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Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

UBS Wealth closes U.S. equity overweight, favors emerging stocks

Thu, Apr 18, 2019

UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday. ...

Collapsed hedge fund Columna sues Permira-backed former managers

Thu, Apr 18, 2019

The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost... ...

Exclusive: Advent readies new $2.2 billion Latam private equity fund - sources

Thu, Apr 18, 2019

U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. ...

Norway's wealth fund extends ownership of New York real estate

Wed, Apr 17, 2019

Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday. ...

Bridgewater warns of peak U.S. profit margins, lower stock prices

Wed, Apr 17, 2019

The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest... ...

Corvex's Meister likes Diamondback Energy after it bought Energen

Tue, Apr 16, 2019

Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year. ...

Starboard takes new position in KAR Auction Services

Tue, Apr 16, 2019

Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday. ...

Short European stocks still 'most crowded trade,' BAML survey shows

Tue, Apr 16, 2019

Short positioning on European equities was the "most crowded trade" for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found. ...

Meditate to the tax finish line

Fri, Apr 12, 2019

Stressed out by the tax deadline on April 15? ...

How to create connections at work in the age of isolation

Fri, Apr 12, 2019

If an overflowing inbox is killing your productivity at the office, you are not alone. ...