Reuters Money: August 1, 2017

Click to View in Browser Tuesday, August 1, 2017 Lack of value fund interest could be another bad omen for Chipotle NEW YORK (Reuters) - More well-publicized incidents at Chipotle Mexican Grill Inc restaurants have pushed the shares down 26 percent over the last three months, but the burrito chain is facing a more subtle threat that could weigh on the stock: it is losing favor with growth fund managers and yet remains too expensive to attract value-oriented funds in their place. Rockefeller Foundation backs nonprofit ETF startup NEW YORK (Reuters) - The Rockefeller Foundation is helping to finance a startup hoping to build exchange-traded funds for nonprofit organizations and direct the profits back to their causes, officials from the group said with a plan to announce the initiative later on Tuesday. Jana Partners fund up 0.3 percent in July, up 6.1 percent for year-update BOSTON (Reuters) - Jana Partners the activist hedge fund that pushed for change at natural grocer Whole Foods Market Inc. this year posted a tiny performance gain in July, leaving the fund up 6.1 percent for the first seven months of 2017. Rolling dice in a speculative mania: James Saft (Reuters) - Financial markets are in the grip of something very like a speculative mania, which may well be good reason not to expect a crash soon. Einhorn's Greenlight Capital gains 2.1 percent in July: source (Reuters) - Hedge fund manager David Einhorn posted gains in July which helped shrink his firm's year to date losses to 0.2 percent, a person who has seen the performance update said on Monday. Investors stick with macro funds, hope for volatility comeback LONDON (Reuters) - Lack of volatility in financial markets that has hit 'macro' hedge funds in the first half of the year has not stopped some investors from betting that things could get bumpier in the second half. Senator Warren calls on Fed to remove Wells Fargo board members WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance. Republicans' next health reform act targets Medicare CHICAGO (Reuters) - President Donald Trump has vowed repeatedly that he "wouldn't touch" Medicare or Social Security, but someone forgot to tell House Republicans. Macro trader Fisher joins Soros as CommonWealth shuts NEW YORK (Reuters) - Macro hedge fund firm CommonWealth Opportunity Capital GP LLC is shutting down and its leader, Adam Fisher, is set to join Soros Fund Management LLC, where he will help manage money for billionaire George Soros, according to people familiar with the situation. Your Money: Why you need time, money to serve on a volunteer board NEW YORK (Reuters) - For many of us, the notion of being on a board of directors seems like the pinnacle of capitalist dreams. Related News Dow opens at record; Apple earnings eyed Apple doubles down on China as rivals pull ahead 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