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News on AMG Yacktman Service Fund (YACKX)
Wednesday April 25th 2018
Latest news for AMG Yacktman Service(YACKX) (See analysis on YACKX)
Aggregared News for AMG Yacktman Service(YACKX) from various sources
![[$$] Cash Is King---and a Harbinger of Doom? - AMG Yacktman Service Fund (YACKX)](http://www.fundmojo.com/bullet_blue.gif)
[$$] Cash Is King---and a Harbinger of Doom?Scoreboard Stephen Yacktman is officially on a stock-buying strike in the U.S. “We’ve been willing before to go down with the ship and say, ‘We’re not going to invest your money,’ ” the co-manager of the AMG Yacktman fund says. The fund has experienced $1.2 billion in outflows in the past year as its 13.2% return in that period has trailed the market by 3.5 percentage points, and its fully invested peers, by 1.9 points. Managers used to hold cash to handle redemptions, but now they can use exchange-traded funds as a liquidity tool—making the decision to hold cash more about investing strategy than fund administration, says Russel Kinnel, Morningstar’s director of manager research.
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Latest business newsWednesday April 25th 2018: Latest financial news from the world
L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
A man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.
Union leader who says Trump lied about Carrier deal refuses to back down
Trump tours a Carrier factory in Indianapolis, Dec. 1, 2016. Chuck Jones, the union leader who claims President-elect Donald Trump lied to Carrier employees while touting a deal to keep jobs in the U.S., says he started receiving harassing phone calls a half hour after Trump slammed him on Twitter. “I’ve been doing this job for 30 years,” Jones, president of the United Steelworkers Local 1999, told CNN on Thursday morning.
Working, eating and sleeping at the office
![Working, eating and sleeping at the office]( "Working, eating and sleeping at the office")
The sight of workers sleeping on the job is common in China, where a surplus of cheap labor can lead to downtime and employees at startup companies work long hours.
Obama seeks ‘irreversible’ opening to Cuba
This story is part of a weeklong Yahoo series marking one year since the opening of relations between the United States and Cuba.
A man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.Union leader who says Trump lied about Carrier deal refuses to back downTrump tours a Carrier factory in Indianapolis, Dec. 1, 2016. Chuck Jones, the union leader who claims President-elect Donald Trump lied to Carrier employees while touting a deal to keep jobs in the U.S., says he started receiving harassing phone calls a half hour after Trump slammed him on Twitter. “I’ve been doing this job for 30 years,” Jones, president of the United Steelworkers Local 1999, told CNN on Thursday morning.Working, eating and sleeping at the officeObama seeks ‘irreversible’ opening to CubaThis story is part of a weeklong Yahoo series marking one year since the opening of relations between the United States and Cuba.
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