Jeffrey Ubben's ValueAct Spring Fund, which invests in companies aiming to address environmental and social problems, is making a bet on an academic-turned-hedge-fund-manager who picks stocks based on how effective companies are as employers.
Revenues at the world's largest investment banks slumped to their lowest level for eight years in the second half of 2018, spoiling an otherwise improved year after a tough decade since the financial crisis.
U.S. President Donald Trump's decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the trade war between the world's two largest economies.
JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth.
Investor bullishness on U.S. Treasuries was at its strongest in about 2-1/2 years amid signs of slowing global economic growth and bets the Federal Reserve may halt the normalization of its balance sheet, a J.P. Morgan survey showed on Tuesday.
Julius Baer plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank.
Former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group are due to go to trial on Tuesday on charges they defrauded investors out of $1 billion.
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