Reuters - Money

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Tuesday, January 2, 2018

Citigroup follows Morgan Stanley, UBS, quits recruiting pact: bank

NEW YORK (Reuters) - Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street's biggest securities brokerages to not sue each other when a broker switches firms.

Column: Hedge funds gamble OPEC will tighten oil market too much: Kemp

LONDON (Reuters) - Hedge funds are the most bullish about oil prices in years, expecting further gains even as prices touch multi-year highs and ignoring the risk linked to such a large concentration of positions.

Financier Tilton defeats lawsuit by Zohar funds she founded

NEW YORK (Reuters) - Lynn Tilton, the colorful New York financier recently cleared of wrongdoing in a U.S. Securities & Exchange Commission fraud case, won another legal victory on Friday as a federal judge dismissed a racketeering lawsuit by the Zohar investment funds she once managed.

Noosa founder Koel Thomae found her dream in a spoon of yogurt

NEW YORK (Reuters) - It took just a spoonful of a simple tub of yogurt with passion fruit puree on a trip home to her native Australia to nudge Koel Thomae into a new career.

U.S. stock funds attract most cash since 2014: Lipper

NEW YORK (Reuters) - Investors poured $24.1 billion into U.S.-based stock funds in the week to Dec. 27, Lipper said on Thursday, sending a gift to equity markets already on pace to record a year of double-digit percentage gains.

Biggest withdrawal in four months hits U.S. domestic stock funds: ICI

NEW YORK (Reuters) - U.S. fund investors walloped domestic equities with the most selling in four months, using the proceeds to buy cheaper stocks abroad that could thrive in a global economic expansion, Investment Company Institute (ICI) data showed on Wednesday.

U.S. money market assets increased in latest week: iMoneyNet

NEW YORK (Reuters) - U.S. money market fund assets increased by $10.81 billion to $2.801 trillion in the week ended Dec 26, the Money Fund Report said on Wednesday.

Column: 2018, the year of the active fund manager?: McGeever

LONDON (Reuters) - After years of struggling to beat the index, 2018 should be the year active fund managers earn their spurs.

Henry Cisneros gives life lessons on building dreams

NEW YORK (Reuters) - Henry Cisneros has spent his life working to improve U.S. cities, first as San Antonio’s City Councilor in the 1970’s, then as the city’s mayor for eight years and then as the U.S. Secretary of Housing and Urban Development under President Bill Clinton.

Top small-cap funds of 2017 focus on healthcare, tech in year ahead

NEW YORK (Reuters) - Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017.