Reuters Money: Ackman outspent by Herbalife in lobbying battle

	Click to View in Browser 03/10/2014 Ackman outspent by Herbalife in lobbying battle BOSTON (Reuters) - Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks. Ex-Jefferies trader convicted of fraud in U.S. bond probe NEW HAVEN, Connecticut (Reuters) - A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. Paulson's Advantage funds surge in February as gold lends a hand BOSTON (Reuters) - Hedge fund manager John Paulson's returns soared last month as gold rallied and bets on telecommunications and energy companies paid off. Hedge funds guard data more, give clients new reason to grumble BOSTON (Reuters) - After years of complaining about high fees and lackluster returns, hedge fund investors have something new to grumble about: It is getting harder to see even the most basic data about what's happening with their money. BB&T hires two financial advisers from Morgan Stanley (Reuters) - BB&T Corp's brokerage unit said on Friday it hired two veteran advisers from Morgan Stanley. Exclusive: Pimco's Gross declares El-Erian is 'trying to undermine me' (Reuters) - Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house. Fidelity promotes Prior to head $750 billion fixed-income unit BOSTON (Reuters) - Fidelity Investments on Friday named Nancy Prior as president of its fixed-income unit, with more than $750 billion in assets, continuing to boost the power of insiders. Stock funds worldwide attract $7.5 billion inflows: Bank of America NEW YORK (Reuters) - Investors worldwide poured $7.5 billion into stock funds in the week ended March 5 on reassuring signs the U.S. economy was on firm footing and reduced geopolitical tensions, data from a Bank of America Merrill Lynch Global Research report showed Friday. Vanguard seeks SEC permission to issue actively managed ETFs NEW YORK (Reuters) - Vanguard Group, the No. 1 U.S. mutual fund company, on Friday took a step towards offering exchange-traded fund versions of dozens of its well-known actively managed mutual funds. The rise and rise of the virtual financial adviser CHICAGO (Reuters) - Most of Sophia Bera's financial planning clients have never met her in person, and they don't seem to care. Related Video Stocks teeter-totter after hiring pick-up Stocks rally on labor market hopes Business News Wall Street opens lower after S&P's record close Disappointing China exports halt stocks, hammer commodities 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