Photos of the week

Our top photos from the past week.

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Einhorn's Greenlight up 5.7 percent for year after strong July: source

BOSTON (Reuters) - Billionaire investor David Einhorn's Greenlight Capital added strong gains in July which helped increased the fund's gains for the year since Jan. 1 to 5.7 percent after the stock...

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Multi-manager hedge funds suffer losses in first-half 2016

BOSTON/NEW YORK (Reuters) - It only took six months for some of the world's most prominent team-based hedge funds to go from winners to losers.

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Italy's Monte dei Paschi says rescue plan backed by underwriters

MILAN (Reuters) - Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros...

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DoubleLine's Gundlach says investors in a 'world of uber complacency'

NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and the firm continues to hold gold and gold miner stocks.

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Minnesota judge denies claims of 29 would-be heirs to Prince estate

(Reuters) - A Minnesota judge dismissed claims from 29 would-be heirs to the estate of the late pop star Prince, strengthening the inheritance claims of the performer's surviving siblings, court records released on Friday showed.

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Berkeley study finds scarce evidence of market 'front-running'

NEW YORK (Reuters) - Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis' bestseller "Flash Boys" that retail investors are...

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Investments in online lenders fall 44 percent as investors shy from risks

SAN FRANCISCO (Reuters) - Investments into online lending platforms have fallen sharply this year, according to a new report, largely a reaction to the woes at Lending Club and increased regulatory...

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Currency-predicting ETFs lag behind international stock funds

NEW YORK (Reuters) - Algorithms are proving to be poor at timing currency markets, if a group of new exchange-traded funds is any indication.

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Traders pare U.S. rate-hike view on weak GDP data

NEW YORK (Reuters) - U.S. interest rate futures rose on Friday as data on weaker-than-forecast economic growth in the second quarter led traders to roll back expectations of a U.S. rate increase from...

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Bill Cosby drops remainder of federal suit against accuser

(Reuters) - Comedian Bill Cosby on Thursday dropped the remaining counts of a lawsuit he filed against one of the women accusing him of sexual assault, along with several others, claiming they violated the terms of a confidential settlement in another lawsuit.

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Big U.S. brokerages chase the rich in departure from retail roots

NEW YORK (Reuters) - Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory...

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Bill Gross' co-manager to move to new Janus bond ETF

NEW YORK (Reuters) - Janus Capital Group Inc on Thursday said it plans to launch its first bond exchange-traded fund this year, shifting legendary bond investor Bill Gross' co-manager into a new role.

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Monte dei Paschi scrambles to ready bailout plan by Friday

LONDON/MILAN (Reuters) - Italy's Monte dei Paschi di Siena,, which is scrambling to put together a privately backed bailout, suffered a setback on Thursday when three banks turned down a request to...

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LPC: Firms refinance CLO step-up tranches to avoid interest rate increase

NEW YORK (Reuters) - At least seven Collateralized Loan Obligation (CLO) managers have refinanced funds so far this year to cut spreads on Triple A tranches with coupons that can step up to more than...

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Bridgewater defends culture after ex-employee files complaint

BOSTON (Reuters) - Bridgewater, the world's largest hedge fund, described its culture as a "real idea meritocracy" on Thursday and said it had made clients $1.3 billion so far this year in a rare...

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Q&A: Big ideas about life lessons with Donny Deutsch

NEW YORK (Reuters) - Donny Deutsch pops up pretty much everywhere in the American mediascape.

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Vanguard to close booming dividend growth fund to new investors

BOSTON (Reuters) - Vanguard Group said on Thursday it is closing its $30 billion Dividend Growth Fund to new investors as a protective measure.

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British savers unlock more than 6 billion pounds from retirement pots

LONDON (Reuters) - British pensioners have unlocked more than 6 billion pounds ($7.89 bln) of cash from their retirement savings since landmark pension freedoms were introduced 15 months ago, the...

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U.S. consumer agency seeks to overhaul debt collection industry

WASHINGTON (Reuters) - The U.S. watchdog for consumer finances unveiled on Thursday a major proposal to toughen regulation of the multibillion-dollar debt collection industry, with a focus on keeping...

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AllianceBernstein says will not proceed with Visium deal

(Reuters) - Asset manager AllianceBernstein Holding LP said on Wednesday it will not proceed with a deal to buy a fund from hedge fund Visium Asset Management LP.

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China's Fosun nears Brazil fund purchase, source says

SAO PAULO (Reuters) - Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source familiar with the matter said on Wednesday, in what would be...

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Beekeeping is all the buzz in New York City

(Reuters) - While in other parts of the world honeybees have been creating a buzz because of their rapid decline, in New York their population has been soaring for the past few years, literally.

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Distressed debt diva Lynn Tilton speaks out on ‘unfair’ SEC trial: Frankel

NEW YORK (Reuters) - Lynn Tilton, the flamboyant financier sued by the Securities and Exchange Commission last March for allegedly defrauding investors in three distressed debt funds, accused the...

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When politics blinded hedge fund managers: James Saft

(Reuters) - Call it Obama derangement syndrome or call it principled objection to monetary and fiscal policy, but Republican-leaning equity hedge funds got their heads handed to them in 2008 and 2009.

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Your Money: Before disaster strikes, know your benefits

NEW YORK (Reuters) - Vacation warriors return from trips with lasting memories and great photos, and often some unwanted trophies - sprained ankles, tennis elbows, exotic intestinal bugs. Even...

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Venezuela roils corporate profits around the globe

BOSTON (Reuters) - U.S. companies operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from a worsening economic crisis in the South American country that...

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