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Thursday, January 10, 2013

Reuters Money: Big asset managers plan to post money fund values daily

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01/10/2013
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
Big asset managers plan to post money fund values daily
(Reuters) - Three of the biggest managers of U.S. money market funds said on Wednesday they will start disclosing fund values each day rather than monthly, a move that could boost investor confidence and blunt new regulations.
StormHarbour launches Madrid office with ex-Goldman hire
MADRID (Reuters) - StormHarbour, a small investment bank specializing in the financial sector, has opened an office in Spain and hired a former top executive at Goldman Sachs as an adviser.
Fidelity taps star portfolio managers for Vanguard battle
BOSTON (Reuters) - Fidelity Investments' target-date funds will start 2013 with more stock-picking firepower, as star money managers Will Danoff and Joel Tillinghast pick up new assignments to protect a No. 1 position under fire from rival Vanguard Group.
Fund titans Loeb, Ackman square off on Herbalife
(Reuters) - Two prominent hedge fund managers are squaring off over Herbalife Ltd, with Daniel Loeb betting the nutritional supplements company will flourish while William Ackman is betting it will falter.
Time to buy stamps, TVs and life insurance
NEW YORK (Reuters) - If you use a lot of postage stamps, now is a good time to stock up.
Sizing up the U.S. bond market, pre-debt ceiling
NEW YORK (Reuters) - Even with historically low bond yields furthering talk of a "bond bubble," 2013 may not be the time to abandon the Treasury market.
Earnings rest on shaky legs: James Saft
(Reuters) - There are two big-picture reasons to doubt corporate earnings: they are improbably high and there are significant reasons to think they are being gamed.
Is 2013 the year to cut the cable cord?
New York (Reuters) - Like many people paying bills in January, Brad Hill is thinking of eliminating household cable service. "It is an active discussion in my house," he says. Hill, a freelance writer and former vice president of audience development at AOL, still pays the $128 monthly fee to his Time Warner Cable provider in part so his wife can continue watching one of her favorite channels - HGTV.
Titan Advisors reports 7.2 percent gain; SAC investment was strong
BOSTON (Reuters) - Money manager Titan Advisors, which has made headlines for planning to pull money from Steven A. Cohen's SAC Capital Advisors, clearly got a boost from the hedge fund industry powerhouse's recent returns.
CalSTRS pension fund divests from some gun, ammo makers
WEST SACRAMENTO, California (Reuters) - The second largest U.S. pension fund on Wednesday decided to sell off its investments in manufacturers of firearms that are banned in California, like the assault rifle used in the Newtown, Connecticut, school massacre.
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