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'Tiger Cub' Griffin shuts his Blue Ridge hedge fund after 21 years

BOSTON (Reuters) - John Griffin is shutting his $6 billion Blue Ridge Capital hedge fund after more than two decades, becoming the latest high profile investor to liquidate his business as industry...

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Votorantim Energia, Canada pension board form JV to invest in power

(Reuters) - Canada Pension Plan Investment Board (CPPIB) and Brazil's Votorantim Group's energy unit Votorantim Energia have formed a joint venture that will buy two operational wind parks in...

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Investors pull most money in 2017 from U.S. stock funds: Lipper

NEW YORK (Reuters) - Investors pulled $16.2 billion from U.S.-based equity funds during the latest week, according to Lipper, marking the largest withdrawals since December 2016.

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Exclusive: Guggenheim Partners working to quell investor concern about management

NEW YORK (Reuters) - Top executives at asset manager and investment bank Guggenheim Partners LLC are working to quell clients' concerns about the fate of their chief executive officer and about an...

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Column: New U.S. state retirement plans are welcome, but why so expensive?

CHICAGO (Reuters) - Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for retirement if they do not already have a workplace 401(k).

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Vivienne Tam scales fashion peaks with China Chic

NEW YORK (Reuters) - Some of us are fortunate to find a calling in life early on, and for Vivienne Tam it was literally by design.

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Use balance transfers to start 2018 with path to pay off debt

NEW YORK (Reuters) - When the U.S. Federal Reserve raises interest rates, as it did on Wednesday by a quarter-percentage point, the first pinch consumers usually feel is higher interest rates on...

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Activist investor Primestone urges Tennant to merge with Nilfisk

COPENHAGEN/LONDON (Reuters) - Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority...

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DoubleLine's Gundlach says investors should add commodities in portfolios: CNBC

NEW YORK (Reuters) - DoubleLine CEO Jeffrey Gundlach said on Wednesday that his best investment idea for the new year is commodities, against the backdrop of increasing global economic activity and...

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Grad students plead for mercy from U.S. tax overhaul

CHICAGO (Reuters) - Graduate student Mollie Marr is worried that the U.S. tax overhaul working its way through Congress will force her and many other fellow students to give up on their educations.

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Public pension funded ratio up in third quarter 2017: report

NEW YORK (Reuters) - The funded status of 100 of the largest U.S. public pension plans grew by $36 billion in third quarter of 2017, boosted by strong equity returns, according to a report released...

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Desjardins, credit union centrals, Cumis to form Aviso Wealth

(Reuters) - Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C$55 billion ($42.74 billion) in...

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Vanguard looks to blockchain for index data

BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new...

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France's AXA to step up investments in green projects to $11 billion by 2020

PARIS (Reuters) - French insurer AXA announced on Tuesday it would quadruple its investments in environmentally-friendly projects by 2020 to 9 billion euros ($10.60 billion) and disinvest further from the coal industry.

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The write stuff: Life lessons from author James Patterson

NEW YORK (Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

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FS Investments moves lending platform from Blackstone to KKR

Dec 11 (Reuters) - Debt investment company FS Investment Corp and buyout firm KKR are pooling together more than $18 billion in private capital to invest in mid-sized businesses, in a push to do bigger deals which are out of reach for other alternative lenders.

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Fidelity keeps $2 billion mandate in New York after star manager's departure

BOSTON (Reuters) - A large New York state retirement plan said on Monday it would keep a popular Fidelity tech fund, whose portfolio manager recently left the company after being accused of sexual...

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Marcato says Deckers' rejected offer to settle proxy contest

BOSTON (Reuters) - After months of turning up the heat on Deckers Outdoor Corp, hedge fund Marcato Capital Management recently proposed a settlement that the UGG boot maker rejected, a filing...

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Fidelity fund keeps $2 billion mandate in New York after manager's departure

BOSTON (Reuters) - A popular Fidelity Investments tech fund, whose manager left the company after being accused of sexual harassment, has retained a mandate to manage more than $2 billion for a New...

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Marcato sets condition for Deckers interviewing its nominees

(Reuters) - Marcato said on Monday it was open to a proposal by Deckers Outdoor Corp's board to interview the activist investor's nominees only if the footwear maker was willing to reach a settlement...

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U.S. fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.

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Two fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts...

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BRIEF-FS Investments, EIG Global Energy Partners To Form Partnership

* FS INVESTMENTS AND EIG GLOBAL ENERGY PARTNERS TO FORM PARTNERSHIP TO MANAGE $4 BILLION FS ENERGY AND POWER FUND

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BRIEF-FS Investments, KKR To Form Middle Market Alternative Lending Platform

* FS INVESTMENTS AND KKR PARTNERING TO FORM PREMIER $18 BILLION MIDDLE MARKET ALTERNATIVE LENDING PLATFORM

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Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi's state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi.

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SEC to delay mutual fund disclosures in cybersecurity push

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity.

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UBS investment bank head wary on 2018 outlook

ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.

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City of London sticks to Brexit plans despite progress

LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.

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BRIEF-CVI Investments Inc Reports A 6.1 Pct Passive Stake In Myomo

* CVI INVESTMENTS INC REPORTS A 6.1 PCT PASSIVE STAKE IN MYOMO INC AS OF NOV 30 - SEC FILING Source text: (http://bit.ly/2y8iUcV) Further company coverage:

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U.S.-based stock ETFs attract $14.6 billion of inflows, largest since June: Lipper

NEW YORK (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors'...

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UPDATE 1-U.S.-based stock ETFs attract $14.6 bln of inflows, largest since June -Lipper

(Adds quotes from senior research analyst) By Jennifer Ablan NEW YORK, Dec 7 (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors' appetite for low-cost exposure to record-high stock markets. Risk appetite was also reflected in high-quality bonds. U.S.-based investment-grade corporate bond funds attracted $622 million of inflows in the week ended We

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U.S.-based stock ETFs attract $14.6 bln of inflows, largest since June -Lipper

NEW YORK, Dec 7 (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors' appetite for low-cost exposure to record-high stock markets.

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Investment funds buy $9.481 billion two-year note in November: U.S. Treasury

(Reuters) - Large investment managers bought $9.481 billion at a 2-year note auction held in November,

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Gross warns Fed should be 'more cautious' amid investor bond binge

NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...

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Retail disruption is nothing compared to gnarly first jobs

NEW YORK (Reuters) - If any industry is in the throes of total disruption right now, it is retail.

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Column: U.S. Republicans sharpen knives for retirement program cuts

CHICAGO (Reuters) - Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time.

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UPDATE 1-Telecoms group Orange aims to boost profit margins through to 2020 via networks investments

* Strategy contrasts with that of rival Altice (Recasts story, adds detail, background)

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Yes, she's judging you: Luvvie Ajayi on writing a bestselling life

NEW YORK (Reuters) - Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are creating something...

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Proxy firm ISS advises shareholders to back Marcato at Deckers

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato's choice of directors at Deckers Outdoor Corp, switching its...

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Proxy advisory firm ISS switches Deckers recommendation to Marcato nominees

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday switched its recommendation in one of the season's most hotly contested proxy contests to suggest shareholders...

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My taxes probably are going up. Are yours?

NEW YORK (Reuters) - No matter what version of the U.S. tax overhaul being considered by Congress becomes law, it looks like I am going to be paying more in taxes next year.

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BRIEF-Canadian General Investments Declares A Special Dividend of $0.04/Share

* CANADIAN GENERAL INVESTMENTS, LIMITED DECLARES A SPECIAL DIVIDEND ON COMMON SHARES

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Study abroad appeals to more U.S. college students, but costs can mount

CHICAGO (Reuters) - While most college seniors are still hoping to land a good job after graduation, Kelsey Berg is set.

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Short-seller Muddy Waters bets against OSI Systems

BOSTON (Reuters) - Carson Block, founder of short-seller Muddy Waters LLC, which gained prominence with a bet against a Chinese timber company, said he is shorting OSI Systems Inc, sending the...

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Gundlach says 'strange environment' to be cutting U.S. corporate taxes

NEW YORK (Reuters) - DoubleLine Capital Chief Executive Jeffrey Gundlach, who voted for President Donald Trump, warned on Tuesday that it is a "strange environment" to be cutting U.S. corporate taxes...

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Disrupt This! Innovation ETFs are storming the market

NEW YORK (Reuters) - Amazon.com is disrupting retail. Airbnb is disrupting hotels. Uber is disrupting transportation. Who is going to be disrupted next?

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Q&A: Designer Rachel Roy learned to bend so she will not break

NEW YORK (Reuters) - Going from a California teen working in a clothing store to making dresses for Michelle Obama has been quite the trajectory for fashion designer Rachel Roy.

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Fidelity clients suffer second website glitch in week

BOSTON (Reuters) - For the second time in a week, some clients at Fidelity Investments could not access their online accounts at the powerhouse retail trading brokerage on Monday morning in a glitch...

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Fidelity says some customers cannot access accounts

BOSTON (Reuters) - Fidelity Investments said on Monday some of its clients could not access their accounts on the company's website, the second time in a week that the large online brokerage operator...

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French bank Natixis bets on fixed-income, equity derivatives to grow Asia sales

HONG KONG (Reuters) - Natixis SA aims to boost Asia's share of its corporate and investment banking sales to more than 15 percent over the next couple of years, as the French bank expands in areas such as fixed-income and equity derivatives, its chief executive said.

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Advisory firms split on Deckers' proxy contest vote

(Reuters) - Two proxy advisory firms on Friday weighed in on one of the year's most bitter proxy battles with one backing UGG boot maker Deckers' management and the other giving partial support to...

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Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) - Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in...

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Mednax fielding takeover interest from buyout firms: sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...

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Exclusive: Mednax fielding takeover interest from buyout firms - sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...

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U.S.-based money market funds post $33 billion inflows, largest of 2017: Lipper

NEW YORK (Reuters) - Investors poured $33 billion into U.S.-based money market funds during the week ended Nov. 29, the largest inflows of 2017, Lipper data showed on Thursday, in a sign that...

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BRIEF-Pennantpark Floating Rate Capital Q4 Sales And Repayments Of Investments $91.7 Million

* Pennantpark Floating Rate Capital Ltd ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FISCAL YEAR ENDED SEPTEMBER 30, 2017

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Hedge fund Hutchin Hill shuts down after three bad years

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance.

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Hedge fund Hutchin Hill shutting down: letter

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after a period of poor performance.

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Bodenholm and Westray reveal media stock shorts on changing viewers

LONDON (Reuters) - European hedge funds Bodenholm Capital and Westray Capital Management revealed they had taken short selling positions on some media companies, bets that their stock prices will...

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New U.S. tax law could curb charitable donations

NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities...

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U.S. Securities and Exchange Commission ratifies administrative law judges

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said Thursday it had ratified the prior appointment of its administrative law judges.

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U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive...

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Special Report: Canada regulator ignored warnings on risky mortgage investments

TORONTO (Reuters) - In June 2014, regulators were investigating syndicated mortgages linked to Fortress Real Developments, a major force in Canada’s multibillion-dollar market for the risky investments.

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Column: To the year-end checklist, add mandatory retirement withdrawals

CHICAGO (Reuters) - Nothing good lasts forever, and so it is with tax-deferred retirement saving - that is, the deferred part.

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U.S. bond funds attract $6.16 billion in week ended Nov. 21: ICI

NEW YORK (Reuters) - U.S. fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable...

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Illinois' $750 million bonds won by BofA with still hefty yields

CHICAGO (Reuters) - Bank of America Merrill Lynch won $750 million of Illinois bonds in competitive bidding on Wednesday as the state faced a lingering market penalty for its fiscal and political...

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Exotix Capital appoints Basni Jashapara to senior role

(Reuters) - Emerging markets-focused investment bank Exotix Capital named Basni Jashapara as its new head of EMEA sales for research, analytics and data.

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Citi Private Bank appoints Andrew Keating as UK Private Banker

(Reuters) - Citi Private Bank (CPB), a unit of Citigroup Inc that caters to wealthy individuals and families, appointed Andrew Keating as UK Private Banker.

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VAM Funds names Robert Gordon director of two funds

(Reuters) - Luxembourg-based fund management company VAM Funds appointed Robert Gordon as a director of VAM Funds and VAM Managed Funds.

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Weatherbys Private Bank names associate director

(Reuters) - Weatherbys Private Bank appointed Henry Taylor as an associate director.

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BRIEF-Partners Value Investments Announces ‍Net Income For Quarter Was $75 Mln

* PARTNERS VALUE INVESTMENTS INC. ANNOUNCES 2017 THIRD QUARTER RESULTS

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Vanguard to offer its first active ETF lineup in U.S.

BOSTON (Reuters) - Vanguard Group Inc on Tuesday said it will offer six actively managed exchange traded funds aimed at giving investors exposure to specific factors like low volatility or liquidity,...

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RBC Investor & Treasury Services expands product management team

(Reuters) - RBC Investor & Treasury Services, a unit of Royal Bank of Canada, appointed Annette Niebuhr as managing director, network management within its product management team.

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SEC looking at fixed-income markets with 'greater focus': Clayton

NEW YORK (Reuters) - U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday that the SEC has formed a group to examine fixed-income markets with the goal of protecting retail...

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New ETF joins fight against sexual harassment in workplace

NEW YORK (Reuters) - A new exchange-traded fund is being introduced for investors who want their money kept far away from sexual harassment in the workplace.

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U.S. Labor Department delays final part of fiduciary rule

NEW YORK (Reuters) - The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that...

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BRIEF-CVI Investments reports 7.9 percent passive stake in Senestech as of Nov 17

* CVI INVESTMENTS INC REPORTS A 7.9 PERCENT PASSIVE STAKE IN SENESTECH INC AS OF NOVEMBER 17, 2017 - SEC FILING‍​ Source text : [ID:http://bit.ly/2AEd4WC] Further company coverage:

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World's most high-profile Christian taking center stage in staunchly Buddhist country

The world's most high-profile Christian is about to take center stage in a staunchly Buddhist country accused of horrifying acts of brutality against its Rohingya Muslim minority.

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UPDATE 1-U.S.-based stock ETFs attract $9.4 bln of inflows in latest week -Lipper

(Adds analyst quote on ETF vs active mutual fund flows, byline) By Jennifer Ablan NEW YORK, Nov 24 (Reuters) - Investors poured $9.4 billion into U.S.-based stock exchange-traded funds (ETFs) in the week ended Wednesday, the group's eighth consecutive week of inflows, against a backdrop of record closing highs on major markets, Lipper data showed on Friday. Retail investors, however, yanked money out of U.S.-based stock mutual funds, pulling $3.5 billion during the same period, cont

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U.S.-based stock ETFs attract $9.4 bln of inflows in latest week -Lipper

NEW YORK, Nov 24 (Reuters) - Investors poured $9.4 billion into U.S.-based stock ETFs in the week ended Wednesday, the group's eighth consecutive week of inflows, against the backdrop of record closing highs on major markets, Lipper data showed on Friday.

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France cuts cost of sacking traders to lure banks post-Brexit

PARIS (Reuters) - The French parliament has approved measures to cut the cost of sacking traders by excluding their bonuses from compulsory redundancy payouts, in a move aimed at luring banks'...

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BRIEF-Lorito Holdings, Zebra Holdings & Investments acquire shares of Bluestone Resources

* ‍Lorito Holdings S.à.r.l. - on Nov 22, co, Zebra Holdings & Investments S.à.r.l. acquired 3.3 million shares of Bluestone Resources at C$1.00/share​

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Sovereign funds pull $3.7 billion from global stock, bond markets in third quarter

LONDON (Reuters) - Sovereign wealth funds (SWFs) withdrew more money from global stock and bond markets in the third quarter of 2017, albeit at a slower pace with net outflows of $3.7 billion, data...

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Vanguard's Davis makes case for index funds even in tough times

BOSTON (Reuters) - The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry...

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Illinois returns to muni market with $750 million bond sale

CHICAGO (Reuters) - Illinois, which sold $6 billion of bonds last month to raise money to pay overdue bills, will be back in the U.S. municipal market next week with another $750 million of debt.

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Your Money: Uncertain future for those counting on medical deductions

NEW YORK (Reuters) - At a retirement community near Chicago, Jay Schachner and his friends are nervously awaiting the fate of their medical expenses amid U.S. tax overhaul.

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Citi hit with $6.5 million in U.S. fines over student loans

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it had ordered Citibank to pay $6.5 million for allegedly harming borrowers with student loan servicing...

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U.S. consumer agency hits Citi with $6.5 million in fines over education lending

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau said on Friday it had ordered Citibank to pay $6.5 million for alleged student loan servicing failures it said had harmed...

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Your Money: Gear up for a big year of giving

CHICAGO (Reuters) - If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longer be as valuable for most people as it is this year.

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FINRA fines JPMorgan $1.25 million for failures in employee background checks

NEW YORK (Reuters) - The Financial Industry Regulatory Authority said on Tuesday it fined JPMorgan Chase & Co's securities division $1.25 million for failing to conduct adequate background checks on...

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Paris watchdog win bolsters its fight for Brexit banks

PARIS/LONDON (Reuters) - The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks after Brexit, French officials said on Tuesday.

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Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products

HONG KONG (Reuters) - A Hong Kong tribunal on Tuesday imposed a fine of HK$400 million ($51 million) on the private banking unit of HSBC in a case related to the sale of Lehman Brothers-linked...

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Rising Medicare costs leave many U.S. seniors with a flat COLA

CHICAGO (Reuters) - Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better.

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Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt

FRANKFURT (Reuters) - The prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also...

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Economist Dan Ariely has a fix for our financial foibles

NEW YORK(Reuters) - No offense, but you are probably dumb with money.

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Wells Fargo consumer lending head axed after disparaging regulators: source

NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S....

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Wells Fargo dismisses consumer lending head Codel

NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co has fired its head of consumer lending over unsuitable communications he had with a former employee, the bank said on Friday, the latest upheaval at a...

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Hedge fund bet on Glencore backfires with $100 million loss

LONDON (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. ...

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Wells Fargo dismisses consumer lending head Franklin Codel

(Reuters) - Wells Fargo & Co said on Friday Franklin Codel, a senior executive vice president and head of its consumer lending organization, has been dismissed, effective immediately.

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Wells Fargo fires consumer lending head Franklin Codel

(Reuters) - Wells Fargo & Co said on Friday Franklin Codel, a senior executive vice president and head of its consumer lending organization, has been dismissed, effective immediately.

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China sets sweeping new rules to regulate $15 trillion asset management products

BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...

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China sets sweeping new rules to regulate asset management products

BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...

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China's central bank tightens guidelines on asset management products

BEIJING (Reuters) - China's central bank issued on Friday draft guidelines to tighten regulations on financial institutions' asset management business, a key component of the country's rampantly...

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U.S. junk bond funds post fourth biggest week of outflows ever: Lipper

NEW YORK (Reuters) - U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data showed on Thursday.

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U.S.-based junk bond funds post fourth-largest week of outflows on record

NEW YORK (Reuters) - U.S. fund investors walloped high-yield funds with their largest week of withdrawals since March, Lipper data showed on Thursday.

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Saudi crackdown will not hit investments - energy minister Falih

BONN, Germany (Reuters) - Saudi Arabia's corruption investigations are linked to a just few individuals and will not hinder investments in the kingdom, its energy minister said on Thursday.

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Activist investor draws up plan to take Barnes & Noble private: WSJ

(Reuters) - Sandell Asset Management Corp, an activist investor in Barnes & Noble Inc, has proposed a transaction that would take the bookseller private with the help of current shareholders and debt...

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Ex-banker Otting confirmed as U.S. Comptroller of the Currency

WASHINGTON (Reuters) - A former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. Comptroller of the Currency, serving as the...

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Killing medical tax break will hammer U.S. middle-class seniors

(The writer is a Reuters columnist. The opinions expressed are his own.)

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At issue for Vanguard fund shareholders: how to manage success

SCOTTSDALE, Ariz. (Reuters) - Vanguard Group Inc staged the largest-ever mutual fund shareholder proxy meeting on Wednesday facing a problem competing asset managers would welcome: how to manage...

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Hedge funds bet on reinsurance recovery

LONDON (Reuters) - Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday.

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Wells Fargo CFO says not worried about consumer credit

(Reuters) - Wells Fargo & Co's chief financial officer said on Wednesday he is not worried that consumers are struggling to pay their debts.

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U.S. tax deductions: Grab them before they disappear

(The opinions expressed here are those of the author, a columnist for Reuters.)

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Wells Fargo CFO says 'consumer credit is under control'

(Reuters) - Wells Fargo & Co CFO John Shrewsberry said on Wednesday he is not worried that consumers are struggling to pay their debts.

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BRIEF-Softbank plans up to $25 bln in Saudi investments- Bloomberg

* Softbank plans up to $25 billion in saudi investments- Bloomberg, citing sources‍​

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Global wealth - a rising tide lifts all yachts: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.)

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Paulson holds stake in gold steady in third-quarter

NEW YORK (Reuters) - Paulson & Co left its stake in gold investments unchanged in the third quarter, as concerns about North Korea's nuclear weapons program helped lift bullion prices to a 13-month...

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Paulson leaves stake in gold unchanged in third-quarter: filing

NEW YORK (Reuters) - Paulson & Co left its stake in gold investments unchanged in the third quarter, as concerns about North Korea's nuclear weapons helped lift bullion prices to a 13-month high, a...

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Your Money: Minimal relief from prospective death of the dreaded AMT

NEW YORK (Reuters) - The alternative minimum tax is on the chopping block in the tax overhaul plans of the U.S. House of Representatives and the Senate. But its elimination would not bring much...

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Pimco's Fels sees U.S. stuck in 'new neutral' of low rates as fear vanishes

NEW YORK (Reuters) - A top economist at Pacific Investment Management Co on Tuesday said global markets are stuck in a low interest rate environment that has siphoned fear from investors who may be...

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Bank of America executive: Volcker Rule fuels private trading firms' rise

(Reuters) - U.S. post-financial crisis rules that place strong trading restrictions on banks has fueled the rise of private trading firms that have grabbed market share, a top Bank of America Corp...

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Most millennials seen worse off than parents despite aptitude: study

ZURICH (Reuters) - Most millennials will struggle to earn more money and find better jobs than their parents despite being more highly trained, according to a study by Credit Suisse.

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CalPERS considers upping fixed-income investment, lowering volatility

NEW YORK (Reuters) - The California Public Employees’ Retirement System is considering more than doubling its investment in municipal bonds and other fixed-income assets while lowering volatility,...

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BlackRock's Fink learns to live with activist investors

NEW YORK (Reuters) - Larry Fink, whose $6 trillion BlackRock Inc seldom picks a public fight with large companies, said on Monday that activist investors often help lay the groundwork for positive...

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Sesame Street goes global to teach kids about money

NEW YORK (Reuters) - Translating money messages to 100 million kids around the world is not a feat for ordinary humans - you need monsters.

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MOVES-PGIM Investments names Sheri Taylor Gilchrist global marketing chief

Nov 13 (Reuters) - PGIM Investments has named Sheri Taylor Gilchrist global chief marketing officer.

companyNews reuters.com

BRIEF-Acushnet announces offering of 8.3 mln shares by investment funds affiliated with Mirae Asset Global Investments

* Acushnet Holdings Corp. announces offering of common stock by selling shareholder

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U.S. junk bond sector ends rough week on calmer note

NEW YORK (Reuters) - Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering...

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Muni market breathes 'sigh of relief' over Senate tax plan

CHICAGO/NEW YORK (Reuters) - The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that...

Conflicts of Interest nytimes.com

Trump Appointees, Richest Ever, Elude Scrutiny With Hidden Investments

Advisers’ holdings are buried in layers of shell companies, creating vast opportunities for conflicts of interest while minimizing transparency.

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The 20 percent club: hedge fund stars of an industry rebound

NEW YORK (Reuters) - A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise...

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Equifax warns on post-breach costs, revenue hit

(Reuters) - Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales...

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Equifax warns data breach will hurt future sales

(Reuters) - Equifax Inc on Friday warned that this year's massive data breach will harm the credit reporting company's future sales, saying it will reduce revenue and weigh on profit in the fourth...

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Multi-manager hedge funds hook investors with returns recovery

LONDON/NEW YORK (Reuters) - Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters...

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U.S. fund investors snap up international stocks: Lipper

NEW YORK (Reuters) - U.S. investors favored international stock markets, pushing $4.1 billion into equity funds focused abroad during the most recent week, dodging risks at home, Lipper data showed...

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Investment veterans launch real estate, hospitality buyout vehicle

NEW YORK (Reuters) - The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality...

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Proxy advisers back Vanguard, smoothing path in fund votes

BOSTON (Reuters) - Proxy advisers Institutional Shareholder Services and Glass Lewis & Co each recently backed Vanguard Group Inc's management on fund trustee nominees and administrative items set...

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Freedom Debt Relief will contest U.S. consumer agency lawsuit

WASHINGTON (Reuters) - The largest U.S. debt-settlement services provider said on Thursday it would "vigorously contest" a lawsuit filed against it by the U.S. Consumer Financial Protection Bureau.

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U.S. begins $4.05 billion Madoff fund payout, thousands to recoup losses

NEW YORK (Reuters) - The U.S. government said it has begun distributing $772.5 million from a $4.05 billion fund to compensate victims of Bernard Madoff's Ponzi scheme, ending a nearly nine-year wait...

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Investment veterans behind real estate, hospitality buyout vehicle

NEW YORK (Reuters) - The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality...

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Is tax reform the final straw for alimony?

NEW YORK(Reuters) - As soon as the House of Representatives' proposed tax reform bill had hit the news, divorce lawyer Malcolm Taub's phone started to buzz.

PersonalFinance reuters.com

For U.S. Republicans, tax reform math hinges on cutting Medicare

CHICAGO (Reuters) - U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred...

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Exclusive: Baring Private Equity Asia raising new $6 billion fund - sources

HONG KONG (Reuters) - Hong Kong-based Baring Private Equity Asia is aiming to raise $6 billion in a new Asian fund, as investors hungry for growth in emerging markets fuel a regional fund-raising...

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BRIEF-S.A.'s Competition Commission recommends Absa Bank deal to buy Pacific Heights Investments

* RECOMMENDED TO TRIBUNAL PROPOSED DEAL FOR ABSA BANK TO BUY PACIFIC HEIGHTS INVESTMENTS BE APPROVED, WITHOUT CONDITIONS

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China approves interbank bond derivatives trade for overseas investors

SHANGHAI (Reuters) - China's central bank said on Thursday that foreign investors would be permitted to trade in bond derivatives in the country's interbank market.

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Investors size up U.S. tax reform after Democrats gain in elections

NEW YORK (Reuters) - If the election of Donald Trump as U.S. president was a big catalyst behind a 23 percent rally in the S&P 500 over the past year, Tuesday’s first wide-scale retesting of his...

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Will tax reform end the American dream of owning a home?

CHICAGO - People who buy homes soon could be setting themselves up to lose money.

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Icahn subpoenaed by U.S. on biofuels dealing: filing

NEW YORK (Reuters) - Billionaire investor Carl Icahn has been subpoenaed by the U.S. Justice Department over his efforts to overhaul the U.S. biofuels program during his time as an unpaid adviser to...

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U.S. attorney's office probes billionaire Icahn on biofuels activity: filing

NEW YORK (Reuters) - The U.S. Attorney's office for the Southern District of New York is seeking information from billionaire investor Carl Icahn and his firm Icahn Enterprises L.P. related to...

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U.S. fund investors cool on domestic stocks: ICI

NEW YORK (Reuters) - U.S. fund investors cooled on domestic stocks during the latest week, pulling the most cash from the market in four weeks, Investment Company Institute (ICI) data showed on...

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San Francisco fund manager gets 2-1/2 years for fraud conspiracy

NEW YORK (Reuters) - A San Francisco investment fund manager was sentenced to 2-1/2 years in prison on Tuesday after he pleaded guilty to conspiring to defraud investors by fabricating an impressive...

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Trial of ex-NYC union head, Platinum Partners co-founder winds down

NEW YORK (Reuters) - The federal corruption trial of Norman Seabrook, the former head of New York City’s correction officers’ union, and Murray Huberfeld, a co-founder of defunct hedge fund Platinum...

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China plans easing foreign holding, partner choice for securities ventures - sources

HONG KONG (Reuters) - China plans to allow global banks to take a stake of up to 51 percent in their onshore securities ventures for the first time and tie up with local non-financial firms, people...

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Custos seeks Johnston Press shareholder meeting for board shake-up

(Reuters) - Newspaper publisher Johnston Press Plc said it received a letter from its biggest shareholder and activist investor Custos Group, demanding a shareholder meeting for the removal of...

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Activist investor Custos demands general meeting of Johnston Press shareholders

(Reuters) - Newspaper publisher Johnston Press Plc said it received a letter from activist investor Custos Group AS demanding a general meeting of the company's shareholders.

businessNews reuters.com

Commerce chief Ross: Nothing improper about his Russia-tied investments

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Monday he had done nothing wrong and did properly disclose his investments in a shipping firm that has significant business ties to Russian President Vladimir Putin's inner circle.

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Leucadia adds $100 million to Folger Hill bet as hedge fund stabilizes

NEW YORK (Reuters) - Leucadia National Corp has doubled down on hedge fund firm Folger Hill Asset Management LP with a new approximately $100 million investment, according to a person familiar with...

cnn.com

Queen Elizabeth's potentially embarrassing investments

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Richard Fuld-led Matrix Wealth rebrands; expands to Los Angeles, Florida

(Reuters) - New York-headquartered Matrix Wealth Partners, led by former Lehman Brothers chief executive Richard Fuld, rebranded itself as Matrix Private Capital Group and expanded to Florida and Los...

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Your Money: Splitting retirement accounts is tricky for DIY divorce

NEW YORK (Reuters) - If you are trying to have a low-cost, do-it-yourself divorce, it may seem reasonable to just split up the retirement assets and each go your separate ways.

politicsNews reuters.com

U.S. commerce chief Ross: Nothing improper about his Russia-tied investments

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Monday he had done nothing wrong and did properly disclose his investments in a shipping firm that has significant business ties to Russian President Vladimir Putin's inner circle.

Russian Interference in 2016 US Elections and Ties to Trump Associates nytimes.com

The Paradise Papers: Kremlin Cash Behind Billionaire’s Twitter and Facebook Investments

Leaked files show that a state-controlled bank in Moscow helped to fuel Yuri Milner’s ascent in Silicon Valley, where the Russia investigation has put tech companies under scrutiny.

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Toyota seeks more investments in Israeli auto tech, robotics

TEL AVIV, Nov 5 (Reuters) - Japan's Toyota Motor Corp is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July.

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Wells Fargo faces lawsuits over mortgage and auto loans

(Reuters) - Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.

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U.S.-based stock funds take in most cash since May: Lipper

NEW YORK (Reuters) - Investors stockpiled $19.3 billion in U.S.-based equity funds during October, ending a streak of outflows for the funds since May, according to Lipper data on Thursday.

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New SEC guidance could raise bar for some shareholder measures

BOSTON (Reuters) - Companies may have new grounds to keep shareholder proposals on social or ethical matters from coming to a vote at their annual meetings under guidance published late on Wednesday...

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Republican tax plan would deal financial hit to U.S. universities

WASHINGTON (Reuters) - The Republican tax plan unveiled on Thursday stirred anger at U.S. universities, which said its proposals to tax endowments of private institutions and repeal a deduction for...

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New York regulator to quiz senior Barclays staff over whistleblowing scandal: source

NEW YORK/LONDON (Reuters) - New York state's banking regulator will be interviewing senior Barclays executives from New York and London over a whistleblowing scandal in the coming weeks, a source...

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Pimco Income Fund hits $102.4 billion in assets under management

NEW YORK (Reuters) - Pimco Income Fund, run by group Chief Investment Officer Dan Ivascyn, reached $102.4 billion in assets under management (AUM) as of the end of October, Pacific Investment...

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Near miss on 401(k) tax grab marks a new low for U.S. retirement policy

CHICAGO (Reuters) - U.S. Republican lawmakers came close to staging a damaging raid on retirement savers this week to pay for a massive tax cut for corporations and the wealthy. Their recklessness...

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Mercer steps down from helm of $50 billion hedge fund

BOSTON (Reuters) - Hedge fund manager Robert Mercer, a major backer of conservative causes, said on Thursday he plans to step down as co-chief executive of hedge fund firm Renaissance Technologies...

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RenTech's Mercer to step down from fund, talks politics in letter

BOSTON (Reuters) - Hedge fund manager Robert Mercer, a major backer of conservative causes, said on Thursday he plans to step down as co-chief executive of Renaissance Technologies and will sell his...

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Billionaire Mercer to step down as co-CEO at Renaissance Technologies

BOSTON (Reuters) - Robert Mercer, a billionaire hedge fund manager who has supported conservative causes, said on Thursday that he plans to step down as co-chief executive officer at Renaissance...

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TransferWise raises $280 million from Old Mutual, IVP and others

NEW YORK (Reuters) - London-based startup TransferWise has raised $280 million in a funding round led by asset manager Old Mutual Global Investors and Silicon Valley venture capital firm IVP.

cnn.com

Schiller tops list of high-profile witnesses

One of President Donald Trump's closest confidantes is speaking privately next week to congressional investigators looking into Russia meddling, according to multiple sources familiar with the matter.

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Trump kills class-action rule against banks, lightening Wall Street regulation

WASHINGTON (Reuters) - President Donald Trump signed a Congressional resolution on Wednesday that lets banks block customers from filing class action lawsuits, partly delivering on his election...

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Japanese stocks, long shunned, attract billions of foreign dollars

NEW YORK/TOKYO (Reuters) - Japan is shaking off currency gains that typically punish its stocks, enticing foreign investors including Goldman Sachs Group Inc and BlackRock Inc, which are pumping...

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Ackman makes new bet against Herbalife with options

(Reuters) - William Ackman said on Wednesday he has bought options to sell shares of Herbalife Ltd as a new way to bet against the nutritional supplement company he has described as a pyramid scheme.

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U.S. fund investors favor stocks at home over peers abroad

NEW YORK (Reuters) - U.S. fund investors are starting to prefer their own market over alternatives abroad, pushing more cash into domestic than international stocks for the second week in a row,...

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CalSTRS reports its investment fees for second consecutive year

(Reuters) - The California State Teachers' Retirement System announced on Wednesday the total costs and fees paid to manage its investment portfolio for the second consecutive year.

PersonalFinance reuters.com

You can earn a decent living without a four-year degree

CHICAGO (Reuters) - Despite images of shuttered factories and a chorus of high school voices chanting the virtues of college, you do not have to get a four-year degree to earn a decent living.

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Investor Ackman exits years-long Herbalife short bet to cap losses

(Reuters) - Activist investor William Ackman, who placed a $1 billion bet in 2012 that Herbalife Ltd's stock price would tumble to zero, said on Wednesday his firm has capped losses by closing out...

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Ackman says his fund has restructured Herbalife position

(Reuters) - Billionaire investor William Ackman, who has been betting for five years that Herbalife Ltd's stock price would tumble to zero, said on Wednesday that his firm recently restructured its...

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Prudential's U.S. life business enters private wealth market

(Reuters) - Prudential Plc's U.S. life insurance business Jackson has set up a private wealth and trust arm to manage the investments and finances of very wealthy clients.

PersonalFinance reuters.com

First jobs: How to prepare for a life of giving away money

NEW YORK (Reuters) - From multiple hurricanes to earthquakes, wildfires and refugee crises, it seems there was a new humanitarian crisis at every turn in 2017.

PersonalFinance reuters.com

Ackman says his firm restructured Herbalife position: CNBC

(Reuters) - Billionaire investor William Ackman, who has been betting for five years that Herbalife's stock price would tumble to zero, said on Wednesday that his firm recently restructured its...

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Fundsmith launching sustainable equity fund after charity success

LONDON (Reuters) - Fundsmith, the asset management company run by British stock-picker Terry Smith, said on Wednesday it was launching a fund to tap growing demand from institutional clients in...

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Ex-Merrill Lynch broker to plead guilty to securities fraud

NEW YORK (Reuters) - A former Bank of America Merrill Lynch broker has agreed to plead guilty to a criminal charge of securities fraud for billing clients excessive commissions, according to federal...

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Ex-Merrill Lynch broker pleads guilty to securities fraud

NEW YORK (Reuters) - A former Bank of America Merrill Lynch broker pleaded guilty to a criminal charge of securities fraud for billing clients excessive commissions, according to federal court...

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Exclusive: China's CDH, SenseTime raising about $450 million AI fund - sources

HONG KONG (Reuters) - China's CDH Investments and Hong Kong-based start-up SenseTime Group are raising about 3 billion yuan ($453 million) to invest in firms working on artificial intelligence (AI)...

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China's CDH, SenseTime raising about $450 million AI fund: sources

HONG KONG (Reuters) - China's CDH Investments and Hong Kong-based start-up SenseTime Group are raising about 3 billion yuan ($453 million) to invest in firms working on artificial intelligence (AI)...

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SEC fines UBS $3.5 million for overcharging mutual fund customers

(Reuters) - UBS AG will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday.

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U.S. SEC close to forming group to scrutinize the bond market

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has taken the first step in formally establishing an advisory committee to scrutinize the rules of the fixed income market and advise...

companyNews reuters.com

BRIEF-Zebra Holdings and Investments S.à.r.l. acquires shares of Filo Mining

* Zebra Holdings And Investments S.à.r.l. acquires shares of Filo Mining Corp.

environmentNews reuters.com

Big Oil's $1 billion climate fund picks investments, eyes new members

LONDON (Reuters) - A $1 billion fund created by top energy companies to curb climate change announced its first three investments on Friday and said two new members could be poised join the scheme.

companyNews reuters.com

UPDATE 1-Big Oil's $1 bln climate fund picks investments, eyes new members

LONDON, Oct 27 (Reuters) - A $1 billion fund created by top energy companies to curb climate change announced its first three investments on Friday and said two new members could be poised join the scheme.

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Risky assets heading for best year: BAML

LONDON (Reuters) - Voracious investor appetite is set to make this by far the strongest year for inflows into stocks and corporate debt, Bank of America Merrill Lynch strategists said on Friday.

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Clariant merger foe boosts stake to 20 percent: stock exchange

ZURICH (Reuters) - Activist investors who oppose Swiss specialty chemicals maker Clariant's proposed $20 billion merger with U.S.-based Huntsman have boosted their stake to 20 percent, the Swiss...

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Volatility fails to scare investors in U.S. stock, bond funds: Lipper

NEW YORK (Reuters) - Investors endured jolts to both stocks and bonds, pouring even more cash into funds tracking both markets during the latest week, according to Lipper data released on Thursday.

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U.S. muni bond funds post $262 million in inflows: Lipper

U.S. municipal bond funds reported $262 million of net inflows in the week ended Oct. 25, compared with $536.2 million in inflows in the previous week, according to data released by Lipper on...