Bhinneka News Online: Reuters Money: July 27, 2017

Thursday 27 July 2017

Reuters Money: July 27, 2017

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Thursday, July 27, 2017

Macro trader Fisher joins Soros as CommonWealth shuts

NEW YORK (Reuters) - Macro hedge fund firm CommonWealth Opportunity Capital GP LLC is shutting down and its leader, Adam Fisher, is set to join Soros Fund Management LLC, where he will help manage money for billionaire George Soros, according to people familiar with the situation.

Your Money: Why you need time, money to serve on a volunteer board

NEW YORK (Reuters) - For many of us, the notion of being on a board of directors seems like the pinnacle of capitalist dreams.

Lawyers for ex-Wells Fargo broker ordered to hand over client data

NEW YORK (Reuters) - A New Jersey court on Wednesday ordered lawyers for a former Wells Fargo & Co employee to hand over reams of customer information that the bank's outside counsel accidentally provided the lawyers in response to a subpoena.

Hedge fund Third Point bets on Alibaba, again

BOSTON (Reuters) - Hedge fund Third Point made a new bet on Chinese e-commerce firm Alibaba during the second quarter and told investors in a letter that it was still finding attractive new opportunities even as the stock market has surged this year.

Exclusive: Goldman Sachs retreats from ETF lead market making

NEW YORK (Reuters) - Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.

Your Money: The high price of ignoring financial advice

NEW YORK (Reuters) - People hire financial advisers with the very obvious goal of getting advice on how to handle their money. So why do investors often cut advisers out of consequential decisions?

Wall Street regulator sets sights on digital coin offerings

(Reuters) - Wall Street's main regulator said on Tuesday that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales.

FTSE Russell says most investors support voting rights for index inclusion

BOSTON (Reuters) - Index provider FTSE Russell said on Tuesday that a majority of investors it surveyed supported its suggestion that companies should offer at least some voting rights in order to be included in its stock indexes.

Wells Fargo asks court to require client information be returned

NEW YORK (Reuters) - Wells Fargo & Co has asked judges in New York and New Jersey to require a lawyer representing a former employee to immediately return reams of client information the bank mistakenly sent to the attorney, a bank spokeswoman said on Monday.

Direct lending funds' fading all-weather appeal

NEW YORK (Reuters) - Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets.