Jason Karp to shut hedge fund Tourbillon, focus on health and wellness

BOSTON (Reuters) – Hedge fund Tourbillon Capital Partners is shutting down after several years of poor returns, making it the third well-known fund to announce plans to close its... Read more »

Column: How to create a healthcare safety net for retirement

(This version of the October 3 column was refiled to correct “Has” to “HSA” in paragraph 5) FILE PHOTO: An emergency sign points to the entrance to Scripps Memorial... Read more »

Ackman’s Pershing Square unveils $900 million stake in Starbucks

NEW YORK (Reuters) – William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp (SBUX.O),... Read more »

Australia’s CBA hit with lawsuit over pension investments

SYDNEY (Reuters) – Law firm Slater & Gordon Ltd has filed a class-action suit against Commonwealth Bank of Australia seeking damages of more than A$100 million ($71 million) after... Read more »

Wall Street dealers absorb rising U.S. Treasury supply

(Reuters) – Wall Street’s bond firms are sopping up a growing amount of Treasury debt as the U.S. government seeks to fund a rising budget deficit stemming from the... Read more »

Activist investor Ackman unveils $900 million position in Starbucks

NEW YORK (Reuters) – William Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks Corp (SBUX.O) as he... Read more »

Column: Unfazed by record short U.S. bonds position, hedge funds gun for 3.50 percent – McGeever

LONDON (Reuters) – Hedge funds may have trimmed their record bet against U.S. Treasuries, as the latest data show, but the 10-year yield’s spike to fresh multi-year highs in... Read more »

Australia’s CBA to refund fees to dead client accounts in inquiry fallout

SYDNEY (Reuters) – Commonwealth Bank of Australia said on Tuesday it will refund fees taken out of dead client accounts and unwind a controversial system of charging customers commissions... Read more »

Canada’s CDPQ, Al Gore’s Generation buy majority stake in fintech firm FNZ

(Reuters) – Canada’s second-largest pension fund CDPQ and Generation Investment Management LLP said on Tuesday they were buying a majority stake in UK-based fintech firm FNZ in a deal... Read more »

Your Money: When strangers spill their financial secrets

NEW YORK (Reuters) – One recent Monday night in New York City, seven strangers sat around a dinner table sharing the biggest money secrets of their lives. One hundred... Read more »