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Tuesday, March 11, 2014

Reuters Money: U.S. investors closely monitoring Pimco after internal strife

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03/11/2014
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
U.S. investors closely monitoring Pimco after internal strife
NEW YORK (Reuters) - Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.
Hedge funds look to put strategies into ETFs to lure more investors
NEW YORK (Reuters) - More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.
A leveraged bet on London banking and oligarchs: James Saft
(Reuters) - As a symbol of Britain's ill-advised romance with banking and dubious foreign money, a new prime London property investment fund is hard to beat.
Merrill's Thiel jostles retail brokerage ranks
NEW YORK (Reuters) - Merrill Lynch, whose army of stockbrokers has shrunk almost 15 percent since it was bought by Bank of America Corp five years ago, replaced or transferred more than a dozen of its senior sales executives last week as it seeks to increase productivity.
How you can build on Warren Buffett's investment advice
(The opinions expressed here are those of the author, a columnist for Reuters.)
EBay rejects Icahn board nominees, asks investors to do same
(Reuters) - EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting.
Raymond James hires two financial advisers from Wells Fargo
(Reuters) - Raymond James Financial Inc's brokerage unit said on Monday that it hired two veteran advisers from Wells Fargo & Co.
Investors prefer business pitches from handsome men, U.S. study finds
BOSTON (Reuters) - Investors are more likely to put money into a business idea pitched by a man than a woman, and even more so if the man is good looking, according to a new study.
Ackman outspent by Herbalife in lobbying battle
BOSTON (Reuters) - Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.
Ex-Jefferies trader convicted of fraud in U.S. bond probe
NEW HAVEN, Connecticut (Reuters) - A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis.
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