Tag "3"

Hedge funds for masses lose shine as Goldman, Pimco see outflows

Flows into hedge fund-like mutual funds, a category that attracted almost a third of the money going into actively managed funds in the past six years, have slowed this year to the weakest pace since 2008. The strategies, which include non-traditional bond funds and alternative stock funds, attracted just $1.2 billion from investors in the first five months of 2015, according to Chicago-based Morningstar Inc., down from $39 billion last

Greek winning streak; Cigna spurns Anthem; Apple caves to Taylor Swift

Call it a Greek winning streak! European markets and U.S. futures jumping on indications a resolution to Athens’ financial crisis could be close at hand. Plus, thanks but no thanks. Health insurance giant Cigna spurns a marriage proposal from bigger rival Anthem. And after Taylor Swift threatens to leave a “blank space” with Apple’s new streaming service in a flap over royalties…the company blinks.

U.S. growth no longer lifting Asia exports

If you wanted to figure out where Asian exports were headed, U.S. manufacturing data used to be a logical place to start. The U.S. is buying more goods from neighbors such as Mexico instead of Asia, and the shale-gas boom has kept demand within the country, said Christy Tan, head of markets strategy for Asia at National Australia Bank Ltd. The recovery in the world’s biggest economy is also more