U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc... Read more »

Northern Trust shutting fund; an outlier or sign of future risk?

FILE PHOTO: An employee walks past a company logo at Northern Trust offices in London, Britain August 1, 2019. REUTERS/Toby Melville BOSTON (Reuters) – Northern Trust Corp’s decision to... Read more »

Northern Trust shutting fund in latest prime money market stress

BOSTON (Reuters) – Northern Trust Corp (NTRS.O) said it will liquidate a $1.8 billion prime money market fund, one of a number to come under stress this year as... Read more »

Retirement services provider Human Interest extends funding round to $50 million

(Reuters) – Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50... Read more »

U.S.-based stock funds post $3.2 billion weekly inflow: Lipper

(Reuters) – U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper. U.S. taxable bond funds attracted $10.35 billion, the fifth straight... Read more »

Florida business lender accused of accounting fraud settles with SEC

BOSTON (Reuters) – Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that... Read more »

US money market assets increased in latest week: iMoneyNet

NEW YORK, May 13 (Reuters) – U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said... Read more »

U.S. stock funds shed $10.8 million in week: Lipper

(Reuters) – U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper. U.S. taxable bond funds attracted $11.9 billion, the fourth straight... Read more »

Global hedge funds post April gains but still negative for the year: data

BOSTON (Reuters) – Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages... Read more »

US money market assets increased in latest week: iMoneyNet

NEW YORK, May 6 (Reuters) – U.S. money market fund assets increased by $37.80 billion to $4.690 trillion in the week ended May 5, the Money Fund Report said... Read more »