The Zohar investment funds that once formed the financial base of Lynn Tilton’s $2.5 billion distressed investing empire have moved to oust her from control of some of the businesses involved in that empire.
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The former Credit Suisse CEO plans to launch a merchant bank with funds from a syndicate of Middle Eastern ultrawealthy families and state investment funds.
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A hedge fund titan of active investing, Steven A. Cohen, is making a bet on tiny investments in passive index funds with a $2 million investment in Acorns Grow, a millennial-focused app maker.
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Dallas police and firefighters are withdrawing hundreds of millions from their retirement plan following a series of investment blunders, heightening the risk that a major U.S. pension fund could run out of money.
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Currencies and shares in developing countries have taken a hit since Election Day, and Donald Trump’s version of making America great could keep them down.
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Abigail Johnson is succeeding her father as chairman of Fidelity Investments, solidifying her control of the Boston money manager, according to an internal memo seen by The Wall Street Journal.
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Concerns about a tax shock will indeed befall investors who hold fund shares in a nonqualified account, but there is no tax issue in a tax-qualified account.
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Puerto Rico’s largest mutual-fund bondholders have broken their silence in an ongoing $30 billion creditor standoff, underscoring tensions between the commonwealth’s traditional municipal investor base and the hedge funds now involved in its financial restructuring.
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The $1.1 billion Delaware Smid Cap Growth Fund and the $271.4 million Columbia Disciplined Small Core Fund plan capital-gains distributions above 30% of their net asset values, potentially bringing investors a big tax hit.
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Fund Fiend: More than dozen mutual funds anticipate making capital-gains distributions of more than 20% of their net asset values next month, leaving some investors exposed to a potentially big tax bite. Columnist Daisy Maxey explores the situation and what you can do.
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Oil future bounced off a three-month low, bolstered by speculation that members of the Organization of the Petroleum Exporting Countries are working out the details of a proposed cut in crude output.
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During her tenure, Mary Jo White struggled with political conflict from both Democrats and Republicans that slowed her agenda, and she ended up the latest target for critics who argue that Wall Street still gets off too easily when it violates the law.
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Steven A. Cohen, well known for his activist investing, is dabbling in in passive. Telis Demos, The Wall Street Journal. Taylor Weidman/Bloomberg Here are four of the most likely outcomes of the OPEC meeting. Myra Saefong, MarketWatch. GDP grew more than expected last quarter. Amey Stone, Barrons.com Why China is the biggest driver behind the […]
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