 | | | | The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended Wednesday, according to Lipper data released on Thursday. | | | | | | U.S. equity funds that were able to best weather the global economic upheaval from the coronavirus pandemic this year are turning to healthcare, e-commerce and electric vehicle stocks as they look ahead to 2021. | | | | | | Hedge fund manager John Paulson, whose multi-billion payoff on a bet against the overheated housing market a decade ago turned him into an industry superstar, will stop managing money for outside clients and turn his firm into a family office. | | | | | | More hedge funds went out of business during the first three months of 2020 than at any other time since 2015 as the coronavirus led to heavy losses and investors pulled out billions in assets. | | | | | | Cannae Holdings and Senator Investment Group, which are trying to buy CoreLogic Inc, said on Tuesday they own enough of the data and analytics firm to call a special meeting and that Bank of America is sure it can arrange financing for the deal. | | | | | | Funds that rode the market's rally to generate the highest second-quarter returns included those invested in assets such as mining stocks, energy and technology. | | | | | | Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought by COVID-19. | | | | | | Tina Smets had long thought about getting a college degree, but that seemed impossible. | | | | | |
