Fidelity names tech executive Neff to ru...

Fidelity names tech executive Neff to run asset management


Fidelity Investments on Friday named technology executive Steve Neff to run its big asset management division, a move that shows the growing importance of data systems for fund companies.

Eaton Vance's Gaffney sees opportunity in emerging market-denominated bonds

There are untapped opportunities in corporate debt securities denominated in emerging-market currencies, Eaton Vance's director of diversified fixed-income said at the Reuters Global Investment 2019...

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Tired of house calls, Alli Webb built a Drybar styling empire

A decade ago, Alli Webb was a hair stylist who made house calls, driving all over Los Angeles to shampoo, style, and blow-dry clients’ hair before big nights out.

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Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal

Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government...

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Wells Fargo plans 1,000 U.S. job cuts

Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.

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DoubleLine Capital LP warns on U.S. investment-grade bonds

DoubleLine Capital LP portfolio manager Monica Erickson has a problem. She thinks the investment-grade corporate bond market, which is her specialty, is the worst place to be for bond investors.

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U.S. big investors' best investment ideas for 2019

The best investment ideas for 2019 range from buying local currencies in emerging markets to picking up beaten-down casino stocks to holding on to bank loans, according to investors who appeared this...

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Third Point gains ISS, Glass Lewis support in Campbell proxy fight

Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb's hedge fund to make changes at Campbell Soup Co , including replacing some board members.

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How U.S. seniors on Medicare can bridge the gap in dental insurance

During a recent visit to my dentist, we got talking about his frustrations with Medicare. “It’s amazing - they have managed to eliminate teeth from the human body.”

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PG&E rout may be hitting hedge funds after raised bets before fire

Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp's tumbling share price after raising bets on the utility in the months ahead...

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Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Warren Buffett's Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services...

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Esplanade's Kravetz bullish on casinos, Apple; sees turbulence for discount stores

Strong U.S. consumer holiday spending will not boost retailers across the board but instead benefit winners like Apple Inc that have signature products, Esplanade Capital's Shawn Kravetz said at the...

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Ackman's Pershing Square exits Mondelez in favor of other bets

Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and...

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U.S. senators introduce bill to rein-in proxy advisers

Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which...

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How to make the most of your college tax breaks

All that tuition you pay has one silver lining: tax breaks.

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Boring is 'amazing' for steady returns: Epoch's Van Valen

The gains of internet-related stocks in recent years have cast a shadow over what a dull but steady income stream from dividends can do for investors.

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U.S. recession unlikely before 2020, and then 'wok' shaped

U.S. President Donald Trump may just escape having to grapple with a recession before the U.S. Presidential elections in 2020, with investors saying it is unlikely one will occur before then.

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Even after sell-off, Blackstone's Wien avoids gloom on U.S. stocks

U.S. stocks have been battered over the last few weeks but a senior executive at Blackstone Group LP, one of the world's most influential asset managers, said there is no cause to be overly worried...

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More pain in store for Italian bonds: NN IP CIO

Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment...

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Emerging debt, unlike most fixed income, not expensive: TCW's Foley

Emerging market debt is a rare fixed-income class that does not look too expensive, and could be an even more attractive investment if the U.S. dollar weakens, according to Penny Foley, portfolio...

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