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    Exclusive: Blackstone's Hill hands hedge fund reins to McCormick
    Posted on Thursday January 18, 2018

    BOSTON (Reuters) - After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

    Families can pool resources for disabled in ABLE accounts
    Posted on Thursday January 18, 2018

    CHICAGO (Reuters) - TJ Rodriguez is 36 and cannot walk without a walker, but horse riding helps him build his strength.

    Your estate plan needs an update, even if it is new
    Posted on Thursday January 18, 2018

    NEW YORK (Reuters) - Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, thanks to new tax laws...

    Ex-Bank of America executive Malik to launch fund advisory firm
    Posted on Thursday January 18, 2018

    NEW YORK (Reuters) - Omeed Malik, a former Bank of America Merrill Lynch executive, is preparing to launch an advisory firm for hedge funds and other so-called alternative investment managers,...

    Nursing home study raises questions on Medicare managed care networks
    Posted on Thursday January 18, 2018

    CHICAGO (Reuters) - Managed care is the hot trend in Medicare, with the number of seniors enrolled in Medicare Advantage plans projected to soar over the coming decade. These plans offer simplicity...

    Oil specialist Westbeck to launch electric vehicle hedge fund
    Posted on Thursday January 18, 2018

    LONDON (Reuters) - Oil-focused hedge fund firm Westbeck Capital will enter new territory next month with an equities fund designed to tap into growing excitement over electric vehicles, according to...

    Bank of America takes tax hit, vows longer-term boost
    Posted on Thursday January 18, 2018

    (Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit...

    Wells Fargo's chief risk officer to retire
    Posted on Wednesday January 17, 2018

    (Reuters) - Wells Fargo & Co said on Wednesday Chief Risk Officer Mike Loughlin will retire, and a successor will be appointed in the next few months.

    Sovereign investor 2017 deal values down 24 percent at $72 billion
    Posted on Wednesday January 17, 2018

    LONDON (Reuters) - Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's (CIC) bumper $13.8 billion buy of warehouse firm Logicor, which...

    Cboe gets nod to challenge NYSE, Nasdaq for closing stock orders
    Posted on Thursday January 18, 2018

    NEW YORK (Reuters) - The Securities and Exchange Commission on Wednesday approved a proposal from No. 2 U.S. stock exchange operator Cboe Global Markets Inc to compete for end-of-day orders for...

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