Reuters - Money

Click to View in Browser

Tuesday, March 28, 2017

Bacardi family spirit: Remember your roots and be frugal

NEW YORK (Reuters) - Facundo L. Bacardi had little interest in joining the family business, which happens to be the largest privately held spirits company in the world, with a portfolio of more than 200 brands, including Bombay Sapphire, Grey Goose and Dewar’s.

Your Money - Being 26: A money checkup for biggest U.S. age group

NEW YORK (Reuters) - Callan Olive is about as adult as you can get for a 26-year-old.

Snap surges after IPO banks give flurry of 'buy' ratings

(Reuters) - Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly needed "buy" ratings.

Once golden, Robert Rubin's hedge fund proteges lose some luster

BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.

When shareholders join the populist revolt: James Saft

(Reuters) - Some day, perhaps soon, the populist revolt will spread to another group badly served in recent decades: shareholders.

Your Money: Put your travel bucket list on turbo

NEW YORK (Reuters) - Waiting until you are retired to travel to all your bucket list destinations? You might want to step on it.

Hedge fund manager Eric Mindich shuts down Eton Park

BOSTON (Reuters) - Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. Now the fund is being shut down, becoming the year's most prominent casualty in an increasingly tough trading and fund raising environment.

How Thrivent hopes to grow beyond its base of religious investors

NEW YORK (Reuters) - Little-known Thrivent Financial, a Minneapolis-based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry.

After Trump rally, equity investors move into healthcare, retailers

NEW YORK (Reuters) - High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they say offer a greater chance for outsized gains.

Emerging markets land top of managers' portfolios with rising rates

NEW YORK (Reuters) - Rising short-term interest rates in the United States are prompting Lipper Award-winning bond fund managers to add emerging-market debt and non-agency backed residential mortgages that they say offer more potential for gains in the year ahead.