Reuters Money: June 12, 2017

Click to View in Browser Monday, June 12, 2017 Scooters instead of boardroom 'kabuki': how one fund manager picks winners BOSTON (Reuters) - Mitch Golden scrutinizes hedge fund managers and their investment ideas in a variety of settings from the back of a motor scooter in Ho Chi Minh City to a park bench in New York's Central Park. The lieutenant of billionaire investor David Einhorn says it gives him the sort of perspective he can't get from sitting in an office. NY billionaire Charles Cohen's tips for surviving tough businesses NEW YORK (Reuters) - Next time you are in Manhattan, take a look around, and you will see the fingerprints of Charles Cohen pretty much everywhere. Ready, set, go: Retirement advice protections are here Starting on June 9, all financial advisers providing guidance on retirement accounts must adhere to the new U.S. Department of Labor rule requiring that they act in your best interest rather than their own. Activist Icahn reduces stake in miner Freeport-McMoRan TORONTO (Reuters) - Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc , the world's biggest publicly traded copper miner, to 6.33 percent as of June 6, from 7.2 percent in late November, according to a regulatory filing on Friday. Pimco Income Fund attracts $2.8 billion of inflows in May: Morningstar data NEW YORK (Reuters) - The Pimco Income Fund, overseen by Pimco group chief investment officer Dan Ivascyn, attracted $2.8 billion of inflows during the month of May, bringing assets under management to $85.8 billion, Morningstar data showed Friday. Why women are better investors: study NEW YORK(Reuters) - When it comes to industries, Wall Street is about as male-dominated as they come. So many people just assume that men are better investors. Fed gives extension on complying with part of Volcker rule to three banks WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday gave extensions of up to five years to Deutsche Bank, SVB Financial Group, and UBS Group on complying with part of the Volcker Rule that deals with illiquid funds. Citadel's Griffin says U.S. rally not over, inflation a worry: CNBC NEW YORK (Reuters) - Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, said on Wednesday that the run-up in the U.S. stock market was not over but that investors should be worried about rising inflation. Flight-to-quality boosts U.S.-based Treasury, foreign funds: Lipper NEW YORK (Reuters) - Investors in U.S.-based funds poured $1.4 billion into mutual funds and exchange-traded funds that invest in U.S. Treasuries in the week ended June 7, marking the biggest inflows since late January, data from Thomson Reuters' Lipper service showed on Thursday. Nice portfolio, shame about the human running it: James Saft (Reuters) - The problem with Modern Portfolio Theory, the basis for most diversified investment approaches, is that the often irrational human investor in charge is a major point of failure. 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 lower as tech stocks weigh Exclusive - Foxconn says Apple, Dell join its bid for Toshiba chip business 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