UBS Wealth closes U.S. equity overweight, favors emerging stocks

FILE PHOTO: Mark Haefele, Global Chief Investment Officer of UBS Wealth Management attends the Reuters Investment Summit, London, Britain, November 16, 2017. REUTERS/Paul Hackett (Reuters) – UBS Global Wealth... Read more »

Collapsed hedge fund Columna sues Permira-backed former managers

LONDON (Reuters) – The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers... Read more »

Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources

SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge... Read more »

Norway’s wealth fund extends ownership of New York real estate

OSLO (Reuters) – Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to... Read more »

Bridgewater warns of peak U.S. profit margins, lower stock prices

(Reuters) – The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the... Read more »

Corvex’s Meister likes Diamondback Energy after it bought Energen

NEW YORK (Reuters) – Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the energy company bought a... Read more »

Starboard takes new position in KAR Auction Services

FILE PHOTO: Jeffrey Smith, CEO of Starboard Value LP speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,... Read more »

Short European stocks still ‘most crowded trade,’ BAML survey shows

LONDON (Reuters) – Short positioning on European equities was the “most crowded trade” for the second straight month in April, a survey of fund managers by Bank of America... Read more »

Short European equities still ‘most crowded trade’: BAML survey

FILE PHOTO: The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip LONDON (Reuters) –... Read more »

Meditate to the tax finish line

NEW YORK(Reuters) – Stressed out by the tax deadline on April 15? FILE PHOTO: A tax sign is pictured on an H&R Block tax office in Los Angeles, California,... Read more »