Reuters Money: April 14, 2017

Click to View in Browser Friday, April 14, 2017 IDG Capital to deploy more resources in firms, eyes tech assets BEIJING (Reuters) - IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. Top BlackRock portfolio manager turning to safe-haven assets NEW YORK (Reuters) - One of the portfolio managers behind BlackRock Inc's largest mutual fund says his team has been buying safe-haven assets such as gold and Treasuries to protect from "known unknowns" in global politics. 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. 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 U.S. retail sales, consumer prices slump in March Asian shares, won move south on worries over North Korea 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