Bhinneka News Online: Reuters Money: March 24, 2017

Friday, 24 March 2017

Reuters Money: March 24, 2017

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Friday, March 24, 2017

Hedge fund manager Eric Mindich shuts down Eton Park

BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Now the fund is being shut down, becoming the year's most prominent casualty in an increasingly tough trading and fund raising environment.

How Thrivent hopes to grow beyond its base of religious investors

NEW YORK (Reuters) - Little-known Thrivent Financial, a Minneapolis-based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry.

After Trump rally, equity investors move into healthcare, retailers

NEW YORK (Reuters) - High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they say offer a greater chance for outsized gains.

Emerging markets land top of managers' portfolios with rising rates

NEW YORK (Reuters) - Rising short-term interest rates in the United States are prompting Lipper Award-winning bond fund managers to add emerging-market debt and non-agency backed residential mortgages that they say offer more potential for gains in the year ahead.

For Goldman Sachs, a rare pass from shareholder resolutions

NEW YORK/BOSTON (Reuters) - For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary.

Jeopardy host Alex Trebek provides a few answers of his own

NEW YORK (Reuters) - Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario.

Acting SEC chair plans test to lower exchange fees

WASHINGTON (Reuters) - The acting head of the U.S. Securities and Exchange Commission has directed the regulator to launch a pilot plan that would test how the market would be affected if exchanges lowered the fees they charge brokers to execute trades.

U.S. fund investors pull back from 'Trump trade'

NEW YORK (Reuters) - Investors eased off from "Trump trade" bets during the latest week, snatching the most money from bank sector funds in more than a year and stockpiling bonds, Lipper data for U.S.-based funds showed on Thursday.

Trump Tantrum looms on Wall Street if healthcare effort stalls

NEW YORK (Reuters) - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

Ackman's Pershing Square Holdings seeks London listing

(Reuters) - Billionaire investor William Ackman's Pershing Square Holdings Ltd said on Thursday it planned to list its shares in London as it seeks to improve liquidity and valuation.