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Current feed - Reuters: Wealth

Your Money: Make a paycheck checkup easier, despite the IRS
The Internal Revenue Service would like American taxpayers to look over their paystubs and make sure they are withholding the right amount - please.

Kuwaiti equities to be in main MSCI emerging markets index from 2020
MSCI Inc said on Tuesday it would upgrade Kuwaiti equities to its main emerging markets index in 2020, a move that could trigger billions of dollars of inflows from passive funds.

BofA commodity arm fined by DOJ for trading practices
Bank of America Corp's commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday.

Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others
Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central...

UK puts mini-bond regulation under spotlight after LCF collapse
Britain's finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the...

Natixis' H2O sells some illiquid debt to try to staunch outflows
H2O, one of French bank Natixis' asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money.

Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?
After years of using the internet, satellites, algos and other innovations to mine 'Big Data' for that edge over rivals, the world's biggest investment firm is trialing a gizmo that puts the focus...

U.S. judge tosses former SAC Capital trader's insider trading guilty plea
A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying...

HomeStreet defeats activist Roaring Blue Lion in proxy contest
HomeStreet Inc defeated Roaring Blue Lion Capital Management's campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the...

Highfields spinoff Solel Partners to start trading later this year
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...

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