Investors should have 100 percent of investments in equities because of valuations and higher returns than bonds, said Laurence D. Fink, chief executive officer of BlackRock Inc. (BLK), the world’s largest money manager.
Avesta Capital returns money to investors (Headlines)
Avesta Capital Advisors LLC, the $600m equity hedge fund run by William Tung, is giving back outside capital after almost a decade in business, according to a letter sent to investors.
Hedge fund walks away from Greek debt talks (Headlines)
Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.
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