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Exclusive Blackstones Hill Hands Hedge Fund Reins To Mccormick

BOSTON – After nearly two decades of growing Blackstone Group into the world’s biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill...

Lexus Infiniti Luxury Car Brands Test Ways To Fight Tesla German Rivals

DETROIT – Japanese luxury auto brands Lexus and Infiniti are using the Detroit auto show to test new ways to regain momentum against Germany’s prestige...

China Luxury Sales Rebound As Millennials Snap Up Cosmetics Handbags Report

SHANGHAI – China’s luxury goods market is back in fashion. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, rose at the...

Nyse To Launch New Nyse National Exchange In Second Quarter

NEW YORK – New York Stock Exchange parent Intercontinental Exchange Inc (ICE.N) (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second...

Greenlights Einhorn Bets On Brighthouse Makes Money On Gm

BOSTON – Hedge fund manager David Einhorn told investors on Tuesday that he made several new bets, including a “large” one on Brighthouse Financial,...

Legendary Us Investor Boone Pickens Closes Energy Hedge Fund After Setbacks

(Paragraph 6 of this JAN. 12 story has been corrected after HSBC said the Andurand Commodities Fund gained 2.2 pct in 2017, instead of losing 4.47 pct) By Jessica...

Us Socially Screened Funds Draw Second-biggest Inflows Ever

NEW YORK – U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in 2017, the category’s...

New Vanguard Ceo Buckley Says Indexing Fosters Competition

BOSTON – Vanguard Group Inc’s vast scale helps it promote efficient markets, its new chief executive said on Friday, pushing back on concerns the growth of...

Fields Of Gold Jana Seeks New Money Allies With Impact Hedge Fund

BOSTON – Wall Street investor Barry Rosenstein’s new impact investing fund aimed at serving environmental and social causes could, if he plays his cards...

Us Supreme Court Takes Up Challenge To Sec In-house Judges

– The U.S. Supreme Court on Friday agreed to hear a challenge to a key Securities and Exchange Commission practice – its use of in-house judges to enforce...