Tuesday 28 May 2019

Asian renewable investment to overtake upstream oil and gas spending in 2020: Rystad

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Asian renewable investment to overtake upstream oil and gas spending in 2020: Rystad

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.

Asia's billionaires develop taste for boutique wealth managers

Growing demand by Asia's rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London.

New York court dismisses whistleblower's libel suit against UBS

A New York appeals court has dismissed a U.S. whistleblower's $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at least "substantially true".

First net inflows into global equities in 10 weeks: BAML

Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets.

D.E. Shaw's top shareholder activist Koffey leaves hedge fund

Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday.

Hedge fund manager David Tepper plans to send investors' money back

Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said on Thursday.

Why pessimism on Social Security could come back to bite millennials

Why does the word "old" come to mind for so many of us when the topic of Social Security comes up?  

Investors continue four-week retreat from U.S. stock market

Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according to data released Wednesday by the Investment Company Institute.

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