Reuters - Money

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Thursday, May 4, 2017

Milken's big money investors 'grind it out' as bull market ages

NEW YORK (Reuters) - Top investment fund managers at the Milken Institute Global Conference this week said they had little choice but to focus on unusual and complicated corners of the financial markets as stock markets have risen and interest rates remain low.

Morgan Stanley drops Vanguard mutual funds

NEW YORK (Reuters) - Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm.

Are high profits here to stay?

(Reuters) - Investors betting that the high level of U.S. corporate profits will revert to the “old normal” may have a long and costly wait on their hands.

Einhorn, nursing losses on Tesla, says investors 'hypnotized' by Musk

NEW YORK (Reuters) - Hedge fund manager David Einhorn said on Wednesday that investors remain charmed by Tesla Inc Chief Executive Elon Musk, boosting the stock by 30 percent in the first quarter, even though the electric car maker's performance did not justify such gains.

First Jobs: A toast to how winemakers got their starts

NEW YORK(Reuters) - Not all of the world's most notable winemakers are to the manor born, and they are not all from France or Italy. Some took a more circuitous route to the vineyard and now toil anywhere from Napa Valley to New Zealand.

U.S. insurance profits hit by lower premiums, bad weather

NEW YORK (Reuters) - The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some of the largest players this week.

Senate votes to repeal Labor Department rule on state-run retirement plans

WASHINGTON (Reuters) - The U.S. Senate voted narrowly on Wednesday to repeal an exemption from strict federal protections that former President Barack Obama's Labor Department had given to state-sponsored retirement savings plans for lower-income workers.

Super-rich private equity stars rue 'lousy' reputation, say they are misunderstood

BEVERLY HILLS, Calif. (Reuters) - Ultra-wealthy private equity managers lamented their reputation as 'lousy' corporate profiteers at a plush Beverly Hills hotel on Tuesday, arguing their value to society was greater than the public realized.

Gundlach says U.S. dollar will stay on gentle weakening pattern

NEW YORK (Reuters) - The U.S. dollar has been and will likely continue to be on a gentle weakening pattern, Jeffrey Gundlach, chief executive at DoubleLine Capital, said on an investor webcast late on Tuesday.

Despite record highs, fund managers globally remain underweight Apple

NEW YORK (Reuters) - Active stock fund managers around the world are holding the lowest percentage of Apple Inc shares in their portfolios when compared to the iPhone maker's overall weighting in indexes, even as the shares hit record highs, according to a research note by investment bank UBS late Monday.