Monday, 20 March 2017

Reuters Money: March 20, 2017

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Monday, March 20, 2017
NBA's Chris Paul, other celebrity athletes, invest for an impact
NEW YORK (Reuters) - Giving back to their communities has always been a challenge for pro athletes who get rich quick, because they tend to lose the money even more quickly. But even those who manage to build a substantial amount of wealth have a hard time using it charitably in a way that truly has a long-term impact.
A new breed of sovereign wealth fund - without the wealth
LONDON (Reuters) - Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging - in countries with large deficits and deep debt.
Not much saving going on in Health Savings Accounts
NEW YORK (Reuters) - Health Savings Accounts feature prominently in the new healthcare bill being considered by the U.S. House of Representatives, with a variety of changes in store.
Wall Street bonuses may show first uptick since 2009, firm says
(Reuters) - Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday.
Investment banks ditch the diet and look to expand: study
LONDON (Reuters) - After several years of restructuring and regulatory pressure, investment banks have reached a turning point after Donald Trump became American president and can look to grow again, according to a study published on Friday.
Cooking up financial success with chef Marcus Samuelsson
NEW YORK (Reuters) - As success stories go, chef Marcus Samuelsson's is as geographically varied and fascinating as they come.
ValueAct boosts Valeant stake after Pershing exits
(Reuters) - ValueAct Capital raised its stake in Valeant Pharmaceuticals International Inc, in a move that could provide a confidence boost to the drug company three days after its largest shareholder sold out of the stock.
Exclusive: Hedge fund Pine River loses more partners after asset decline - sources
BOSTON/LONDON (Reuters) - Hedge-fund firm Pine River Capital Management LP is losing two more partners following a difficult year that involved a restructuring and major decline in assets, people familiar with the matter told Reuters.
Investors pull most cash from U.S. junk bond funds since 2014
NEW YORK (Reuters) - Investors recoiled from debt issued by low-rated companies during the latest week, pulling the most cash since August 2014 from U.S.-based, high-yield bond funds, Lipper data showed on Thursday.
Blockchain Capital to raise $50 million, partly with digital token sale
NEW YORK (Reuters) - U.S.-based venture capital firm Blockchain Capital LLC said on Thursday it plans to raise $50 million for a third fund through capital from its partners and a sale of its own digital tokens.
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