Hedge fund Pagoda Asset Management shutting after four years -source

BOSTON (Reuters) – Hedge fund Pagoda Asset Management is shutting down at the end of the month, becoming the latest casualty in the $3.2 trillion industry after a period of sluggish returns, a source…

Ackman says Pershing Square Holdings up 0.1 percent this year

BOSTON (Reuters) – Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square…

Parents inch closer to college saving goals, study says

NEW YORK (Reuters) – When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals – as long as they reduce the amount of money they save,…

Cboe and BlackRock to launch corporate bond index futures

(Reuters) – Exchange operator Cboe Global Markets Inc said on Wednesday it has collaborated with the world’s largest asset manager, BlackRock Inc, to develop U.S. corporate bond index futures.

BlackRock may keep fees despite executive’s U.S. campaign donation: SEC

NEW YORK (Reuters) – BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich’s U.S. presidential campaign, according to a…

Sober in Sin City: Hedge funds focus on work at Las Vegas event

LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked “Sin…