Slower growth no reason to quit China: Epoch's Van Valen

NEW YORK (Reuters) – Slower overall growth is the new normal for China, but the globe’s second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen, who helps manage over $17 billion in assets. Van Valen, a managing director at Epoch Investment Partners, uses a risks-minimizing methodology focused on dividends. She […]

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Goldman Sachs, Point72 and others invest $44 mln in business credit startup Nav

NEW YORK, Feb 11 (Reuters) – Nav, a startup that gives small businesses free access to their credit reports, said on Monday that it had raised $44 million from investors including Goldman Sachs Group Inc, Point72 Ventures and Experian Ventures. CreditEase Fintech Investment Fund and Aries also participated in the round which was led by Goldman Sachs, the companies said. […]

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Reddit plans big investment round, valuation may hit $3B, report

Serena Williams’ real reason for starting to talk with Reddit co-founder Serena Williams’ husband Alexis Ohanian says he believes she wanted his tech advice for her website. Reddit is trying to keep its momentum going after touting its massive growth. Continue Reading Below According to TechCrunch, the social news site is currently raising $150 million to $300 million in a forthcoming […]

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U.S. corporate enthusiasm for France cools, survey shows

PARIS (Reuters) – A dimming economic outlook and massive street protests against President Emmanuel Macron have made France less attractive for U.S. companies with investments in the country, a survey showed. Firms from the United States are the single biggest source of foreign corporate investment in France and their confidence surged after Macron’s 2017 election on a reform platform. But […]

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Starboard buys $200 million stake in Papa John's, shares jump 9 percent

(Reuters) – Hedge fund Starboard Value LP has taken a $200 million stake in Papa John’s International Inc after the No. 3 U.S. pizza chain rejected a similar offer from the company’s founder, John Schnatter, according to the company and a regulatory filing. Papa John’s shares, which have tumbled nearly 40 percent in the last 52 weeks, jumped 9 percent […]

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The Safest Trade on Wall Street Is Entering the Danger Zone

Big-name funds are issuing words of caution that the safest trade on Wall Street, betting on low-volatility stocks to protect against market turmoil, is looking increasingly precarious. Legal & General Investment Management Ltd. and Barclays Investment Solutions are among those warning that billions of dollars flowing into the defensive strategy has made it overcrowded and expensive. Even as shares with […]

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UPDATE 1-U.S. fund investors slash $13.5 bln of stock holdings in latest week -Lipper

(Adds quotes, table) By Trevor Hunnicutt NEW YORK, Jan 31 (Reuters) – U.S.-based stock funds posted $13.5 billion of withdrawals in the week ended Wednesday, Lipper said on Thursday, as investors booked profits following the S&P 500 index’s best monthly performance since October 2015. The net outflow can be attributed to equity exchange-traded funds (ETFs), as equity mutual funds took […]

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U.S. bank trade group, Accenture and others back fintech startup Finxact

NEW YORK (Reuters) – Accenture Plc, SunTrust Banks Inc and the American Bankers Association, a trade group for U.S. banks, said on Friday that they had joined a $30 million investment round in Finxact, a startup that develops the back-end technology used by banks to process some transactions. Existing investors, including Live Oak Ventures, First Data Corp, Woodforest National Bank […]

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As U.S. Catholic churches struggle, their foundations' investments thrive

NEW YORK (Reuters) – Assets managed by U.S. Catholic foundations have more than doubled over the last three years, propelled by increased donations and stable market performance, according to a study by wealth advisory firm Wilmington Trust. The study showed U.S. Catholic foundations, set up by archdioceses and dioceses across the country, managed $9.5 billion as of the end of […]

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