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Wednesday, November 27, 2013

Reuters Money: Goldman Sachs Asset Management launches first closed-end fund

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11/27/2013
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
Goldman Sachs Asset Management launches first closed-end fund
NEW YORK (Reuters) - Goldman Sachs Asset Management, a unit of Goldman Sachs Group Inc, launched its first-ever closed-end fund on Tuesday, raising $826.3 million from investors.
Smartphone apps for last minute pre-shopping
(Reuters) - Attention, shoppers: If you just decided to join the Black Friday shopping crunch but didn't prepare well, don't despair: Just pick up your smartphone. It could be your new best friend.
DBS, ABN AMRO among final bidders for SocGen Asia private bank: sources
SINGAPORE/HONG KONG (Reuters) - Singapore's DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale's Asia private bank, in a $400 million deal, as smaller players exit the region's competitive private banking business.
U.S. high court to chart fate of inherited IRAs in bankruptcy
(Reuters) - The U.S. Supreme Court will hear a dispute in the bankruptcy of a small-town pizza shop owner, taking on a case that could dictate how inherited individual retirement accounts are treated in bankruptcy.
Investors line up for Darling's Vion acquisition loans
LONDON (Reuters) - Part of a $3.85 billion long-anticipated debt financing backing US-based food business Darling International's acquisition of Dutch meat producer Vion's ingredients unit is to launch for syndication, banking sources said on Wednesday.
Margin deposit practices in focus as clearing firms gain clout
NEW YORK (Reuters) - When U.S. broker MF Global came under pressure from lenders, trading partners and clients two years ago, one of the biggest claims for its funds came from LCH.Clearnet, a company not very well known outside financial markets.
SEC charges Detroit money fund manager with fraud
WASHINGTON (Reuters) - U.S. regulators filed civil fraud charges on Tuesday against a Detroit-based money market fund manager and the advisory firm where he works, saying they misled the fund's board about credit risks and exposures to the 2011 euro zone credit crisis.
The shape of 401(k) plans to come - and why they're changing
(The opinions expressed here are those of the author, a columnist for Reuters.)
Icahn board memberships led to outsized returns over five years
NEW YORK (Reuters) - Investors who closely followed the actions of activist shareholder Carl Icahn in 20 companies over a five-year period would have reaped an annualized return of 28 percent, a study by his investment firm showed Tuesday.
Americans reap a bounty of advice on Thanksgiving wine
NEW YORK (Reuters) - As Americans search for that perfect wine to complement the traditional Thanksgiving feast, experts smile, give a slight shake of their heads and say, just drink what you like.
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