Latest Investment management News

FILE - In this Sept. 9, 2020, file photo, Citi Field is viewed at dusk before a baseball game between the New York Mets and the Baltimore Orioles in New York. Billionaire hedge fund manager Steve Cohen has agreed to purchase the Mets from the Wilpon family. The team announced the agreement on Monday, Sept. 14, 2020. The deal is subject to the approval of Major League Baseball owners. (AP Photo/Kathy Willens, File)

Billionaire hedge fund manager Cohen agrees to buy Mets

Sep. 15, 2020 11:44 AM EDT

NEW YORK (AP) — Billionaire hedge fund manager Steve Cohen has agreed to buy the New York Mets from the Wilpon and Katz families. The team announced the agreement on Monday. The deal is subject to the approval of Major League Baseball owners. A Cohen entity would control 95% of the team, with the Wilpon...

Passers-by walk past an empty restaurant, left, Wednesday, Sept. 2, 2020, in Boston. The spread of COVID-19 has forced people out of their normal routines and into quarantine. And while the majority of people are struggling rather than saving, some people have been able to stash more money away due to widespread closures. Avoiding restaurants, travel and other out-of-the-house expenses may have helped you accumulate some cash over the last few months.  (AP Photo/Steven Senne)

If doing less means saving more, try these 5 money moves

Sep. 7, 2020 10:15 AM EDT

The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop due to canceled travel, limited dining options and more time at home. If you’ve managed to end up with...

Hedge fund founder arrested in Neiman Marcus-linked case

Sep. 3, 2020 3:44 PM EDT

NEW YORK (AP) — A hedge fund founder was arrested Thursday on charges that he defrauded creditors of the luxury department store chain Neiman Marcus by pressuring an investment bank not to bid against his hedge fund in buying securities from the creditors. Marble Ridge Capital founder Daniel Kamensky, 47,...

FILE - In this Feb. 8, 2009 file photo, cranes off load containers at the Jebel Ali Port, in Dubai, United Arab Emirates. International port operator DP World reached a deal Thursday, Sept. 3, 2020, with one of Canada's biggest pension-fund managers to pour an additional $4.5 billion into their joint venture of ports and terminals. (AP Photo/Kamran Jebreili, File)

DP World, Canada fund to invest $4.5 billion in global ports

Sep. 3, 2020 10:12 AM EDT

DUBAI, United Arab Emirates (AP) — International port operator DP World reached a deal Thursday with one of Canada’s biggest pension-fund managers to pour an additional $4.5 billion into their joint venture of ports and terminals. The new capital signals a major push to expand and brings the total...

FILE - In this Dec. 13, 2019, file photo, Jennifer Lopez, left, and Alex Rodriguez sit courtside during an NBA basketball game between the Miami Heat and the Los Angeles Lakers in Miami. Rodriguez and Lopez have retained J.P. Morgan to represent them in raising capital for a possible bid for the New York Mets. The move was first reported by Variety and confirmed to The Associated Press by a person familiar with the decision who spoke on condition of anonymity because it was not announced. (AP Photo/Lynne Sladky, File)

A-Rod/J-Lo out of Mets' bidding amid report Cohen set to buy

Aug. 28, 2020 11:11 PM EDT

NEW YORK (AP) — Former major league star Alex Rodriguez and fiancee Jennifer Lopez have backed out of the bidding to purchase the New York Mets amid reports that the Wilpon family is finalizing a deal with billionaire hedge fund manager Steve Cohen. Rodriguez announced Friday night that despite “a...

Betting on European stocks as the global economy reopens

Aug. 27, 2020 6:18 PM EDT

LOS ANGELES (AP) — Much of Europe remains off limits to American tourists because of the pandemic, but the region is looking like an attractive destination for stock investors. While eurozone stocks remain in a slump relative to the U.S. stock market’s record-shattering rebound, they could be poised...

Japan's Takeda sells drugs subsidiary to US Blackstone fund

Aug. 24, 2020 5:18 AM EDT

TOKYO (AP) — Takeda Pharmaceutical Co. is selling its subsidiary in Japan focused on consumer healthcare to U.S. investment fund Blackstone Group. The deal, announced Monday by the Japanese drugs manufacturer, is valued at 242 billion yen ($2.3 billion), although the exact sales price will be determined...

FILE - In this Sept. 20, 2019, file photo, an American flag flutters in the breeze outside of the Sutter Medical Center in Sacramento, Calif. California's attorney general wants the power to block hospital mergers that he says would limit competition and drive up prices, setting up a fight in the state Legislature next week over the future of health care delivery in the nation's most populous state. Becerra has made health care costs a focus of his first term in office. Last year, Becerra settled an antitrust case against Sutter Health, one of the country's largest health systems for $575 million and a pledge from the system to halt some of its anticompetitive practices. (AP Photo/Rich Pedroncelli, File)

As more hospitals merge, California eyes stronger oversight

Aug. 23, 2020 3:26 PM EDT

SACRAMENTO, Calif. (AP) — Attorney General Xavier Becerra wants the power to block hospital mergers that he says would limit competition and drive up prices, setting up a fight in the state Legislature this week over the future of health care delivery in the nation's most populous state. Becerra can...

A man wearing a face mask amid the COVID-19 pandemic passes a mural of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Wednesday, July 22, 2020. Analysts say that in recent months the pandemic has helped suck away the opposition’s scanty momentum and bolster Maduro’s already strong hand. (AP Photo/Ariana Cubillos)

Venezuelan rebels sentenced to prison in failed beach attack

Aug. 14, 2020 9:20 PM EDT

CARACAS, Venezuela (AP) — A Venezuelan court has sentenced more than a dozen rebel soldiers to 24 years in prison for a failed beach attack alongside two former U.S. special forces members accused in the armed operation aiming to capture President Nicolás Maduro, officials said Friday. The ruling...

Virgin Australia planes are parked at terminal at Sydney Airport in Sydney, Wednesday, Aug. 5, 2020. Virgin Australia will cut about 3000 jobs as the airline struggles with the effects of the coronavirus pandemic. (AP Photo/Rick Rycroft)

Virgin Australia plans to shed staff under new US owners

Aug. 5, 2020 1:00 AM EDT

CANBERRA, Australia (AP) — Virgin Australia plans to scale down its operations under new U.S. owners and shed a third of its staff as the carrier adjusts to the pandemic, the nation’s second-largest airline said on Wednesday. The Brisbane-based company in April became the world’s largest...