Reuters - Money

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Tuesday, June 13, 2017

Bill Gross advises investors to cut risk on U.S. growth woes

NEW YORK (Reuters) - Bond investor Bill Gross warned on Tuesday that investors should reduce their risk appetite, given the U.S. growth rate is stunted by secular forces "which monetary and even future fiscal policies seem unable to reverse."

Scooters instead of boardroom 'kabuki': how one fund manager picks winners

BOSTON (Reuters) - Mitch Golden scrutinizes hedge fund managers and their investment ideas in a variety of settings from the back of a motor scooter in Ho Chi Minh City to a park bench in New York's Central Park. The lieutenant of billionaire investor David Einhorn says it gives him the sort of perspective he can't get from sitting in an office.

Deutsche Bank's wealth management arm to hire 100 client managers

(Reuters) - Deutsche Bank AG's wealth management division said on Monday it plans to hire about 100 client managers worldwide this year, as part of its efforts to win more super-rich customers, particularly in the Asia-Pacific region.

NY billionaire Charles Cohen's tips for surviving tough businesses

NEW YORK (Reuters) - Next time you are in Manhattan, take a look around, and you will see the fingerprints of Charles Cohen pretty much everywhere.

The corporate governance flaw at heart of investment management: James Saft

(Reuters) - Lousy incentives for corporate stewardship is a flaw at the heart of our system of delegated asset management.

LaSalle Investment names Brad Gries head of U.S. acquisitions

(Reuters) - Real estate investment manager LaSalle Investment Management appointed Brad Gries as head of U.S. acquisitions, effective Aug. 18.

Natixis Global Asset Management strengthens senior leadership

(Reuters) - Asset manager Natixis Global Asset Management named Oliver Bilal head of international sales and marketing responsible for Europe, Asia, Latin America and the Middle East.

Citi snags Freepoint Commodities SVP: sources

HOUSTON (Reuters) - John Haynes, a senior vice president for Freepoint Commodities, has left the trading firm for Citigroup's energy division, two sources familiar with the matter said on Monday.

Ready, set, go: Retirement advice protections are here

Starting on June 9, all financial advisers providing guidance on retirement accounts must adhere to the new U.S. Department of Labor rule requiring that they act in your best interest rather than their own.

Activist Icahn reduces stake in miner Freeport-McMoRan

TORONTO (Reuters) - Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc , the world's biggest publicly traded copper miner, to 6.33 percent as of June 6, from 7.2 percent in late November, according to a regulatory filing on Friday.