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Brazil’s Bradesco to buy Florida bank to focus on wealthy individuals

1 month ago DieselGasoil Comments Off on Brazil’s Bradesco to buy Florida bank to focus on wealthy individuals
SAO PAULO (Reuters) – Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately $500 million to buy BAC Florida Bank, which focuses on high-net-worth individuals in a move intended to close the gap with Brazilian rivals. The logo of Brazilian Bradesco bank is seen on a branch in Osasco financial centre, Read More

Brazil’s Bradesco to buy Florida bank in first international move

1 month ago DieselGasoil Comments Off on Brazil’s Bradesco to buy Florida bank in first international move
The logo of Brazilian Bradesco bank is seen on a branch in Osasco financial centre, Brazil, August 3, 2015. REUTERS/Paulo Whitaker SAO PAULO (Reuters) – Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately $500 million to buy BAC Florida Bank, which focuses on high-net-worth individuals. After the deal closes, Bradesco Read More

U.S.-based investment-grade corporate bond funds see 14th week of inflows

2 months ago DieselGasoil Comments Off on U.S.-based investment-grade corporate bond funds see 14th week of inflows
(Reuters) – Investors gravitated toward the higher-quality spectrum of the credit markets this week, as U.S.-based investment-grade corporate bond funds attracted about $374.5 million in net cash, their 14th consecutive week of inflows. According to Refinitiv’s Lipper research data on Thursday, investors sent roughly $16 billion in net cash to U.S. money-market funds for the Read More

Human hedge fund managers embrace robot-rival tools to amp returns

2 months ago DieselGasoil Comments Off on Human hedge fund managers embrace robot-rival tools to amp returns
BEVERLY HILLS, Calif. (Reuters) – Traditional stock-pickers in the hedge fund world have been struggling to justify their expenses and weak returns in recent years, as low-cost algorithmic funds have done better. Now, human managers are starting to embrace the technologies employed by their robot rivals to improve results. FILE PHOTO: U.S. dollar notes are Read More

Einhorn’s Greenlight Capital up 18.7% for year: source

2 months ago DieselGasoil Comments Off on Einhorn’s Greenlight Capital up 18.7% for year: source
BEVERLY HILLS, Calif. (Reuters) – Hedge fund manager David Einhorn, whose hedge fund Greenlight Capital suffered double digit losses, is up nearly 19 percent in the first four months of 2019, a person familiar with the numbers said on Tuesday. Greenlight gained 6.6 percent in April and is up 18.7 percent for the year, said Read More

Hedge fund Voce urges Argo to slash expenses, nominates five directors

2 months ago DieselGasoil Comments Off on Hedge fund Voce urges Argo to slash expenses, nominates five directors
BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive. Voce Capital Management LLC wants Argo shareholders to back its plan to double return on equity at Read More

Most U.S. small business preparing for a recession: Bank of America survey

2 months ago DieselGasoil Comments Off on Most U.S. small business preparing for a recession: Bank of America survey
(Reuters) – Small business owners around the country are preparing for a recession, according to a new survey by Bank of America Corp. More than two-thirds of business owners surveyed by the bank said they had taken steps to prepare for an economic downturn, including setting cash aside or planning to reduce expenses. Of the Read More

Voce says Argo ROE could double with cost cuts, nominates five directors

2 months ago DieselGasoil Comments Off on Voce says Argo ROE could double with cost cuts, nominates five directors
BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund said on Tuesday that insurance company Argo Group International Holdings Ltd could double its return on equity if it cut $100 million in costs, including millions spent on corporate jets and housing for its chief executive. Voce Capital Management LLC is asking Argo shareholders to install Read More

California synagogue shooting casts harsh light on mutual-fund darling Cloudflare

2 months ago DieselGasoil Comments Off on California synagogue shooting casts harsh light on mutual-fund darling Cloudflare
BOSTON (Reuters) – The gunmen accused of attacking U.S. synagogues and New Zealand mosques over the past six months brewed their ideas on online hate sites, pulling U.S. cyber-defense firm Cloudflare Inc into a debate on the balance between online speech and security. FILE PHOTO: A makeshift memorial was placed by a light pole a Read More