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Monday, September 16, 2013

Reuters Money: House Republicans question SEC oversight of private equity funds

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09/16/2013
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
House Republicans question SEC oversight of private equity funds
WASHINGTON (Reuters) - Two key Republicans in the U.S. House of Representatives are questioning whether federal securities regulators are spending too much of their time conducting compliance examinations of private equity fund advisers, saying sophisticated investors need less protection.
Stock funds worldwide attract $14.3 billion in latest week: BofA
NEW YORK (Reuters) - Investors worldwide poured a net $14.3 billion into stock funds in the latest week amid strong global economic data and reduced fears of a U.S. strike on Syria, data from a Bank of America Merrill Lynch Global Research report showed Friday.
Equity issuance may reflect rosy growth picture
LONDON (Reuters) - Companies around the world are increasingly turning to equity issuance to raise capital, a sign of growing corporate and investor confidence that could create a virtuous circle for the economy and financial markets.
Patient investors see bargains in India's drugs, media stocks
LONG BEACH, California (Reuters) - India was supposed to be the next country to emerge from poverty and become a global industrial juggernaut.
Detroit considers pushing its retirees into health exchanges: lawyer
DETROIT (Reuters) - Detroit's emergency manager is considering ending its health insurance coverage for city retirees under age 65 and giving them a modest stipend to purchase insurance from the health exchanges being established under Obamacare, according to a lawyer who represents two associations of public workers.
Lehman's legacy of inequality: James Saft
(Reuters) - Of the many regrettable aspects of the failure of Lehman Brothers, perhaps the worst is that it led to policies which expanded and reinforced economic inequality in the U.S., often through unfair means.
Your Money: As you 'like' it: Investing in the social media age
NEW YORK (Reuters) - By now, we all know what social media is best for: Instagram shots of your delicious brunch, videos of cute kittens and a twerking Miley Cyrus.
Teachers, truckers and others who pay to work
NEW YORK (Reuters) - Parents across the United States met the start of a new school year by dropping off their children along with mounds of supplies: crayons, folders, hand sanitizers, paper towels and much, much more.
No. 2 U.S. pension fund CalSTRS picks Hermes as commodities manager
NEW YORK (Reuters) - The California State Teachers' Retirement System said it has picked Hermes Fund Managers to be one of its two commodity managers, the first major step toward realizing the portfolio approved three years ago as an inflation hedge.
New head of U.S. financial advice group refocuses on members
(Reuters) - The U.S. organization that first raised questions about how financial advisers should be paid and regulated is shifting its priorities at a time when those issues are reaching a new level of national prominence.
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