Reuters Money: SEC chair pushes hedge funds to be more open on private stock deals

	Click to View in Browser 10/21/2013 SEC chair pushes hedge funds to be more open on private stock deals WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission vowed to plow ahead with controversial new rules requiring hedge funds to disclose details about private stock deals before advertising them, a move that is likely to irk the industry. Fidelity Contrafund adds to Google stake, sees payoff BOSTON (Reuters) - Fidelity Investments' $101 billion Contrafund added to its industry-leading stake in Google Inc in the third quarter, and got a payoff on Friday as the Internet company's stock soared past $1,000 a share to an all-time high. Money market funds worldwide have $70 billion outflow: BofA NEW YORK (Reuters) - Investors worldwide pulled $70 billion out of money market funds in the latest week on fears of a possible U.S. government default, a Bank of America Merrill Lynch Global Research report showed Friday. Investors resist hedge fund exodus despite U.S. debt worries: SS&C GlobeOp LONDON (Reuters) - Requests to pull money out of hedge funds dropped by a fifth in October as investors shrugged off fears that U.S. politicians might fail to end a stalemate on how to tackle a ballooning debt crisis, data on Friday showed. U.S.-based money market funds have $43 billion outflow: Lipper NEW YORK (Reuters) - U.S.-based money market fund assets recorded their largest one-week decline since August 2011 as investors pulled $43 billion out of fear over a possible U.S. government default, data from Thomson Reuters' Lipper service showed on Thursday. Sweet and sour earnings back on the menu for U.S. investors NEW YORK (Reuters) - It is back to basics on Wall Street after several weeks of market obsession with political maneuvering over a government shutdown and threatened debt default. But some of corporate America's numbers have been found wanting. SAC Capital deal with U.S. prosecutors gets closer: source By Matthew Goldstein, Katya Wachtel and Svea Herbst-Bayliss Will U.S. healthcare premium guessing game continue in 2014? NEW YORK (Reuters) - Benefits consultant Aon Hewitt predicted that healthcare premium costs for large U.S. employers would rise about 6 percent in 2013, but when it tallied up its numbers for the year, the increase was only about 3.3 percent. Column: Grand-dad, what's a rate hike? (Reuters) - Like corded telephones, it is looking like our grandchildren will someday need to have the concept of rate hikes explained to them. Column: Why it may require an MBA to pick the right health plan CHICAGO (Reuters) - Do you need an MBA degree to figure out the new health insurance exchanges? Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall St. opens flat after S&P 500 hits record Philips profits nearly triple as turnaround bears fruit The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend