NEW YORK (Reuters) - The recent selloff in emerging markets has provided investment opportunities not seen in years, Jeffrey Gundlach, executive of DoubleLine Capital, said on Tuesday, and he urged moving at least some money into emerging market bonds.
(Reuters) - A labor-backed group is stepping up pressure on Wells Fargo & Co to add an employee to a council that has the ear of the bank's board and management, arguing workers deserve a voice as Wells Fargo works to get past a damaging scandal over sales practices.
NEW YORK (Reuters) - Billionaire Bill Gross' bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from research service Morningstar Inc showed on Tuesday.
CHICAGO (Reuters) - It happens like clockwork each year. The trustees of Social Security and Medicare issue their annual reports on the programs' health, and doomsayers start talking about insolvency and bankruptcy.
NEW YORK (Reuters) - Two large investors in Ranger Direct Lending Fund, Oaktree Capital Management and LIM Advisors, said they would continue a push to elect their board nominees at the closed-end fund that announced it was winding itself down.
BOSTON (Reuters) - Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual fund company said on Friday.