Bhinneka News Online: Reuters Money: March 27, 2017

Monday, 27 March 2017

Reuters Money: March 27, 2017

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Monday, March 27, 2017

Your Money: Put your travel bucket list on turbo

NEW YORK (Reuters) - Waiting until you are retired to travel to all your bucket list destinations? You might want to step on it.

Once golden, Robert Rubin's hedge fund proteges lose some luster

BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.

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.