U.S. municipal bond funds post $1.3 billion in inflows: Lipper

July 19 (Reuters) – U.S. municipal bond funds reported $ 1.3 billion of net inflows in the week ended July 18, compared with $ 651 million in inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average remained positive at $ 535.4 million, said Lipper, a unit of […]

In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML

In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML

LONDON (Reuters) – Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week of inflows, Bank of America Merrill Lynch said on Friday. FILE PHOTO – A computer screen showing stock graphs is reflected on glasses […]

Sober in Sin City: Hedge funds focus on work at Las Vegas event

Sober in Sin City: Hedge funds focus on work at Las Vegas event

LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked “Sin City” celebrations and more on the grind of vetting fund managers. Hedge fund managers and investors meet at the Context Leadership […]

U.S. funds recommend switching cash into bonds in March: Reuters poll

U.S. funds recommend switching cash into bonds in March: Reuters poll

BENGALURU (Reuters) – U.S. fund managers switched recommended global portfolios slightly more in favor of bonds in March, in part on concerns trade barriers between the world’s two biggest economies may escalate to a broader trade war, a Reuters poll found. A specialist trader is reflected on his screen on the floor of the New […]

Global funds cut stock exposure to four-month low amid trade war fears

Global funds cut stock exposure to four-month low amid trade war fears

LONDON (Reuters) – Spooked by brewing trade tensions and a broad reversal in technology shares, global investors have cut their equity exposure to a four-month low this month while reducing their holdings of U.S. stocks to the lowest in nearly two years. Traders work on the floor of the New York Stock Exchange (NYSE) in […]

Stock-focused hedge funds post biggest gains among top performers

BOSTON (Reuters) – Hedge funds managers who bet on stocks scored some of the industry’s biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers. The annual list, released on Sunday, shows Steve Mandel’s Lone Pine Capital, John Armitage’s Egerton […]

Financier Tilton defeats lawsuit by Zohar funds she founded

NEW YORK (Reuters) – Lynn Tilton, the colorful New York financier recently cleared of wrongdoing in a U.S. Securities & Exchange Commission fraud case, won another legal victory on Friday as a federal judge dismissed a racketeering lawsuit by the Zohar investment funds she once managed. U.S. District Judge William Pauley in Manhattan said the […]

Biggest withdrawal in four months hits U.S. domestic stock funds: ICI

NEW YORK (Reuters) – U.S. fund investors walloped domestic equities with the most selling in four months, using the proceeds to buy cheaper stocks abroad that could thrive in a global economic expansion, Investment Company Institute (ICI) data showed on Wednesday. Nearly $ 9.6 billion tumbled out of funds focused on U.S. stocks during the […]

Hedge funds embrace machine learning—up to a point

Hedge funds embrace machine learning—up to a point

ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge […]