Bhinneka News Online: Carlyle, OppenheimerFunds form wealth management venture

Monday, 16 October 2017

Carlyle, OppenheimerFunds form wealth management venture

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Monday, October 16, 2017

Carlyle, OppenheimerFunds form wealth management venture

(Reuters) - U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich investors in the United States, the companies said on Monday.

How to close the race-based chasm in U.S. retirement wealth

CHICAGO (Reuters) - The gap in U.S. retirement wealth between white and minority families has widened to the point where it really is not a gap anymore. It is a canyon.

Ivascyn's Pimco Income fund surpasses $100 billion despite fee hike: sources

NEW YORK (Reuters) - The Pimco Income Fund (PIMIX), widely seen by investors and analysts as Pacific Investment Management's new flagship fund, surpassed $100 billion in assets under management this week, even as fees were hiked on Oct. 2, two sources familiar with the matter said Friday.

U.S. domestic stock funds win cash for first time in six weeks: Lipper

NEW YORK (Reuters) - U.S. fund investors stopped resisting the festive mood in equity markets and joined the party, pouring cash into domestic stocks for the first time in six weeks, according to Lipper data on Thursday.

Early filers for college financial aid reap benefits

NEW YORK (Reuters) - Want to increase your chance to get financial aid for college? File the Free Application for Federal Student Aid (FAFSA) by the end of 2017.

Skip the health insurance tax question? Not so fast

NEW YORK (Reuters) - With the fate of the Affordable Care Act up in the air after President Donald Trump took office in January, some taxpayers skipped a question on their 2016 returns that asked them to certify whether they had health insurance.

Emerging market tech stock boom gives fund managers a headache

LONDON (Reuters) - The boom in emerging market technology stocks is becoming a problem for fund managers of all stripes.

Start planning now to care for elderly parents

NEW YORK (Reuters) - If you have an aging parent and want a glimpse of what the future holds, look no further than Leslie Glutzer.

New Nobel Prize economist Thaler stumped by record markets

BOSTON (Reuters) - University of Chicago professor Richard Thaler may have won the Nobel Economics Prize on Monday for his work on behavioral economics, but the behavior of investors has him stumped.

Bill Gross of Janus blames Fed for 'fake markets'

NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors said on Monday that financial markets are artificially compressed and capitalism distorted because of the U.S. Federal Reserve's loose monetary policy.