Bhinneka News Online: Reuters Money: April 13, 2017

Thursday, 13 April 2017

Reuters Money: April 13, 2017

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Thursday, April 13, 2017

Planned rules to shake up Asia wealth managers' fee-sharing business

HONG KONG (Reuters) - Hong Kong and Singapore are set to launch new disclosure rules for wealth managers on what they are paid by funds to sell their products, moves aimed at revealing conflicts of interest but which could disrupt a business that generates billions of dollars in fees.

'Trump Trade' winners switch into battered retail, biotech shares

NEW YORK (Reuters) - Some of the actively managed funds that have performed the best since the Nov. 8 presidential election are switching from "Trump Trade" bets on financial and infrastructure stocks into beaten-down sectors such as retail, apparel or biotech.

Lessons on empire-building from real estate developer Rick Caruso

NEW YORK (Reuters) - Billionaire real estate developer Rick Caruso learned about entrepreneurship and money at an early age.

Gross says equity markets, junk bonds pricing in 'too much' hope, growth

NEW YORK (Reuters) - Influential bond investor Bill Gross on Thursday stepped up his warning to investors not to be tempted into buying equities, high-yield junk bonds and other asset classes, given the possibility that U.S. President Donald Trump might fail to enact policies that fuel economic growth.

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.

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.

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.

Global diversification still works, but only for the patient: James Saft

(Reuters) - The market is still offering globally diversified equity investors a free lunch, but only if they are in it for the long haul.

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.

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.