Reuters Money: Pimco raised U.S. government-related holdings in May

	Click to View in Browser 06/11/2014 Pimco raised U.S. government-related holdings in May (Reuters) - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co, raised his holdings of U.S. Treasuries and government-related debt in May on a bet the Federal Reserve will keep interest rates low for longer than expected. U.S. expats find their money is no longer welcome at the bank (Reuters) - Imagine being excluded from the financial services industry because of your passport. Jane Mendillo to step down as Harvard's endowment chief BOSTON (Reuters) - Jane Mendillo, the first woman to run Harvard University's investment arm, will leave at the end of 2014 after guiding the Ivy League school's $32.7 billion endowment through the financial crisis and its aftermath, she said on Tuesday. Morgan Stanley CEO expects commodities sales to close in third quarter NEW YORK (Reuters) - Morgan Stanley will "probably" close sales of two physical commodities businesses in the third quarter, Chief Executive James Gorman said on Tuesday. Rothstein Kass' family office expert Flynn sets up own shop BOSTON (Reuters) - Rick Flynn, a veteran in helping wealthy families preserve their millions, has launched his own family office business where he will counsel clients on a range of matters from selling their businesses to finding bodyguards and choosing the right investment manager. How to find value, as well as growth, in drug stocks The value of mergers in the industry was 20.9 percent higher in the first quarter than the fourth, reaching $44.9 billion, according to a PricewaterhouseCoopers report that predicts continued robust activity. New U.S. student loan program leaves many out in the cold LOS ANGELES (Reuters) - President Barack Obama's expansion of an income-based repayment program offers additional help for millions of Americans struggling with federal student loan debt. Some of the most burdened borrowers, however, will get little if any relief, financial aid experts said. Hedge funds' allure pulls in $18.6 billion in new cash in April: data BOSTON (Reuters) - The allure of hedge funds grew in April when investors added $18.6 billion in new money to these portfolios, according to a survey, even as their performance again lagged behind stock and bond markets' returns. Surprise: Even wealthy retirees live on Social Security and pensions CHICAGO (Reuters) - Where do affluent retirees get their income? Portfolios invested in stocks and bonds, you might think - but you'd be wrong. Turns out many are living mainly on Social Security and good old pensions. Some Wells Fargo brokers balk at signing new team agreements NEW YORK (Reuters) - Wells Fargo Advisors has asked its brokerage teams to formalize their pay and account arrangements in a way it says is generous, but which some brokers fear could lead to a client grab when teams change or dissolve. Related Video Stocks flat but momentum is back Merger Monday drives U.S. stocks Business News U.S. safety regulators end daily fines for GM on switch recall EU investigates tax rulings on Apple, Starbucks, Fiat unit 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