Friday, 10 May 2019

Investors pull more than $20 billion from stocks on 'trade deal trauma': BAML

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Investors pull more than $20 billion from stocks on 'trade deal trauma': BAML

Global equities have seen outflows of $20.5 billion in the past week as "trade deal trauma" pushed more money into bonds, Bank of America Merrill Lynch said on Friday, the latest sign of how growing global trade tensions are roiling financial markets.

Scaramucci celebrates hedge funds in Vegas at SALT with less glitz

After a one-year pause, the hedge fund industry schmooze fest organized by Anthony Scaramucci, the investment manager who briefly served as President Donald Trump's communications director, returned to the Las Vegas strip this week.

TPG signs deal to takeover management of Abraaj's healthcare fund

U.S. private equity firm TPG said on Thursday it has signed a definitive agreement to takeover the management of a healthcare fund, previously managed by collapsed private equity firm Abraaj.

Berkshire takes $377 million charge tied to solar company that U.S. linked to fraud

Warren Buffett's Berkshire Hathaway Inc on Wednesday said a $377 million charge it incurred recently was tied to a solar generation company that U.S. authorities have linked to fraud.

Texas pension fund, PAAMCO Prisma back new hedge fund

Two major institutional investors are backing Cinctive Capital, a new hedge fund being launched later this year by industry veterans Richard Schimel and Larry Sapanski, people familiar with the matter told Reuters.

DoubleLine's Gundlach says new U.S. tariffs on China likely

Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on CNBC on Tuesday that he sees a better than 50% chance that new tariffs will happen.

Autism in the workplace: A spectrum of hiring choices

Like many transplants to Chicago, Chris Easton needed to adjust to winter after moving from Atlanta to take a job as a database engineer at the accounting firm EY.

PIMCO names Rene Martel as its head of retirement

Pacific Investment Management Co has named Rene Martel, a managing director at the Newport Beach, Calif.-based firm, as its head of retirement, a new role for the firm, a spokesman said Tuesday.

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