Q&A: Hedge fund executive Simon Lorne talks Trump, Brexit and ‘Billions’

NEW YORK (Reuters) – Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant…

Millennials face grown-up financial realities

NEW YORK (Reuters) – Everyone has chuckled about millennial generation stereotypes: slackers hanging out in their parents’ basements, playing video games and binge-watching Netflix.

Wells Fargo board pays price for letting whistleblowers whistle in the wind

NEW YORK (Reuters) – Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained,…

Activist investor Elliott discloses stake in WS Atkins

LONDON (Reuters) – U.S. activist investor Elliott Capital Advisors said on Monday it had a 6.8 percent in British engineering and consultancy firm WS Atkins, a regulatory filing showed.

Investors not yet ruffled by looming government shutdown

NEW YORK (Reuters) – U.S. stocks have struggled since the timeline for the Trump administration’s pro-growth agenda came into question, but investors appear confident that next week’s deadline that…

U.S. fund investors taper Euro stock buying ahead of French vote

NEW YORK (Reuters) – Investors stocked up on safe-haven U.S.-based gold and bond funds ahead of France’s closely watched presidential election, while trimming purchases of European stock funds,…

Prudential’s Peters says risk-reward for junk bonds ‘not favorable’

NEW YORK (Reuters) – PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the “risk-reward is just not…

If Le Pen pulls off upset, French bank funding, and euro project, at risk: James Saft

(Reuters) – An unlikely Marine Le Pen victory in French presidential elections could set off a bank funding crisis that would have more power to torpedo the euro project than she might posses once…