Reuters Money: April 27, 2017

Click to View in Browser Thursday, April 27, 2017 More U.S. Social Security claimants see patience as a virtue CHICAGO (Reuters) - Good things come to those who wait, the old saying goes. And more Americans are getting the message when it comes to claiming Social Security benefits. CalSTRS pares down U.S. equity exposure in market's record run NEW YORK (Reuters) - Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan's chief investment officer told Reuters on Wednesday. Trading startup Robinhood raises $110 million in new funding round NEW YORK (Reuters) - Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner's investment group DST Global, valuing the company at $1.3 billion. 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. Your Money: Older couples ponder financial impact of divorce NEW YORK (Reuters) - What makes couples want to split after decades of marriage? U.S.-based stock funds attract most cash in five weeks: ICI NEW YORK (Reuters) - Investors in U.S.-based mutual funds and exchange-traded funds poured $4.7 billion into stock funds in the week ended April 19, marking the biggest inflows in five weeks as investors returned to U.S.-focused share funds, data from the Investment Company Institute showed on Wednesday. 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. U.S. investment firm launches $10 mln ethereum classic private fund NEW YORK (Reuters) - U.S. investment firm Grayscale Investments has launched the first private fund focused on ethereum classic, a blockchain platform, with a seed capital of $10 million, Barry Silbert, founder of the company's parent, Digital Currency Group (DCG), said on Wednesday. Millennials at risk for loan defaults in next 12 months: UBS NEW YORK (Reuters) - Millennials face the greatest risk among all U.S. age groups on defaulting on their loans, especially on what they borrow for schools and cars in the next 12 months, UBS analysts said on Wednesday. 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 little changed with eyes on earnings Jobless claims rise, but four-week average at two-month low 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