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Fed report points to slight rise in inflation, tight job market

By Jason Lange WASHINGTON, June 1 (Reuters) – Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said on Wednesday in a report that also pointed to rising labor costs for American companies. The Fed's Beige Book, a collection of anecdotal information from business contacts nationwide, found that labor markets appeared to be tightening despite “modest” job growth. “Tight labor markets

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Fed report points to slight rise in inflation, tight job market

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Gundlach’s DoubleLine reaches $100 billion in assets under management in May

Jeffrey Gundlach's DoubleLine Capital reached $100 billion in assets under management last month, the Los Angeles-based firm said on Wednesday. DoubleLine also said the firm appointed Jeffrey Sherman as deputy chief investment officer. Separately, the firm announced the opening of DoubleLine Investment Management North Asia Ltd.

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Gundlach’s DoubleLine reaches $100 billion in assets under management in May

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Loeb says Third Point raised short bets to avoid losses

Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid “calamitous” losses last year. The fund manager also said the firm cut stakes in companies that were exposed to China and commodity prices, which have fallen sharply. Loeb, whose $17.5 billion hedge fund has delivered an average return of 16.2 percent a year over the last two decades, did not mince words in his assessment of tumbling markets

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Loeb says Third Point raised short bets to avoid losses