 | | | | Saba Capital's Tail Hedge Master Fund, which promises a sort of doomsday insurance through bets that perform well when markets spiral, ended 2018 with a 25 percent gain, a person familiar with the fund's returns said on Tuesday. | | | | | | Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar. | | | | | | Cruiser Capital Advisors said on Monday it wants to replace four directors at chemical company Ashland Global Holdings, including the board chairman. | | | | | | Credit Suisse has settled a 2012 New York state lawsuit alleging misconduct over residential mortgage-backed securities (RMBS), with a source familiar with the deal saying the bank would pay much less than prosecutors had originally sought. | | | | | | Hedge fund giant Bridgewater Associates' flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse. | | | | | | (The writer is a Reuters contributor. The opinions expressed are his own.) | | | | | | Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on Thursday. | | | | | | Widely followed activist investors Daniel Loeb, Barry Rosenstein and William Ackman suffered heavy losses in December, when fears about trade battles and slower growth sent stocks spiraling lower. | | | | | |
