Bloomberg Tech stocks are bouncing back. But distaste for what was the market’s favourite group as recently as last summer is starting to spread among large swaths of money managers. Headed into the heart of earnings season, hedge funds cut their industry exposure to the lowest level since July 2016, client data compiled by Goldman Sachs showed. Meanwhile, investors have ...

Bloomberg Most Middle Eastern stock indexes rose as investors tracked full-year earnings and merger deals. Egypt’s main gauge advanced to its highest level since November. Global Telecom Holding added 10 percent after majority shareholder Veon Ltd. offered to support the company’s funding requirements and look at taking it private. Ahli United Bank shares in Bahrain and Kuwait rose after Kuwait ...

Bloomberg A Philippine fund manager that made money amid the 2018 equity meltdown is now looking for new horizons. Michael Garcia, the CEO  and chief investment officer of MBG Capital Inc. in Manila, wants to apply his expertise of Philippine shares to Vietnam and Myanmar. While considered frontier markets, he says they offer investment themes similar to the ones he’s ...