Latest Investment management News

A woman wears a face mask as she walks past a GameStop store in Des Plaines, Ill., Thursday, Oct. 15, 2020. The latest battleground between the proletariat and the hedge funds serving the 1% isn’t on just any street. It’s on Wall Street. At least, that’s the view within an army of smaller-pocketed, optimistic investors who are throwing dollars and buy orders at the stock of video-game retailer GameStop. (AP Photo/Nam Y. Huh, file)

Smaller investors face down hedge funds, as GameStop soars

Jan. 25, 2021 9:04 PM EST

NEW YORK (AP) — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer. An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop — in direct opposition to a group of...

FILE - This Aug. 10, 2018 file photo shows Shakira performing in concert at Madison Square Garden in New York. The Board of Hipgnosis Songs Fund Limited, a U.K.-based investment company, has acquired 100% of Grammy-winning superstar Shakira’s music publishing rights.
Hipgnosis made the announcement Wednesday. Shakira’s catalog includes 145 songs, including “Hips Don’t Lie,” “Whenever, Wherever,” “La Tortura,” “She Wolf” and “Waka Waka (This Time for Africa).”  (Photo by Greg Allen/Invision/AP, File)

Shakira sells music publishing rights to UK company

Jan. 13, 2021 11:56 AM EST

NEW YORK (AP) — The Board of Hipgnosis Songs Fund Limited, a U.K.-based investment company, has acquired 100% of Grammy-winning superstar Shakira’s music publishing rights. Hipgnosis made the announcement Wednesday. Shakira’s catalog includes 145 songs, including “Hips Don’t...

FILE - In this Wednesday, April 23, 2003 file photo, a pair of Dr. Martens 1460 workboots, as interpreted by designers Michael & Hushi, are part of an exhibition of Dr. Martens boots in New York. The maker of Doc Martens boots, the chunky-soled footwear once championed by rebellious young people but now favored by celebrities like Rihanna, plans to sell shares to the public as the existing owners seek to profit from growth of the iconic brand. Dr. Martens Ltd. said Monday, Jan. 11, 2021 that current investors plan to sell at least 25% of their stake in an initial public offering on the London Stock Exchange. (AP Photo/Joe Kohen, file)

Chunky bootmaker Dr. Martens to sell shares to public

Jan. 11, 2021 9:23 AM EST

LONDON (AP) — The maker of Dr. Martens boots, the chunky-soled footwear once championed by rebellious young people but now favored by celebrities like Rihanna, plans to sell shares to the public as the existing owners seek to profit from growth of the iconic brand. Dr. Martens Ltd. said Monday that current...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Jan. 7, 2021. Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol. (AP Photo/Eugene Hoshiko)

Asian shares track Wall St rally on hopes for stimulus

Jan. 6, 2021 11:00 PM EST

Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol. As Congress reconvened after disruptions to the process for recognizing the outcome of the U.S. presidential election,...

FILE - This July 12, 2019 file photo shows the UnitedHealthcare headquarters in Minneapolis.  UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday, Jan. 6, 2021 that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among other offerings. (AP Photo/Jim Mone, File)

UnitedHealth to pay nearly $8B for technology company Change

Jan. 6, 2021 11:08 AM EST

UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among...

In this image taken from Jan. 5, 2021, video footage run by China's CCTV via AP Video, Lai Xiaomin, the former head of the state-owned China Huarong Asset Management Co.Ltd., attends court at the Second Intermediate People's Court of Tianjin in China. Lai has been sentenced to death for bribe taking in one of the harshest punishments for economic crimes in recent years. (CCTV via AP Video)

Former head of China state asset firm sentenced to death

Jan. 5, 2021 6:41 AM EST

BEIJING (AP) — The former head of state-owned China Huarong Asset Management Co. Ltd. was sentenced to death Tuesday for bribe taking in one of the harshest punishments for economic crimes in recent years. Lai Xiaomin, 58, was also found guilty by the Second Intermediate People’s Court of Tianjin...

FILE - In this Tuesday, May 26, 2020, file photo, trader Daniel Krieger signals a thumbs-up as he arrives at the New York Stock Exchange where the trading floor reopens. Good things came to fund investors who waited in 2020. But what a terrifying wait it was. (AP Photo/Mark Lennihan, File)

Painful as it was, patience paid off for investors in 2020

Dec. 31, 2020 10:10 AM EST

NEW YORK (AP) — Good things came to fund investors who waited in 2020. But, what a terrifying wait it was. Mutual funds and exchange traded funds of all stripes delivered strong annual returns, even better than usual. Consider the largest fund by assets, a core holding of many 401(k) accounts....

Lawyers seek relief for 'broken' convicted philanthropist

Dec. 25, 2020 11:19 AM EST

NEW YORK (AP) — Once worth nearly a billion dollars, opera-loving philanthropist Alberto Vilar is seeking financial relief from what his lawyers describe as a destitute existence following his 2018 release from prison. Vilar's lawyers told a Manhattan federal judge in a letter Thursday that Vilar is...

Australian firm to buy Kansas-based Waddell & Reed

Dec. 3, 2020 12:10 PM EST

OVERLAND PARK, Kan. (AP) — Waddell & Reed Financial, a Kansas investment and wealth management company, will be sold to an Australian firm for $1.7 billion. Macquarie Asset Management, an arm of Australia’s Macquarie Group, announced late Wednesday that it will buy all outstanding shares of...