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BOSTON, March 5 - Hedge fund manager Patrick McCormack is shutting down his roughly $1.4 billion Tiger Consumer Management, according to a letter sent to investors.
WASHINGTON, March 5 - Republican U.S. Senate Majority Leader Mitch McConnell on Thursday postponed plans to debate and vote next week on a bill requiring President Barack Obama to submit any nuclear agreement with Iran to Congress for approval.
NEW YORK/LONDON, March 5 - Boutique investment firm Rothschild has invited investors to organize into a Ukraine creditor group ahead of a sovereign debt restructuring, sources directly familiar with the situation told Reuters.
NEW YORK, March 5 (IFR) - For the week ended March 4, Lipper US Fund Flows reported an inflow of US$1.638bn into corporate investment grade funds (YTD total of US$21.120bn inflow) and an inflow of US$309m into high yield funds (YTD total of US$11.122 inflow).
WASHINGTON/NEW YORK, March 5 - All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up.
No related earnings announcements are currently scheduled within the next 7 days.