Reuters Money: Advisers turn to alternative mutual funds on U.S. rate rise fears

	Click to View in Browser 06/19/2014 Advisers turn to alternative mutual funds on U.S. rate rise fears NEW YORK (Reuters) - Investment advisers, bracing for the U.S. Federal Reserve to raise interest rates, are seeking alternatives to plain-vanilla bond funds, and some are turning to mutual funds that employ hedge-fund-like tactics, including the ability to bet against securities. Europe beckons air travelers, but may leave your bag behind NEW YORK (Reuters) - Cramming clothes into carry-on bags may not appeal to travelers in Europe this summer, but the alternative could be worse; checked luggage is nearly three times more likely to arrive late in Europe than in the U.S. due to complex airport transfers and strikes. Massachusetts pushes for managed accounts with hedge funds BOSTON (Reuters) - Massachusetts' pension fund is pushing to move some of the $5.6 billion it invests with hedge funds into separately managed accounts and may even invest, at a lower cost, in strategies designed to mimic hedge fund returns. When to take Social Security? Your 401(k) plan may know best CHICAGO (Reuters) - Deciding when to file for Social Security is no simple task, and most Americans don't handle it well. But increasingly, help is available from an unexpected source: your employer. Wall Street's latest fad is built on sand HOUSTON (Reuters) - Super-sized hydraulic fracturing jobs, which use vast amounts of sand to coax more oil and gas from shale, have led to astronomical returns for investors in companies that mine the tiny particles. Funds focused on international equities nab $3.7 billion in latest week: ICI NEW YORK (Reuters) - Investors in the week ended June 11 poured a net $3.7 billion in new cash into funds that mainly invest in international stocks, marking their biggest inflows since mid-January, data from the Investment Company Institute showed on Wednesday. Knight Vinke sees UBS moving towards break up MONACO (Reuters) - Eric Knight, chief executive of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice and split its wealth management business from its investment bank. Why some bags are not going to fly this summer (Reuters) - Jamming as much as possible into carry-on luggage has become routine for travelers, considering the fees many airlines charge for checking baggage. But those bags may be barred from overhead bins this summer. U.S. SEC alters waiver policy to remove 'too big to fail' concern WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission recently removed language from an agency policy on granting regulatory waivers after an SEC official raised concerns it implied some companies are "too big to fail." Charles Schwab aims arrows at full-service rivals New York (Reuters) - Charles Schwab Corp. is once again baring its teeth at large rivals, particularly full-service firms such as Bank of America's Merrill Lynch, Morgan Stanley, Wells Fargo & Co's Wells Fargo Advisors and UBS AG's UBS Wealth Management Americas. Related Video Amazon tries to blaze different smartphone path S&P 500 jumps to record thanks to Yellen Business News Jobless claims point to firming labor market Wall Street opens flat, S&P coming off record 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