Tuesday 25 September 2018

Whistleblower tipped off GAM to director's behavior

Whistleblower tipped off GAM to director's behavior

GAM Holding said its decision to suspend a director in charge of absolute return bond funds in July, which triggered an investor exodus and a sharp fall in the company's shares at the time, was prompted by a tip from an internal whistleblower.

Column: Hedge funds, smelling Brexit blood, circle sterling

Hedge funds are betting big against sterling, the most since May last year. And following last week's Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record.

Activist hedge fund TCI cuts stake in London Stock Exchange

Activist hedge fund TCI has cut its stake in London Stock Exchange Group Plc, less than a year after its push to oust the stock exchange's chairman failed.

Putnam stares down hedge funds on big shopping mall bet

Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy.

Paulson launches alliance to seek better returns in gold sector

Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council.

U.S. bond market recession signal not far away, strategists say: Reuters poll

Short-dated U.S. Treasury yields will rise above longer maturities -- a reliable forecaster of recessions -- within two years and possibly in the next year, according to market experts polled by Reuters.

New U.S. tax law could create underpayment headaches for retirees

The U.S. Internal Revenue Service hoisted a big red-flag warning to retirees earlier this month: take a look at how much income tax you are paying throughout 2018, because the amount could need an adjustment in the wake of the new federal tax law.

Ultra-short obligation funds attract inflows ahead of Fed: Lipper

Investors took on a defensive approach ahead of next week's Federal Reserve meeting, pouring money into ultra-short obligation funds as well as equity and fixed-income exchange-traded funds, Lipper data showed on Thursday.

Your Money: What to learn from NFL rookies about getting rich quick

You could hardly design a worse scenario for smart money management than being a rookie in the National Football League. Young men in their early 20s, many from low-income backgrounds, are showered suddenly with millions of dollars, alongside teammates with millions of their own.

DoubleLine's Gundlach warns U.S. Treasury yields headed higher

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in a row.

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