Reuters Money: June 2, 2017

Click to View in Browser Friday, June 2, 2017 First jobs of Madison Avenue's ad wizards NEW YORK(Reuters) - Thanks to TV shows like "Mad Men," the advertising world seems to many to be impossibly stylish and full of intrigue. Column: Watchdogs step up U.S. fight against elder financial fraud CHICAGO (Reuters) - Thieves follow the money, and wealth accumulates as we age. But the aging brain is not always well-suited to financial decision-making - and that creates opportunity for financial fraud and abuse targeting the elderly. Hedge fund Marcato Capital Management posts gains in May BOSTON (Reuters) - Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains for the year. Hedge fund Jana Partners says down in May, up 4.6 percent in 2017 BOSTON (Reuters) - Activist hedge fund Jana Partners, which is currently pushing grocer Whole Foods Markets Inc to perform better, lost money in May but is still in the black for the year, according to an investor update. Minerd's Guggenheim attracts broad fixed-income inflows in May NEW YORK (Reuters) - Guggenheim Investments, overseen by high-profile bond investor Scott Minerd, posted net inflows totaling more than $1.1 billion into its fixed-income mutual funds and ETFs in May, the firm said on Thursday. Some U.S. bond investors stick to energy bets, say rally has legs NEW YORK (Reuters) - Several large investment firms are betting on U.S. energy bonds on the view that they have more room to run even after a sharp rebound in performance in 2016. Third Point hedge funds gain in May: investor update BOSTON (Reuters) - Billionaire investor Daniel Loeb's hedge funds continued to make money in May, leaving its Third Point Partners L.P. fund up 9.9 percent for the year and its Third Point Ultra Ltd. up 16.1 percent, according to an investor update. Adams Street hires Martin vom Hagen to lead new Munich office (Reuters) - Investment firm Adams Street Partners said on Thursday it hired industry veteran Martin vom Hagen to head its newly established office in Munich, Germany. Wild swings, lack of liquidity keeping U.S. funds out of bitcoin NEW YORK (Reuters) - A lack of liquidity is keeping U.S.-based mutual fund managers from investing in bitcoin even as the digital currency hits record highs. Your Money: Creative caregiving solutions for the 'sandwich generation' NEW YORK (Reuters) - Stretched thin by the needs of your children and your elderly parents? Try this "sandwich generation" solution: Move your young adults in with their grandparents and let them take care of each other. 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 Dow, S&P flat at open as job growth slows in May U.S. job growth slows; unemployment rate drops to 4.3 percent 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