World's rich grow richer as bull markets roar on: study

ZURICH (Reuters) - The pool of money held by the world's wealthiest people grew by 12 percent last year to nearly $202 trillion as bull markets and the dollar's weakening against most major currencies boosted global fortunes, an international advisory firm's study released on Thursday said.

Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helps

BOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses.

U.S. fund investors pull nearly $10 billion from stocks in week: Lipper

NEW YORK (Reuters) - U.S. fund investors snatched $9.7 billion out of stocks during the latest week, marking the largest withdrawals since early April, according to Lipper data on Thursday.

U.S. Medicare expands offer to reverse late enrollment penalties

You sign up for an Affordable Care Act (ACA) marketplace exchange health policy sometime before you turn 65 - and then you mistakenly stay there past age 65, when by law you need to switch to Medicare. That results in costly lifetime late-enrollment penalties on your Medicare premiums.

In Natus proxy fight, Glass Lewis supports Voce nominees

BOSTON (Reuters) - Influential proxy-advisory firm Glass Lewis & Co recommended that Natus Medical Incorporated shareholders remove two company nominated directors and replace them with hedge fund Voce Capital Management's nominees.

Investors make costly mistake if they ignore fees

CHICAGO (Reuters) - Individual investors could be throwing away as much as $7 billion a year on expensive index funds that are no better than cheaper funds - without even realizing it.

Brazil watchdog fines Morgan Stanley, Royal Bank of Canada for forex manipulation

BRASILIA (Reuters) - Brazil's antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients.

Madoff customers' recovery tops 75 percent with Merkin settlement

NEW YORK (Reuters) - The court-appointed trustee liquidating Bernard Madoff's firm on Wednesday announced a $280 million settlement with one of the swindler's earliest investors, enabling customers to recoup more than 75 percent of the principal they lost.

As millennials age, more U.S. companies look ahead to Generation Z

NEW YORK (Reuters) - After a decade of focusing on the so-called millennial generation, some U.S. companies are starting to look ahead to what’s next.

Gundlach says 'excellent time' to shift into emerging markets

NEW YORK (Reuters) - The recent selloff in emerging markets has provided investment opportunities not seen in years, Jeffrey Gundlach, executive of DoubleLine Capital, said on Tuesday, and he urged moving at least some money into emerging market bonds.

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