Influential proxy advisory firm Glass Lewis on Monday said it is replacing its head of research and head of sales with two outsiders, marking another shakeup in its top ranks one year after its chief executive officer left.
In 'laggard rotation', emerging market equity funds turn winners: BofA
Global investors yanked almost $24 billion out of cash funds in the past week to redirect money into emerging markets, while slowing down on chasing the summer's winners, technology and gold, BofA's weekly fund flow statistics showed on Friday.
U.S. stock funds shed $6.2 billion outflow in last week: Lipper
U.S.-based stock funds posted $6.2 billion in outflows in the week to Wednesday, according to Lipper.
Global funds once again opt out of stocks, despite rally, Reuters polls show
Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls found.
Payment holiday parachute might COVID-proof government bonds, top fund says
The option of a one-time payment holiday during times of intense crisis might enable countries to pandemic-proof their bonds, a prominent debt fund believes.
EU watchdog flags harder line on cross-border funds management
Brexit safeguards to stop asset managers in Britain running "shell" investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc's securities watchdog said on Wednesday.
United States Oil Fund faces possible SEC action: filing
The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due to statements made after oil prices plunged into negative territory in April.
Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc .
Column: Trump tax deferral poses a bigger threat to Social Security than you might think
What happens to Social Security if we eliminate its funding?
Presidential Material: Life Lessons with Bellamy Young
The United States may not have had a woman president quite yet, but on TV it certainly has. One of those was Mellie Grant, the character played by Bellamy Young on the Shonda Rhimes hit “Scandal” before it ended last year.