full with out an ATM, and Pyongyang’s now has two. But they don’t work – as a result of of new Chinese sanctions, in response to financial institution officers – and… Continue studying at AP – Top International News ?SOURCE: Distressed Volatility – Read complete […]