Bhinneka News Online: Reuters Money: April 11, 2017

Tuesday, 11 April 2017

Reuters Money: April 11, 2017

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Tuesday, April 11, 2017

Japan's GPIF starts recruiting managers for alternative assets

TOKYO (Reuters) - Japan's Government Pension Investment Fund (GPIF) on Tuesday began recruiting asset managers for investments in private equity, infrastructure and real estate, as the world's largest pension fund's embrace of riskier assets gathers pace.

Consumer debt growth can't outpace wages forever: James Saft

(Reuters) - U.S. consumers are taking out debt at a far faster rate than their incomes or the economy are growing, and just as we may be hitting a peak in employment.

Sven Lindblad keeps adventure travel all in the family

NEW YORK (Reuters) - Travelers these days take it for granted that they can journey to remote places like Antarctica or the Galapagos, but it was one family, the Lindblads, that helped make that even possible.

Philanthropist dollars often come with strings attached: wealth watcher

NEW YORK (Reuters) - No longer content to build hospitals and give art to museums, America's elite philanthropists more and more often write supersized checks in efforts to steer educational, environmental and government policies, according to wealth tracker David Callahan.

In the Trump era, one U.S. Muslim investor tries a louder voice

BOSTON (Reuters) - Shareholder activism is rare in Islamic finance, but one wealth manager has staked out new territory as the most outspoken voice among Muslim investors in the United States.

Your Money: How to keep student loan defaults from ruining your life

LOS ANGELES (Reuters) - Dental hygienist Randy Honeycutt's $65,000 student loan balance has ballooned to more than $200,000 because of back interest and default fees, a cautionary tale about the perils of defaulting.

Brinker Capital launches Destinations Funds

NEW YORK (Reuters) - Investment management firm Brinker Capital announced Monday the launch of the Destinations Funds, a series of 10 multi-manager mutual funds advised by Brinker Capital that it said aims to cut investors' overall costs and lower the account minimum on portfolios.

Investors flock to 'macro' hedge funds, but not only the old guard

LONDON/BOSTON (Reuters) - "Macro" hedge funds are back in favor with investors seeking to take a view on U.S. President Donald Trump's economic policies, European elections, or interest rates, but it is start-up funds rather than established players which are attracting cash.

Exclusive: U.S. regulator removes top examiner for Wells Fargo - sources

WASHINGTON (Reuters) - The most senior bank examiner for Wells Fargo & Co has been removed by a U.S. regulator in the wake of the bank's unauthorized accounts scandal, people familiar with the matter told Reuters this week.

Union pushes Morgan Stanley to bar payouts for U.S. government-job takers

(Reuters) - Morgan Stanley shareholders will again vote on an investor proposal from the AFL-CIO union that would prohibit stock awards from vesting for bank executives who resign for government service.