(Reuters) – UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday.
By Svea Herbst-Bayliss and Jessica DiNapoli NEW YORK (Reuters) – Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the
By Svea Herbst-Bayliss and Jessica DiNapoli NEW YORK (Reuters) – Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a
By Helen Reid LONDON (Reuters) – Short positioning on European equities was the “most crowded trade” for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch
By Chris Taylor NEW YORK(Reuters) – Stressed out by the tax deadline on April 15? Yes, of course, there is an app for that.
HONG KONG (Reuters) – Bank of America Merrill Lynch appointed Joseph Fayyad and Tamao Sasada as country executives of Australia and Japan, respectively, an internal memo seen by Reuters said.
HONG KONG (Reuters) – Credit Suisse Group AG on Thursday named veteran banker Yves-Alain Sommerhalder as head of its newly-created Asia Pacific trading solutions business, which seeks to use market
By Beth Pinsker NEW YORK (Reuters) – Cash is king with young people, but it is not helping them build a credit history or boost their credit scores.
By David Randall NEW YORK (Reuters) – Investors pulled nearly net $7.5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, capping the largest two-week retreat from