Career News 24/7: Reuters Money: Funds too lame rather than too big to fail: James Saft

Tuesday, April 8, 2014

Reuters Money: Funds too lame rather than too big to fail: James Saft

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04/8/2014

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

Funds too lame rather than too big to fail: James Saft

(Reuters) - It isn't true that the asset management industry is too big to fail but it may well be that it is too lame to be tolerated.

Paulson's Advantage Plus fund down 7.4 percent in March: sources

BOSTON (Reuters) - Hedge fund manager John Paulson's returns dipped in March, hurt in part by losses in the gold market, two people familiar with the numbers told Reuters on Monday.

Don't get fooled by financial aid letters

LOS ANGELES (Reuters) - The confusing and sometimes misleading financial aid letters that colleges send out this time of year can cause unsuspecting families to sign up for educations they can't afford, college experts warn.

Puerto Rico hires a second U.S. restructuring firm

(Reuters) - Puerto Rico's Government Development Bank, the U.S. commonwealth's financing arm, has hired Cleary Gottlieb Steen & Hamilton, a New York-based law firm with a specialist practice in financial restructuring, the firm and bank said on Monday.

Smart shopping for mid-caps

(The opinions expressed here are those of the author, a columnist for Reuters.)

UBS unit must pay $5.4 million to ex-broker who sold Lehman notes: panel

(Reuters) - A unit of UBS AG must pay $5.4 million to a former broker who said the firm misled its advisers about the financial health of Lehman Brothers Holdings Inc while recommending they sell its structured notes to clients, a securities arbitration panel ruled.

Tax-time complexities for road warriors

(The opinions expressed here are those of the author, a columnist for Reuters.)

Harvard adopts 'responsible investment' principles

BOSTON (Reuters) - Harvard University said on Monday it adopted a set of environmental and social investing principles backed by the United Nations for its huge endowment fund, a move that could add pressure on companies in its portfolio to make more disclosures on areas like carbon emissions.

Rich North Americans abandon asset advisers at faster pace: study

NEW YORK (Reuters) - Despite a surging stock market that made North American brokers and their clients wealthier in 2013, investors left their brokers at a higher rate than in 2012, according to a new study.

Yodle selects Credit Suisse, Deutsche Bank for IPO: sources

NEW YORK (Reuters) - Marketing software company Yodle has selected banks for an initial public offering that is expected to come later this year and could raise $100 million, according to people familiar with the matter.