BlackRock plans environmentally conscious money market fund

BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for “socially responsible” investments, a filing with U.S. market…

Ashland settles proxy fight with hedge fund Cruiser Capital

Ashland Global Holdings and Cruiser Capital settled their proxy contest on Tuesday with a deal allowing the hedge fund to help select two new board members at the specialty chemicals company while…

Your Money: Baby boomer primer – Perfecting the art of giving art

Baby boomer art collectors have a problem: Their heirs may not know the difference a $100 print from a garage sale and a $1 million paradigm of Abstract Expressionism.

Asset managers brace for more job cuts amid market turbulence

Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry.

LJM Partners sues unnamed ‘manipulators’ it blames for volatility losses

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…

Investors punish poorly performing hedge funds by pulling billions

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 Friday show.

A.J. Gallagher’s ‘clean coal’ business draws ire of green investors

Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business…

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

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 Friday.