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Friday, March 22, 2013

Reuters Money: Five questions to get to brass tacks with your money manager

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03/22/2013

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

Five questions to get to brass tacks with your money manager

CHICAGO (Reuters) - When interviewing a money manager, most investors want to know investment performance. It is a natural question, but there is much more you need to know beyond absolute returns.

Buyout firms face squeeze as investors go direct for deals

LONDON (Reuters) - Tired of the hefty fees charged by private equity firms and wanting more say over what they buy, big investors like pension funds and insurers are taking matters into their own hands.

Do bond buyers really need a Groupon of their own?

LONG BEACH, California (Reuters) - Necessity may be the mother of invention, but Internet businesses often seem to get the idea backwards.

Consumer bureau warns auto lenders on discriminatory rates

WASHINGTON (Reuters) - Regulators warned auto lenders on Thursday that they might be on the hook for breaking the law if they engage in a common industry practice that consumer advocates say results in higher interest rates for minority borrowers.

Smith Barney fund investors win ruling to sue as group over fees

(Reuters) - A federal judge on Thursday granted class certification to mutual fund shareholders in a lawsuit accusing a former executive of brokerage Smith Barney of defrauding them out of fee discounts.

Facebook backer Accel Partners closes $475 million fund

SAN FRANCISCO (Reuters) - Accel, the venture capital firm behind social network Facebook, has closed a new $475 million fund, the firm said on Thursday.

Citadel's Griffin won't seek re-election to E*Trade board

(Reuters) - Kenneth Griffin, chief executive of hedge fund Citadel LLC, will not seek re-election to E*Trade Financial Corp's board after his fund sold its stake in the company earlier this month.

Investor says may appeal lost arbitration against Goldman

(Reuters) - The founder of a medical devices company who racked up losses of $1.4 million in a Goldman Sachs Group Inc private debt fund is considering whether to appeal an arbitration ruling against him.

50-Somethings have their own healthcare crisis

(Reuters) - At 54, Steven Eisen knows he's pretty lucky to be considering retirement from his Nashville law firm within the next year. But beyond the usual financial considerations, he has another advantage unavailable to most workers today: guaranteed employer-sponsored health benefits until he turns 65.

Demand for stock funds plummets over Cyprus fears: Lipper

NEW YORK (Reuters) - U.S.-based stock funds recorded inflows of just $1.9 billion in the latest week as worries over Cyprus's debt burden disrupted demand for international stocks, data from Thomson Reuters' Lipper service showed on Thursday.