U.S. stock funds lose $2.6 billion in week: Lipper

(Reuters) – U.S. equity funds saw outflows of $2.6 billion in the latest week, according to Lipper. U.S.-based taxable bond funds attracted $7.9 billion in the week ended on... Read more »

Senator hedge fund’s founding duo to split; Klabin will leave firm

BOSTON (Reuters) – Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry’s more profitable and durable professional... Read more »

T. Rowe Price to place a bigger bet on stocks in retirement funds

BOSTON (Reuters) – T. Rowe Price Group Inc said on Thursday it would ratchet up the risk in its target-date retirement portfolios, boosting stock allocations to as much as... Read more »

YOUR MONEY: Family offices lead the way on impact investing

NEW YORK (Reuters) – When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only “do good” when he was actively... Read more »

SEC’s shareholder advice proposal draws ire from Republican hedge fund donors

NEW YORK (Reuters) – The U.S. securities regulator is on a collision course with powerful hedge funds executives, including former White House advisor Carl Icahn and Republican mega-donor Paul... Read more »

Top U.S. fund firms split over new limits on shareholder votes

BOSTON (Reuters) – Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like... Read more »

Billionaire Lawrence Stroll buys stake in Aston Martin

LONDON (Reuters) – Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of Aston Martin and rename his Formula One team after the 107-year-old company famed for... Read more »

Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuation

BANGALORE (Reuters) – SoftBank’s second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion,... Read more »

Sovereign wealth funds move mainstream, make less contrarian bets

LONDON (Reuters) – Sovereign wealth funds’ investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder... Read more »

New York State pension fund puts 27 coal companies under review

BOSTON (Reuters) – New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in... Read more »