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Current feed - Reuters: Wealth

Investors continue four-week retreat from U.S. stock market
Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according to data...

'Toxic cocktail' brewing for U.S. asset managers: hedge fund investor Kass
Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be "the next group to feel...

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.

Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan
U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according...

Your money: Cosigning a student loan? Be prepared to pay
(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.)

Philly refiner defers retirement fund payments to employees: letter
Philadelphia Energy Solutions will defer retirement payments to union members until next year, the company said in a letter to the union last week, the latest sign the refiner is struggling to find...

Investors shun equities, pile into bonds in past week: BAML
Investors are neither extremely bullish nor bearish, according to Bank of America Merrill Lynch's gauge of market sentiment, as they weigh the impact of trade tensions between the United States and...

U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions
Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by...

Soros Fund Management increases stake in Tesla convertible bonds: filings
Billionaire George Soros' investment firm, Soros Fund Management Llc, raised its stake in Tesla Inc's convertible bonds due in 2021 by 17.5 million convertible bonds to 37.5 million convertible...

Big U.S. hedge funds regain ardor for FAANGs in first quarter: filings
Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.

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