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LJM Partners sues unnamed 'manipulators' it blames for volatility losses

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NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM invested in complex derivatives that lost most of their value over Read More

Investors punish poorly performing hedge funds by pulling billions

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid BOSTON (Reuters) – Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Read More

Return of risk-on fuels worst government debt outflows since October: BAML

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid LONDON (Reuters) – Government bonds suffered the biggest weekly outflows since October last year as investors plowed money into emerging market and high-yield debt, Bank of America Merrill Lynch (BAML) said on Read More

Gulfport pledges share buybacks after hedge fund demand

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BOSTON (Reuters) – Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners. After the close of trading, Oklahoma City-based Gulfport announced plans to buy back $400 million worth of Read More

Your Money: The words and wisdom of Jack Bogle

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NEW YORK (Reuters) – America just lost a true giant in investing legend and Vanguard Group founder Jack Bogle. FILE PHOTO: A tribute to Jack Bogle, founder and retired CEO of The Vanguard Group, is displayed on the bell balcony over the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Finding the bright side in a graying U.S. workforce

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CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) FILE PHOTO: People walk their dogs along the beach after sunset in Cardiff, California, January 27, 2016. REUTERS/Mike Blake/File Photo Economists call it the “old-age dependency ratio” – a rough measure of the balance between people who work and Read More

Investors end 13 straight weeks of U.S. fund withdrawals

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Investors sweetened on financial markets in early January and ended a 13-week retreat from U.S.-based funds, the Investment Company Institute (ICI) said on Wednesday. U.S.-based stock mutual funds Read More

Guggenheim's Scott Minerd says Fed will pause to start 2019

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NEW YORK (Reuters) – The Federal Reserve is likely to hold its interest rate hikes on pause for the start of 2019 in order to stabilize markets, given economic growth is set to slow and financial conditions having tightened, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Wednesday. FILE PHOTO: Scott Minerd, Chairman Read More

Exclusive: Jana liquidates two hedge funds, to focus only on activism

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NEW YORK (Reuters) – Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance. FILE PHOTO – Barry Rosenstein, founder and managing Partner of JANA Partners LLC., Read More