Author Archives: Jurica Dujmovic
Trump to Meet With Business Leaders on Infrastructure
(Reuters) President Donald Trump plans to meet with a group of infrastructure business leaders at the White House on Wednesday, a person briefed on the meeting said. During his presidential campaign, Trump said he would push for a $1 trillion […]
Gundlach: Expect Federal Reserve To Hike ‘Until Something Breaks’
(Reuters) – Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession. Gundlach, […]
Watchdog to Ask US Lawmakers to Probe Icahn’s Role With Trump
(Reuters) A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels […]
Hedge Funds Are Bracing for a Market Selloff
(Bloomberg) U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead. Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become […]
Hedge Fund Sarissa Seeks to Replace Majority of Innoviva’s Board
(Reuters) Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company’s board. The company’s shares were up 3.1 percent at $12 in early trading on Tuesday. Innoviva, formerly Theravance […]
SEC’s ‘Hamilton’ Ponzi Case Expands to Dylan, McCartney, Harry Potter
(Reuters) Entertainment featuring Bob Dylan, Paul McCartney, The Rolling Stones and even Harry Potter are now part of a U.S. regulator’s expanded lawsuit accusing two New York men of running a Ponzi scheme centered on the resale of tickets to […]
Winton Capital’s Harding Pushes Back On Buffett Criticism of Industry Fees, Returns
(Reuters) – David Harding, founder of one of the world’s biggest hedge funds, on Friday defended his firm against Warren Buffett’s criticism of hedge fund fees last week. Multi-millionaire Harding said Buffett has a “habit of being right” but added […]
Winter Barbeques Lure Hedge Funds Bullish on Cattle
(Bloomberg) So much for the winter blues. It’s been so balmy across part of the U.S. that Americans have been firing up their grills at a time that’s usually better suited to sipping hot cocoa. U.S. consumers, buoyed by optimism […]
Gold Holds Steady on Safe-haven Demand, Weaker Dollar
(Reuters) Gold was little changed on Monday, supported by safe haven interest amid rising geopolitical tensions over North Korea and a weaker dollar. Investors are closely watching developments after the reclusive state fired four ballistic missiles into the sea off Japan’s northwest coast, days […]
China Cuts Growth Goal, Puts Focus on Reform and ‘Firewall’ Against Risks
(Reuters) China has cut its growth target this year as the world’s second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a “firewall” against financial risks. China aims to expand its economy by around […]
Deutsche Bank To Raise 8bn Euros, Plans Major ReorganizationDeutsche Bank To Raise 8bn Euros, Plans Major Reorganization
(Reuters) Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. The strategic revamp, decided at […]
Bridgewater’s Dalio Stepping Down From Co-CEO Position
(Reuters) – The world’s largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10-year transition plan led by founder Ray Dalio. Dalio, a billionaire with influential macroeconomic views, will no longer serve […]