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Tuesday, March 26, 2013

Reuters Money: Five questions to get to brass tacks with your money manager

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03/26/2013

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

Five questions to get to brass tacks with your money manager

CHICAGO (Reuters) - When interviewing a money manager, most investors want to know investment performance. It is a natural question, but there is much more you need to know beyond absolute returns.

Europe chokes moral hazard: James Saft

(Reuters) - Moral hazard may not be quite dead in Europe but it has a bad, hacking cough.

Canadian advisers see gains, pitfalls in social media

TORONTO (Reuters) - Canadian financial adviser Will Britton is the quintessential success story of social media in the industry. He's active on Facebook, LinkedIn and Twitter, and when someone needs a financial planner, Britton's contacts are quick to send a "here's my guy" link. Presto, a new client.

SEC press release creates waves in Boston criminal trial

(Reuters) - A U.S. federal judge in Boston wants answers from a U.S. Securities and Exchange Commission attorney, questioning whether a news release about an investment adviser may have tainted a separate criminal trial of the same individual on a tax matter.

Trustee bills $3.7 million for unwinding broker Peregrine

(Reuters) - The trustee unwinding Peregrine Financial Group is seeking to be paid $3.7 million, the maximum allowed under bankruptcy law for his role in returning some money to former customers of the failed broker.

Buyout firms face squeeze as investors go direct for deals

LONDON (Reuters) - Tired of the hefty fees charged by private equity firms and wanting more say over what they buy, big investors like pension funds and insurers are taking matters into their own hands.

Learning from Cyprus

(Reuters) - Even if you have zero exposure to the euro, the sad tale of Cyprus teaches investors about important old and new realities.

BlackRock hires Credit Suisse executive to bolster hedge fund unit

(Reuters) - BlackRock, the world's largest money manager, hired Andy Stewart, head of one of Credit Suisse's hedge fund units, to bolster its own alternatives business as it shutters a direct private equity strategy.

Do bond buyers really need a Groupon of their own?

LONG BEACH, California (Reuters) - Necessity may be the mother of invention, but Internet businesses often seem to get the idea backwards.

Consumer bureau warns auto lenders on discriminatory rates

WASHINGTON (Reuters) - Regulators warned auto lenders on Thursday that they might be on the hook for breaking the law if they engage in a common industry practice that consumer advocates say results in higher interest rates for minority borrowers.