Reuters Money: July 6, 2017

Click to View in Browser Thursday, July 6, 2017 Investors continue streak of moving away from U.S. equity funds NEW YORK (Reuters) - U.S. investors took $4.38 billion out of mutual funds and exchange-traded funds that focus on domestic equities in the week that ended June 28, the second straight week of outflows as U.S. stock indices remained near record highs, Investment Company Institute data showed on Wednesday. Brazil's turmoil to boost M&A pipeline after a quiet quarter, bankers say SAO PAULO (Reuters) - Escalating political turmoil and a widening graft scandal are driving more Brazilian companies to sell businesses, promising a strong pipeline of mergers and acquisitions after dealmaking hit its slowest pace in a year in the second quarter, bankers said. AIG taps Marsh executive as new CEO's deputy: report (Reuters) - American International Group Inc is expected to hire the head of Marsh & McLennan Companies Inc brokerage business to work alongside the insurer's new chief executive, Brian Duperreault, the trade publication Insurance Insider reported on Monday. Highland Capital to buy, expand Argentina fund (Reuters) - Dallas-based Highland Capital Management LP is set to buy and expand an Argentina-focused hedge fund previously managed by Argentine fund firm MBA Asset Management, according to a person familiar with the situation. Exclusive: Saba Capital, famed for 'London Whale' bet, to shut London office - sources LONDON (Reuters) - New York-based Saba Capital Management, famed for its winning bet against the JPMorgan Chase trader known as the 'London Whale', is closing its office in London's Mayfair district, two sources close to the situation told Reuters. After China spending spree, rainmaker Hu says time to look closer to home BEIJING (Reuters) - Primavera Capital Group, one of China's largest private-equity firms, is paying closer attention to domestic opportunities in sectors such as health and technology in the face of stricter capital controls at home and rising protectionism overseas. Guggenheim's Minerd says Fed will not move as quickly as many think NEW YORK (Reuters) - The U.S. Federal Reserve is unlikely to raise interest rates for a third time until later this year, as parts of the economy remain sluggish, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Monday. Wall Street banks take on summer school: Investing 101 for rich kids NEW YORK (Reuters) - "Time for a prenup?" is not a typical title for a summer school course, but it was one of the most popular at an event Morgan Stanley held last week for the millennial-generation children of its richest clients. UBS rejigs structure for European, emerging market wealth management ZURICH (Reuters) - Swiss bank UBS is further reorganizing its wealth management businesses in European and emerging markets to simplify its structure, according to a memo seen by Reuters on Monday. Two top 'quant' researchers exit BlackRock as it revamps stock unit NEW YORK (Reuters) - Two high-level quantitative researchers have left BlackRock Inc as the world's largest asset manager embarks on an ambitious effort to engineer a high-tech revolution within its stockpicking business. Related News Wall Street opens lower on tepid ADP jobs data Qatar Airways aims to start buying American Airlines shares 'soon' 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