Ackman says hedge fund up 27% year to date, dumped Berkshire
BOSTON (Reuters) - William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett's Berkshire Hathaway among other stocks.
Column: What COVID-19 is teaching us about how to reform Medicare
CHICAGO (Reuters) - The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness and death from the virus, the problems in our Medicare system that were evident pre-pandemic have come into especially sharp relief.
Starboard set to win eight board seats at GCP Applied Technologies-sources
(Reuters) - Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc
at the chemical company's annual meeting, people familiar with the matter said on Wednesday.
U.S. bank regulator finalizes new community lending rule
WASHINGTON (Reuters) - A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks.
Retirement services provider Human Interest extends funding round to $50 million
(Reuters) - Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during the coronavirus crisis.
Northern Trust shutting fund; an outlier or sign of future risk?
BOSTON (Reuters) - Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending on how the economy fares.
Your small business and COVID-19 questions, answered
NEW YORK (Reuters) - Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States.
U.S.-based stock funds post $3.2 billion weekly inflow: Lipper
(Reuters) - U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.
Florida business lender accused of accounting fraud settles with SEC
BOSTON (Reuters) - Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated the value of its private funds, according to a judgment on Wednesday entered in Miami federal court.