• More hedge funds closed than started globally in 2017

    BOSTON (Reuters) – More hedge funds closed their doors than opened up in 2017, according to global research released on Friday, but the pace of liquidations slowed as the industry attracted

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  • Funds ask Aviva to make clear preference shares are irredeemable

    LONDON (Reuters) – Six large institutional investors said on Friday that Aviva’s decision to drop plans to cancel its preference shares addressed most of their concerns, but added issuers

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  • Bank of America pays $42 million fine in New York ‘masking’ probe

    NEW YORK (Reuters) – Bank of America Corp (BAC.N) will pay a $42 million fine and admitted wrongdoing to settle claims by New York’s attorney general that it fraudulently routed clients’

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  • Hedge fund Glenview ups stake in Sharpie maker Newell Brands

    BOSTON (Reuters) – Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie

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  • Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

    (Reuters) – Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank’s lackluster performance in 2017.

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