Bhinneka News Online: JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon

Tuesday 30 January 2018

JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon

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Tuesday, January 30, 2018

JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon

NEW YORK (Reuters) - JPMorgan Chase & Co on Monday promoted Daniel Pinto and Gordon Smith to be co-presidents and co-chief operating officers, a move seen as heightening competition for the job of CEO held by Jamie Dimon.

Och-Ziff board member Barr quits amid battle over who will run firm

BOSTON (Reuters) - Och-Ziff Capital Management director William Barr is leaving the hedge fund's board at the end of the month, marking the first visible fallout from a battle over who will run the firm in the future.

U.S. pensions seen adding bonds, paring stocks: Wells Fargo

NEW YORK (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.

Alternative assets raised to 23 percent of sovereign investors' holdings: PWC report

LONDON (Reuters) - Sovereign wealth funds have increased their exposure to alternative assets such as private equity, property, commodities and infrastructure to almost a quarter of their overall assets, a report from PWC said on Tuesday.

U.S. stocks, VIX dance in tandem in break with history

NEW YORK (Reuters) - A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally has instead also driven up the anxiety factor in the market.

Och-Ziff hedge fund rebounds but succession, other issues linger

NEW YORK (Reuters) - Och-Ziff Capital Management Group LLC rode bets on Asian stocks and U.S. corporate mergers to strong returns in 2017 - its best showing in years - but remained challenged by succession planning, declining assets and a stagnant stock price.

U.S. wage growth, tax-bonuses spark shopping in retail stocks

NEW YORK (Reuters) - U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers who have struggled to remain relevant in the age of Amazon.

Goldman, Barclays, SocGen interested in Commerzbank unit: Handelsblatt

(Reuters) - Wall Street investment bank Goldman Sachs Group Inc, Britain's Barclays Plc and French lender Societe Generale SA are interested in buying the Equities, Markets and Commodities (EMC) division of Germany's Commerzbank AG, Handelsblatt reported on Thursday.

Ackman made new bet on Nike, Namvar to transition to advisory board

NEW YORK (Reuters) - Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nike last year that has already earned his portfolio a roughly 30 percent return.

Social Security online accounts: safe from identity theft?

CHICAGO (Reuters) - More than 34 million Americans now conduct business with the Social Security Administration (SSA) online - and with that shift comes an increased risk of identity theft.