 | | | | Investors withdrew $1.85 billion from U.S.-based equity funds in the week ended Wednesday despite strong stock market performance during the same period, according to Lipper data released on Thursday. | | | | | | A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth. | | | | | | The decision marked the end of an era: last month, the keepers of the Dow Jones Industrial Average removed General Electric Co, one of the original stocks included in the index when it was created in 1896. | | | | | | (The writer is a Reuters contributor. The opinions expressed are his own.) | | | | | | The fact that investors are siphoning money out of stocks is not helping gold, with the safe-haven asset suffering as people wary of a global trade war flock to the U.S. dollar. | | | | | | FM Capital Partners (FMCP), which manages money for sovereign wealth fund the Libya Africa Investment Portfolio (LAP), has won a London court case against its former chief executive officer (CEO) over allegations of fraud and corruption. | | | | | | (The opinions expressed here are those of the author, a columnist for Reuters.) | | | | | | Two managing directors overseeing alternative investments at Wilshire Funds Management quit the firm in June, a person familiar with the matter said on Tuesday, as employees appeared increasingly disgruntled about its lack of commitment to the sector. | | | | | | Morgan Stanley has promoted Ted Pick to head of its trading and investment banking businesses, the most recent elevation for an executive who has overseen several key initiatives at the Wall Street bank. | | | | | | BlueMountain Capital Management on Tuesday said it hired four portfolio managers to build out the hedge fund's new fixed-income strategy focused on relative-value investments in G7 government bonds, U.S. municipal bonds, agency ABS and emerging market debt. | | | | | | (The writer is a Reuters contributor. The opinions expressed are his own.) | | | | | |
