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Monday, March 18, 2013

Reuters Money: Factory data underscores economic momentum

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03/18/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Factory data underscores economic momentum
WASHINGTON (Reuters) - U.S. manufacturing output bounced back in February in the latest signal of strength in an economy that is showing clear momentum despite the headwind from government austerity.
Advisers hope Pinterest will draw client interest
NEW YORK (Reuters) - The Pinterest page for Brian Wruk's advisory firm has little in the way of investment advice - and not just because he is concerned about sticky compliance issues.
If fund manager Lasry gets ambassador nod, investors likely to stay
NEW YORK (Reuters) - It's not every day that a money manager gets tapped as the next ambassador to France, but investors in Marc Lasry's $12 billion hedge fund Avenue Capital could be facing that scenario.
Bail in threatens to accelerate future bank runs: Kemp
LONDON (Reuters) - Bailing-in depositors with banks in Cyprus is a serious policy error that will destabilize the European banking system and threatens to accelerate bank runs in future.
Savvy Europe bets propel Lipper international fund winners
NEW YORK (Reuters) - Europe's three-year macroeconomic crisis opened a window for savvy fund managers to snap up well-established European companies at cut-rate prices, a winning strategy that brought them honors in the Lipper Fund Awards for international equity funds.
Small funds shine in 2013 U.S. Lipper Fund Awards
NEW YORK (Reuters) - When sizing up a mutual fund, investors might want to ignore size all together.
2013 U.S. Lipper Fund Awards feature repeat winners, newcomers
NEW YORK (Reuters) - Winners of the 2013 U.S. Lipper Fund Awards finessed their way through volatile markets, delivering consistent returns, despite global turmoil.
Stifel hires adviser from Wells Fargo in Florida
(Reuters) - Brokerage firm Stifel, Nicolaus & Co said on Friday it hired a veteran adviser from Wells Fargo & Co's U.S. brokerage division, bolstering the firm's adviser presence in Florida.
U.S. stock funds gained $10.87 billion as Dow streak continued - EPFR
NEW YORK (Reuters) - Investors worldwide poured $10.87 billion into funds that hold U.S. stocks in the latest week, with nearly all of the cash flowing into exchange-traded funds as the Dow Jones industrial average extended its record-breaking rally, data from EPFR Global showed on Friday.
Paulson says he's staying put, not moving to Puerto Rico
BOSTON (Reuters) - Hedge fund titan John Paulson, who oversees $18 billion in assets from his offices in New York, said on Friday he has no plans to leave the island of Manhattan for the island of Puerto Rico.
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