Reuters Money: Four ways to influence how new grads handle money

	Click to View in Browser 05/14/2014 Four ways to influence how new grads handle money NEW YORK (Reuters) - When her son recently turned 18, Lisa Kirchenbauer and her husband had him sign papers to take control of an account for minors they had long ago set up as a college fund - which had grown to about $60,000. Pimco outflows dent Allianz asset management earnings FRANKFURT (Reuters) - German insurer Allianz saw operating profit in its asset management arm slump by more than one fourth in the first quarter as its California-based Pimco unit suffered 21.7 billion euros ($29.7 billion) in investment outflows. U.S. stock fund costs fall; money market fee waivers hit $5.8 billion (Reuters) - U.S. stock fund expenses fell 4 percent last year while the sponsors of money market funds waived $5.8 billion in fees to shield investors from negative returns, an investment industry trade group said on Wednesday. Evaporating inflation may have taken pricy debt too far LONDON (Reuters) - The prospect of years of so-called 'low-flation' has become so ingrained in western financial markets this year that even a hint of creeping prices could deliver quite a shock. Xi's new normal with Chinese characteristics: James Saft (Reuters) - The world needs to get ready for a new normal with Chinese characteristics. Asset managers likely to get bigger bonuses this year: consultant (Reuters) - Asset managers on Wall Street may again take home higher bonuses this year as rising stock markets boost inflows into funds, according to a forecast by compensation consulting firm Johnson Associates. Cruise control can drive your 401(k): just don't hit the gas CHICAGO (Reuters) - 401(k) plans are all about automation these days, especially target date funds, which keep workers' accounts in balance for an age-appropriate level of risk. It's the investing world's version of cruise control, but a study released today finds that many investors are turning on cruise control while putting their feet on the gas pedal - a move that's hurting their returns. Investors seek over $40 billion from Madoff victim fund NEW YORK (Reuters) - A U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme has received roughly 51,700 claims seeking to recoup more than $40 billion, totals far higher than expected, the official in charge of the fund said on Tuesday. Ex-Goldfinch trader eyes July launch for natgas fund: partner NEW YORK (Reuters) - A former portfolio manager at Houston-based energy hedge fund Goldfinch Capital is expected to launch a natural gas-focused fund in a couple of months, his partner said on Tuesday. Pimco sees an end to bull markets in next 3 to 5 years NEW YORK (Reuters) - Pimco, an investment firm that manages the world's largest bond fund, said on Tuesday in its three-to-five-year outlook titled "The New Neutral" that low central bank interest rates underscore an end to bull markets in financial assets. Related Video Dow winning streak continues S&P 500 joins Dow at record high Business News Producer prices post largest gain in 1-1/2 years Wall Street edges lower at the open 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