Tuesday 27 November 2018

Campbell ends proxy fight with Third Point, adds directors

Reuters.com Newsletter

Campbell ends proxy fight with Third Point, adds directors

Campbell Soup and Third Point LLC settled their proxy contest on Monday by adding two of the hedge fund's nominees to the U.S. food company's board and giving the activist investor a say in selecting Campbell's next CEO, the company said.

How to do more good with your charitable dollars

Doing double the good with your charitable dollars sounds like a no-brainer, but investors are just starting to catch on.

DoubleLine's Gundlach: Now is the time for capital preservation

Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary pressures intensify.

Hedge fund Elliott raises pressure on Mitek after takeover bid rejected

Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called "poison pill" to let it buy more stock and said it may press for board changes after the software company took steps to protect itself from the activist investor.

Former energy executive David Crane is on a mission to save the planet

What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform itself by investing in solar power and electric vehicle charging networks.

Is impact investing too good to be true?

There is more to socially responsible investing than just avoiding stocks that are against your principles, whether it be guns or tobacco or bad environmental practices.

Hedge funds' historic bond bet swing suggests Fed close to cycle end: McGeever

A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is near the end of its rate-raising cycle.

Fidelity names tech executive Neff to run asset management

Fidelity Investments on Friday named technology executive Steve Neff to run its big asset management division, a move that shows the growing importance of data systems for fund companies.

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