Reuters Money: Pershing Square hedge fund gains 2.9 percent in May: sources

	Click to View in Browser 06/4/2014 Pershing Square hedge fund gains 2.9 percent in May: sources BOSTON (Reuters) - William Ackman's Pershing Square Capital Management flagship hedge fund rose 2.9 percent in May, bringing it to a 22.1 percent gain so far this year and putting it ahead of most rivals, according to two investors in the fund. Who owns your email account? Pittsburgh (Reuters) - One morning in April, my Yahoo email account was disabled for no apparent reason. Exclusive: Billionaire philanthropist Arnold turns to pension reform NEW YORK (Reuters) - Billionaire philanthropist and former heavyweight natural gas trader John Arnold became aware of the ailing U.S. public pension system years ago, before unprecedented municipal bankruptcies highlighted the gravity of the situation. How to know when a 'gray gambler' is a problem gambler CHICAGO (Reuters) - Once upon a time, bingo was the biggest game in town at the local senior center. But you're far more likely to find today's seniors manning a slot machine at the local casino - and some have become gambling addicts. Commodity hedge fund Opus closing, cites 'challenging market' NEW YORK (Reuters) - Opus, a major commodity hedge fund, is winding down, recalling its investment in remaining funds and returning capital to investors, citing a challenging market for commodities. Can the low volatility bargain hold? (Reuters) - It is this year's bargain: central banks will remain easy, allowing asset prices to march higher despite all those pesky details about growth and inflation. Tracing your roots may cost you lots of time and money (Reuters) - Many amateur genealogists start digging into their family histories just to see what is out there and then get seriously hooked. Icahn acquired Fannie, Freddie shares from Fairholme: filing NEW YORK (Reuters) - Activist investor Carl Icahn acquired 6.8 million common shares of Fannie Mae and 5.7 million common shares of Freddie Mac from Fairholme Funds, a court filing showed Tuesday. Pimco sees $5.5 billion leave U.S. mutual funds in May: Morningstar NEW YORK (Reuters) - Pimco, the firm that oversees the world's largest bond fund, posted $5.5 billion in net outflows across its U.S. open-end mutual funds in May, extending the company's record outflow streak to 12 straight months, Morningstar data showed on Tuesday. Net shorts in U.S. long-dated bonds rise to eight-year high: JPM survey NEW YORK (Reuters) - The difference between the number of investors who said they are bearish on U.S. long-dated Treasuries exceeded those who are bullish grew to its highest in eight years, according to a J.P. Morgan survey. Related Video Stocks sluggish despite signs of recovery Recalls don't dent auto demand Business News France's Hollande to discuss BNP fine with Obama U.S. private hiring slows, trade deficit widens 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