Reuters Money: April 19, 2017

Click to View in Browser Wednesday, April 19, 2017 Wall Street banker Cohn moving Trump toward moderate policies WASHINGTON/BOSTON (Reuters) - In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers to push more moderate, business-friendly economic policies. Bank of America's wealth revenue rises on assets under management, fees NEW YORK (Reuters) - Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. Grapes fed Mathilde Thomas' inspiration for skin care company NEW YORK (Reuters) - Chance encounters can lead to entirely new career paths. Just ask Mathilde Thomas, who co-founded the Caudalie luxury skin care and spa company after meeting a doctor in 1993 at her family vineyard in the French city of Bordeaux. Dynasty Financial adds Next Capital to network of investment advisors (Reuters) - Dynasty Financial Partners LLC, which provides back-end support services to independent wealth management firms, said it had added Next Capital Management to its network of investment advisors. 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. Rhode Island hires Goldman's Stais as its pension fund CIO BOSTON (Reuters) - The state of Rhode Island hired a senior Goldman Sachs Group Inc executive as chief investment officer to oversee its $7.9 billion pension fund, the state's Treasurer said in an email on Friday. 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. 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 higher as earnings pick up Trump 'absolutely not' trying to talk down dollar: Mnuchin 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