Reuters - Money

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Monday, November 13, 2017

U.S. junk bond sector ends rough week on calmer note

NEW YORK (Reuters) - Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals.

The 20 percent club: hedge fund stars of an industry rebound

NEW YORK (Reuters) - A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise rebound for an often maligned pocket of Wall Street.

Multi-manager hedge funds hook investors with returns recovery

LONDON/NEW YORK (Reuters) - Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters of 2017.

Equifax warns on post-breach costs, revenue hit

(Reuters) - Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the period.

Muni market breathes 'sigh of relief' over Senate tax plan

CHICAGO/NEW YORK (Reuters) - The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt.

U.S. begins $4.05 billion Madoff fund payout, thousands to recoup losses

NEW YORK (Reuters) - The U.S. government said it has begun distributing $772.5 million from a $4.05 billion fund to compensate victims of Bernard Madoff's Ponzi scheme, ending a nearly nine-year wait for thousands of people to start recouping their losses.

Is tax reform the final straw for alimony?

(This version of the Nov 9 story removes certified financial planner from Armstrong's credentials in the 17th paragraph. He is not a registered CFP.)

U.S. fund investors snap up international stocks: Lipper

NEW YORK (Reuters) - U.S. investors favored international stock markets, pushing $4.1 billion into equity funds focused abroad during the most recent week, dodging risks at home, Lipper data showed on Thursday.

For U.S. Republicans, tax reform math hinges on cutting Medicare

CHICAGO (Reuters) - U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table - at least for now.

Investment veterans launch real estate, hospitality buyout vehicle

NEW YORK (Reuters) - The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality sectors, according to marketing materials seen by Reuters on Thursday.