Bhinneka News Online: Reuters Money: June 8, 2017

Thursday, 8 June 2017

Reuters Money: June 8, 2017

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Thursday, June 8, 2017

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.

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.

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.

CalSTRS agrees to divest non-U.S. thermal coal assets

(Reuters) - The California State Teachers' Retirement System board voted unanimously on Wednesday to divest from non-U.S. thermal coal, affecting a very small fraction of the public pension fund's portfolio.

Fuss says Loomis Sayles Bond Fund has high exposure to short-term reserves

NEW YORK (Reuters) - Loomis Sayles Vice Chairman Dan Fuss said his popular Loomis Sayles Bond Fund (LSBDX), which has outperformed 92 percent of its peer category over the last 15 years, has amassed one of its highest exposures to short-term reserves, which include U.S. and Canadian government bonds, as the rate-hiking cycle continues.

Jean Case's journey from needing charity to giving it

NEW YORK (Reuters) - There are some prominent power couples in the world of philanthropy, but Steve and Jean Case might be among the most influential of all.

Jackson National to replace Pimco Total Return with DoubleLine Core

NEW YORK (Reuters) - Jackson National, the largest U.S. provider of variable annuities, said in a filing on Tuesday it plans to remove Pimco's Total Return Bond investment strategy from Jackson National's product line-up and assign management of the $3.5 billion in that fund offering to Jeffrey Gundlach's DoubleLine Capital.

Goldman Sachs boost rates for savers in bid to attract deposits

(Reuters) - U.S. savers who routinely scour personal finance sites for the best deposit rates are soon going to see an unusual bank at the top of the list: Goldman Sachs Group Inc.