Reuters Money: April 26, 2017

Click to View in Browser Wednesday, April 26, 2017 Q&A: Hedge fund executive Simon Lorne talks Trump, Brexit and 'Billions' NEW YORK (Reuters) - Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees. Exclusive: Schonfeld in talks to open UK office - sources LONDON/NEW YORK (Reuters) - Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors is in preliminary talks to open an office in Britain to invest in more European money managers, two sources with direct knowledge of the matter told Reuters. Venture capital enthusiasm for fintech startups shifts to Europe SAN FRANCISCO (Reuters) - Venture capital investments in financial services startups are showing a geographical split, with funding for so-called "fintech" companies in the United States cooling but soaring in Europe, according to a new report out Wednesday. Millennials face grown-up financial realities NEW YORK (Reuters) - Everyone has chuckled about millennial generation stereotypes: slackers hanging out in their parents' basements, playing video games and binge-watching Netflix. Wells Fargo board pays price for letting whistleblowers whistle in the wind NEW YORK (Reuters) - Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years. Investors not yet ruffled by looming government shutdown NEW YORK (Reuters) - U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle. Activist investor Elliott takes stake in UK takeover target WS Atkins LONDON (Reuters) - U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm agreed to be bought in a C$3.6 billion ($2.7 billion) deal. New ETF invests in industry close to home: ETFs themselves NEW YORK (Reuters) - Exchange-traded funds have proliferated in niches ranging from cyber security to solar power and even marijuana. On Thursday, a new index fund launched that will let investors chase the growth potential of ETFs themselves. Prudential's Peters says risk-reward for junk bonds 'not favorable' NEW YORK (Reuters) - PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not favorable." U.S. Social Security reform: the clock is ticking CHICAGO (Reuters) - Can you count on your Social Security benefits when retirement rolls around? 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 Congress moves closer to deal to avert government shutdown Mnuchin says business tax rate at 15 percent in Trump tax plan 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