Reuters Money: Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion

	Click to View in Browser 03/20/2014 Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion SHANGHAI (Reuters) - Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2 billion in a macro hedge fund, his firm, LSK & Partners, said on Thursday, as investors continue to back a low-risk and rapidly growing investment strategy. Fed turns hawkish, or fumbles message: James Saft (James Saft is a Reuters columnist. The opinions expressed are his own) Investment banks should cut balance sheets by $1 trillion: report LONDON (Reuters) - Investment banks must take tough decisions to quit ailing business areas and should reduce their balance sheets by $1 trillion - or almost a tenth - to lift profitability, an industry report said. UK watchdog fines and bans bond trader in first gilt rigging case LONDON (Reuters) - Britain's financial watchdog said on Thursday it had fined former Credit Suisse bond trader Mark Stevenson 662,700 pounds ($1.1 million), in its first enforcement action for manipulating the 7.2 trillion pound UK government bond market. Cohen's SAC taps analytics firm Palantir to monitor employees BOSTON (Reuters) - Billionaire investor Steven A. Cohen hired a top Silicon Valley data analytics firm to keep closer tabs on his employees just months after his hedge fund SAC Capital Advisors pleaded guilty to insider trading charges. SEC close to weighing possible action on proxy advisory firms WASHINGTON (Reuters) - The Securities and Exchange Commission will soon review recommendations for possible regulatory action targeting proxy advisory firms, SEC Chair Mary Jo White said on Wednesday. California lawyer sentenced to prison time in tax dodge case: U.S. WASHINGTON (Reuters) - California lawyer Christopher Rusch has been sentenced to 10 months in prison for helping Americans hide millions of dollars in Swiss bank accounts to avoid U.S. taxes. U.S. appeals court: Fidelity did not overcharge on float fees BOSTON (Reuters) - Fidelity Investments did not improperly use money earned in overnight accounts while overseeing a retirement plan for a U.S.-based unit of Swiss manufacturer ABB Ltd., according to a U.S. appeals court decision released on Wednesday. Wells Advisors names Vorlop to products post; vows tech advances NEW YORK (Reuters) - Mary Mack, the new retail brokerage boss at Wells Fargo Advisors, has elevated Bob Vorlop to head of products and advice for the firm's more than 11,000 brokers as she fills out her management team. U.S. exchange-traded funds open up China's market NEW YORK (Reuters) - U.S. asset managers are eagerly expanding into China's stock market by launching exchange-traded funds that invest in the country's locally listed equities, hoping to cash in on the early success of the first of such U.S.-listed ETFs. Related Video Stocks down on Yellen's comments Oracle misses; Microsoft back to the future Business News Stock futures point to lower open on rate hike uncertainty Jobless claims up modestly, but labor market healing 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