Reuters Money: April 12, 2017

Click to View in Browser Wednesday, April 12, 2017 Telecoms, cable group Altice starts IPO process for U.S. arm NEW YORK/PARIS (Reuters) - Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter. Star realtor Sally Forster Jones values solid foundations NEW YORK (Reuters) - Sally Forster Jones has sold about $4 billion of luxury real estate in Southern California in her nearly 40-year career, but she credits her success to hard work and thrift rather than an opulent lifestyle. 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. Related Video Nick Colas on how the jobs report impacts the markets Art Hogan on why the market is in a tug of war Related News Wall Street opens lower as geopolitical risks linger Trump's message to bankers: Wall Street reform rules may be eliminated Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook