Tuesday 25 June 2019

Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

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Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday.

UK puts mini-bond regulation under spotlight after LCF collapse

Britain's finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the collapse of investment firm London Capital & Finance (LCF).

Natixis' H2O sells some illiquid debt to try to staunch outflows

H2O, one of French bank Natixis' asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money.

Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?

After years of using the internet, satellites, algos and other innovations to mine 'Big Data' for that edge over rivals, the world's biggest investment firm is trialing a gizmo that puts the focus back on humans -- its own portfolio managers.

U.S. judge tosses former SAC Capital trader's insider trading guilty plea

A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea.

HomeStreet defeats activist Roaring Blue Lion in proxy contest

HomeStreet Inc defeated Roaring Blue Lion Capital Management's campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the activist investor, the company said on Thursday.

Highfields spinoff Solel Partners to start trading later this year

Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders' former boss, who ran hedge fund Highfields Capital, two people familiar with the matter said.

DoubleLine's Gundlach says Fed's 'pivot' is following bond market's lead

Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve's dovish turn in its policy statement on Wednesday took its lead from the bond market.

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