Wednesday, 15 July 2020

Chinese mutual fund industry sees jump in new funds and inflows

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Chinese mutual fund industry sees jump in new funds and inflows

China's mutual fund industry saw another massive jump in new products and subscriptions in June, suggesting the swift rally in mainland stocks has room to run further.

BlackRock cast tougher climate votes, environmentalists want more

BlackRock Inc released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its recent emphasis on the area.

Faced with COVID-19, highest number of Australians tap retirement funds since April

Australians asked to pull out more than A$5 billion ($3.5 billion) from their pension funds in the first week of July, the highest since the government granted early access to retirement savings to support a coronavirus-hit economy.

Mednax CEO, board directors replaced amid settlement with Starboard

Healthcare services company Mednax's stock price closed up nearly 4% on Monday after its founder and chief executive and several board members were replaced, half a year after activist investor Starboard Value began pressing for change.

Leaf Group investors allege CEO conflicts tainted strategic review

Six major investors in Leaf Group, pushing for the ouster of the content company's chief, said on Monday his strong ties with a board member compromised a recent strategic review of the operator of online brands.

Did Uncle Sam's virus aid help your credit score? Don't count on a loan

Rachel Levine, a New York-based office furniture saleswoman, lost her job in late March without any notice or severance pay when the coronavirus outbreak shut down most of the city. The married, 44-year-old mom is still out of work, unsure when or whether she will return to her previous job.

Hedge fund success shaped by launch size, strong first-year returns: data

Starting a hedge fund with more capital and scoring top first-year returns point to higher chances of survival in the often risky business, Goldman Sachs Group Inc said in research released on Friday.

Cannae, Senator hire D.F. King as solicitor in bid for CoreLogic

Cannae Holdings and Senator Investment Group, which are trying to buy property data and analytics company CoreLogic Inc, have hired a proxy solicitor, a source familiar with the matter said on Thursday.

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