Monday 28 October 2019

Fisher loses another $584 million from high-profile clients

Reuters.com Newsletter

Fisher loses another $584 million from high-profile clients

A Texas retirement system and Goldman Sachs Group Inc pulled a combined $584 million from Fisher Investments on Friday, after allegations that firm founder Ken Fisher made sexist comments at a conference.

Despite robot efficiency, human skills still matter at work

Artificial intelligence is approaching critical mass at the office, but humans are still likely to be necessary, according to a new study by executive development firm, Future Workplace, in partnership with Oracle.

After Ken Fisher no-show, LA pension system terminates his firm

The Los Angeles fire and police pension system voted to terminate Fisher Investments on Thursday over allegedly sexist comments made by founder Ken Fisher earlier this month.

U.S. stock funds post near $4 billion outflow: Lipper

U.S. equity funds shed $3.98 billion in the week ended Wednesday, according to data released by Lipper on Thursday.

Third Point confirms EssilorLuxottica stake, still talking with Sony: letter

Billionaire investor Daniel Loeb said on Thursday his hedge fund owns a $700 million stake in Ray-Ban maker EssilorLuxottica SA and is urging the company to "accelerate leadership transitions".

Vinik to shut down hedge fund, says raising cash 'much harder' than expected

Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived relaunch of his asset management firm.

U.S. money market assets increased in latest week: iMoneyNet

U.S. money market fund assets increased by $18.00 billion to $3.437 trillion in the week ended Oct 22, the Money Fund Report said on Wednesday.

Workers in pain: Employers take a new twist to prevent costly injuries

Your job does not have to be physically demanding to literally be a pain in the neck, or knee, or lower back.

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