Bhinneka News Online: Reuters Money: March 22, 2017

Wednesday, 22 March 2017

Reuters Money: March 22, 2017

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Wednesday, March 22, 2017

Hedge fund Millennium hires portfolio manager from Steve Cohen's firm

BOSTON(Reuters) - Millennium Management, one of the industry's biggest hedge funds, has hired a portfolio manager from billionaire stock picker Steven A. Cohen's investment company, two sources familiar with the matter said.

Aristocracy aside, India Hicks has designs on business

NEW YORK (REUTERS) - India Hicks - goddaughter to the Prince of Wales, granddaughter of Britain's last viceroy in India and bridesmaid of the late Princess Diana - may have been born into aristocracy, but she has not rested on her laurels.

NBA's Chris Paul, other celebrity athletes, invest for a cause

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 effect.

Wells Fargo banks on new ad campaign to regain customer trust

NEW YORK (Reuters) - Wells Fargo & Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank's efforts to regain trust after a sales scandal last year caused a sharp drop in account openings.

U.S. bank stocks fall as investor hope wanes for policy boosts

(Reuters) - Shares in U.S. banks tumbled on Tuesday as investors shrunk back from a post-election rally on worries that President Donald Trump would not be able to live up to his promises for large-scale relief on tax and regulation.

Goldman building robo-adviser to give investment advice to the masses

(Reuters) - Goldman Sachs Group Inc , known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website.

U.S. investor, CEO groups set for lobbying battle over proxy challenges

WASHINGTON (Reuters) - Shareholder activists are pushing back against a major business trade group's request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental issues onto corporate ballots, according to a letter seen by Reuters on Monday.

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.

Hedge fund Stone Milliner has worst start to a year: letter

LONDON (Reuters) - Stone Milliner, one of Europe's best-performing hedge funds that bets on macroeconomic events, lost 2.1 percent in the first two months of 2017, its worst start to a year, an investor letter seen by Reuters showed.

NYSE Arca says systems normal after software glitch

NEW YORK (Reuters) - NYSE Arca said on Tuesday that all systems were functioning normally after a technical issue in the prior session prevented some symbols from completing a closing auction.