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Friday, August 16, 2013

Reuters Money: Column: You only need $50K to be a hedge fund player

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08/16/2013
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
Column: You only need $50K to be a hedge fund player
BOSTON (Reuters) - Investing in hedge funds or their strategies has never been easier. And the price of admission into what used to be an exclusive club has never been so low.
Should advisers require 'monogamy' from clients?
NEW YORK (Reuters) - Many financial advisers accept that their clients work with multiple advisers - that's particularly true of the ultra wealthy, who often like to spread their money around.
European stock funds gain $2.3 billion in new cash: BofA
NEW YORK (Reuters) - Investors worldwide poured $2.3 billion into European stock funds in the latest week, the most in over two years, a Bank of America Merrill Lynch Global Research report showed Friday.
Clear water between Oxford and Cambridge in money stakes
LONDON (Reuters) - Not much separates Britain's two oldest universities, Oxford and Cambridge, in their academic standing or the tally of victories in their annual boat race, but when it comes to finances, Cambridge is ahead by several lengths.
New ways to keep a kid in books without going broke
NEW YORK (Reuters) - In the middle of my last vacation, I found myself calling the beach town library in a panic, looking for books two and three of Trenton Lee Stewart's popular "Mysterious Benedict Society" series. I thought it would take my daughter a week to finish the first one. But she was so entranced, she finished it in two days.
PNC Financial names BlueMountain's Feldstein to board
(Reuters) - PNC Financial Services Group Inc on Thursday appointed Andrew Feldstein, founder of hedge fund BlueMountain Capital Management, to its board of directors.
Detroit pension funds to object to city's bankruptcy
DETROIT (Reuters) - Detroit's two public pension funds will file an objection on Monday to the city's bankruptcy filing on Michigan constitutional grounds, a representative of the pension boards said on Thursday.
U.S. taxable bond funds gain $1.3 billion in new cash: Lipper
NEW YORK (Reuters) - Investors gave $1.3 billion to U.S.-based taxable bond funds in the latest week, marking the first inflows into the funds in three weeks, even as interest rates rose, data from Thomson Reuters' Lipper service showed on Thursday.
In post-recession world, U.S. states set markers for college funding
WASHINGTON (Reuters) - As they struggle to recover from the recession, 12 U.S. states are tying funding for public colleges and universities to performance measures, Standard & Poor's Ratings Service said on Thursday.
Long bull market in Fed faith faces taper: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
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