Reuters Money: April 28, 2017

Click to View in Browser Friday, April 28, 2017 Goldman hopes high rates will lure consumers to online bank (Reuters) - Goldman Sachs Group Inc plans to promote its high-interest bearing deposit products in a marketing push to consumers later this year as it looks to grow its online bank, Chief Strategy Officer Stephen Scherr said in an interview on Thursday. International stock funds attract $1.8 billion post-French election NEW YORK (Reuters) - Investors ramped up their exposure to U.S.-based international-focused stock funds on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock. 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. Big hedge funds' assets edge lower in 2016: Billion Dollar Club survey BOSTON (Reuters) - Assets managed by the largest hedge funds slipped in 2016 in their first calendar-year decline since the financial crisis, according to a survey released on Thursday by data and news provider Hedge Fund Intelligence. Activist ValueAct says invested in private equity pioneer KKR NEW YORK (Reuters) - ValueAct Capital said it has invested in asset management group KKR & Co, as the $16 billion activist investment fund deepens its reach into the financial sector. Steven Cohen, SAC must again face Fairfax short-selling lawsuit (Reuters) - The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd to drive down its stock price. 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? 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. first-quarter growth weakest in three years as consumer spending falters U.S. labor costs accelerate in first quarter 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