Venture firm Benchmark raises new fund without early Uber investor: source

The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source...

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Elliott hedge fund gains in March, up 2.2% for year: client update

Paul Singer's Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% for the year through the first quarter, according to an update sent to clients on Friday and...

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U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to...

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LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads

LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders could pull back from...

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Prophet Capital to dissolve hedge fund amid 'extreme volatility'

Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and...

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BNY Mellon money fund gets capital infusion after 'shadow price' falls

A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S....

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U.S. activist investors Land & Buildings, Engaged raise new capital: sources

Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies beaten down by a historic market selloff, four...

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Fed's money market move lifts Northern Trust fund above key threshold

Liquidity at a $2.2 billion prime money-market fund run by Northern Trust Corp fell below the key 30% U.S. regulatory threshold twice last week, but rebounded above that level after the U.S. Federal...

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Boaz Weinstein hedge fund up 33% after market plunge: letter

Boaz Weinstein's main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid market turmoil and bringing its year to date gain to 67%, according to a note sent to...

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Senator hedge fund's founding duo to split; Klabin will leave firm

Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry's more profitable and durable professional marriages.

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Exclusive: Hedge fund Citadel's commodities business up about $1 billion for the year - sources

Citadel's commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world's...

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Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by...

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China, U.S. had 'constructive' trade talks in Washington: Xinhua

China and the United States had "constructive" discussions on trade in Washington, state news agency Xinhua said on Saturday.

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Blackstone raises $20.5 billion for largest ever real estate fund

U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world.

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Manulife profit beats on strength in Asia unit

Canada's largest insurer insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by strength in Asia unit, its biggest.

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Australian financial watchdog proposes tighter terms for executive pay

Australia's financial-sector watchdog on Tuesday proposed new rules around remuneration after a public inquiry last year blamed flawed incentives for widespread wrongdoing in the industry.

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Guggenheim defeats lawsuit claiming it siphoned annuity unit's cash for LA Dodgers

Guggenheim Partners won the dismissal of a lawsuit claiming it defrauded investors in a risky annuity, and siphoned cash for purposes including to help its billionaire chief executive Mark Walter buy...

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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...

from Reuters: Wealth https://reut.rs/2KxQzaS

UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management

Swiss lender UBS will sign a deal with Japan's Sumitomo Mitsui Trust for a wealth management tie-up in Japan, with the two aiming to establish a new company by 2021, the Japanese bank said on Friday.

from Reuters: Wealth https://reut.rs/2WovFfX

U.S.-based equity funds post $22 billion outflows amid trade tensions

Investors rattled by U.S.-China trade tensions pulled roughly $22 billion from U.S.-based equity funds in the week ended May 29, according to data released by Refinitiv's Lipper research service on...

from Reuters: Wealth https://reut.rs/2XnS26x