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Thursday, October 17, 2013

Reuters Money: For hedge funds, debt crisis largely business as usual

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10/17/2013

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

For hedge funds, debt crisis largely business as usual

BOSTON/NEW YORK (Reuters) - Hanging tough seems to have been the right strategy for a good number of money managers now that Congress has approved a stop-gap deal to avoid a federal debt default and reopen the U.S. government.

U.S. student loan borrowers face processing problems, watchdog says

WASHINGTON (Reuters) - Private student loan borrowers report payment processing errors that hurt their credit and raised costs, and lawmakers may need to step in if the problems hurt the economy, a U.S. consumer watchdog said on Wednesday.

Exercise gadget dropouts pay a high price

NEW YORK (Reuters) - A few years ago, Chad Sommer, 41, a long-time athlete from Chicago, thought he'd make an "official" investment in his health. To start, he bought a basic Polar heart rate monitor ($70).

U.S.-based stock mutual funds have $3.1 billion outflow: ICI

NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $3.1 billion out of stock funds in the latest week on the extended U.S. government shutdown and concerns over the debt ceiling, data from the Investment Company Institute showed on Wednesday.

Column: Invest like Fama but regulate like Shiller

(Reuters) - If the board awarding this year's Nobel Prize in economics didn't get bogged down in a foolish consistency, there is no reason for you to.

Hedge fund firm Egerton shuts door to new money: sources

LONDON (Reuters) - Hedge fund firm Egerton Capital has closed its doors to new money, two of its investors said, after inflows and performance gains swelled its assets by 80 percent in a year.

A guide to the next debate on entitlement cuts

CHICAGO (Reuters) - Talk about counter-programming: A coalition of Social Security advocates plans a one-day summit meeting later this month to talk about ways to expand Social Security benefits to address America's retirement security crisis. Unfortunately, it looks like Washington will be changing the channel.

Einhorn's Greenlight up 4.3 percent in third-quarter: letter

NEW YORK (Reuters) - David Einhorn's hedge fund Greenlight Capital rose 4.3 percent in the third quarter, bringing the fund's net return for the year to 11.8 percent, according to an investor letter released on Tuesday.

State, provincial regulators raise red flags on virtual currency

(Reuters) - Consumers may be headed for trouble when they turn over bank and brokerage pass codes to investment advisers or get pulled into investment scams involving digital currencies, state securities regulators said.

Petco, Applebee's employees join growing list on private exchanges

NEW YORK (Reuters) - Petco Animal Supplies Inc and restaurant operator DineEquity Inc, the parent of Applebee's and IHOP, are among 33 companies moving medical coverage for their employees to a private exchange starting in 2014, a new sign of corporate America's shift away from directly providing benefits.