Wednesday, 1 May 2019

Einhorn's Greenlight Capital up 18.7% for year: source

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Einhorn's Greenlight Capital up 18.7% for year: source

Hedge fund manager David Einhorn, whose hedge fund Greenlight Capital suffered double digit losses, is up nearly 19 percent in the first four months of 2019, a person familiar with the numbers said on Tuesday.

Hedge fund Voce urges Argo to slash expenses, nominates five directors

An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive.

Most U.S. small business preparing for a recession: Bank of America survey

Small business owners around the country are preparing for a recession, according to a new survey by Bank of America Corp.

For investors, bloom is off Europe amid Brexit, yellow vest worries

Europe, long a major destination of investor capital, is losing luster, say prominent bankers and asset managers, who are reducing exposure to the area because of concerns about issues ranging from Brexit to France's "yellow vest" protests.

Fed's not yet done with U.S. rate hikes, says Guggenheim Global CIO

Federal Reserve policymakers have no reason to change U.S. interest rates anytime soon but will startle global markets by resuming rate hikes rather than pivoting to cuts, according to a leading Wall Street money manager.

Hedge fund Vor Capital secures investment from Borealis Strategic: sources

(This April 26 story corrects transposed performance data in sixth paragraph)

California synagogue shooting casts harsh light on mutual-fund darling Cloudflare

The gunmen accused of attacking U.S. synagogues and New Zealand mosques over the past six months brewed their ideas on online hate sites, pulling U.S. cyber-defense firm Cloudflare Inc into a debate on the balance between online speech and security.

Wealth clients willing to pay for financial advice, 33% switch providers: study

Wealth management clients are increasingly willing to pay for financial advice as their needs evolve, choosing an average of five providers, with one-third switching managers in the past three years, global wealth consultant EY said on Tuesday.

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