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Highfields spinoff Solel Partners to start trading later this year

5 days ago DieselGasoil Comments Off on Highfields spinoff Solel Partners to start trading later this year
BOSTON (Reuters) – Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, two people familiar with the matter said. Boston-based Solel, which is being launched by Read More

Your money: Buying or refinancing? The mortgage rate frenzy is back

1 week ago DieselGasoil Comments Off on Your money: Buying or refinancing? The mortgage rate frenzy is back
NEW YORK (Reuters) – Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home – or refinance. FILE PHOTO: Homes are seen under construction in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola “It’s amazing how many times a once-in-a-lifetime opportunity comes Read More

Wells Fargo parent is dismissed from lawsuit by Philadelphia, Baltimore

1 week ago DieselGasoil Comments Off on Wells Fargo parent is dismissed from lawsuit by Philadelphia, Baltimore
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith NEW YORK (Reuters) – Wells Fargo & Co was dismissed as a defendant in a lawsuit brought by the cities of Philadelphia and Baltimore, which accused large banks of conspiring to inflate interest rates for variable-rate demand Read More

Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid

1 week ago DieselGasoil Comments Off on Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid
(Reuters) – Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson’s Bay Co private as “woefully inadequate” on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer. The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last Read More

Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings

1 week ago DieselGasoil Comments Off on Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings
(Reuters) – Activist investor Land & Buildings Investment Management LLC said on Tuesday a C$1.74 billion go-private offer for Hudson’s Bay Co from chairman and other shareholders would likely not receive majority approval of remaining shareholders. The activist investor called the offer for the Canadian retailer “woefully inadequate” and asked the special committee of independent Read More

After Woodford fund suspension, focus turns to its stewards

1 week ago DieselGasoil Comments Off on After Woodford fund suspension, focus turns to its stewards
LONDON (Reuters) – The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. FILE PHOTO: Neil Woodford, founder and fund manager at Woodford Investment Management, is seen in this undated handout picture released on June 10, 2019. Jonathan Atkins/Handout Read More

Your Money: Millennials should shrug off annuities for now

1 week ago DieselGasoil Comments Off on Your Money: Millennials should shrug off annuities for now
NEW YORK (Reuters) – The days of guaranteed pensions from work are long gone, but can annuities make up the difference for millennials? Congress is on the cusp of passing retirement reform legislation that will open 401(k) plans to annuity products which guarantee lifetime income, alongside the more typical offerings of mutual funds, target-date funds Read More

Father Figures: Dad’s best financial advice

2 weeks ago DieselGasoil Comments Off on Father Figures: Dad’s best financial advice
NEW YORK (Reuters) – Fathers pass down many things to their kids, but not just genetic traits like eye color or hairlines. FILE PHOTO: Actor Rob Riggle attends the world premiere of “12 Strong” in Manhattan, New York City, U.S. January 16, 2018. REUTERS/Andrew Kelly/File Photo Another inheritance, perhaps the most impactful of all: Money Read More

Hedge fund Third Point calls on Sony to spin off semiconductor unit

2 weeks ago DieselGasoil Comments Off on Hedge fund Third Point calls on Sony to spin off semiconductor unit
(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. FILE PHOTO: Journalists wait for Sony Corp’s new President and Chief Executive Read More