Reuters - Money

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Monday, January 15, 2018

Hedge funds intensify bearish dollar, U.S. bond bets: McGeever

LONDON (Reuters) - The direction fast money is flowing at the start of the year could not be clearer as hedge funds and speculators ramp up their bets on a lower dollar and higher U.S. bond yields.

Fields of Gold? Jana seeks new money, allies with impact hedge fund

BOSTON (Reuters) - Wall Street investor Barry Rosenstein's new impact investing fund aimed at serving environmental and social causes could, if he plays his cards right, enhance his traditional business of pushing companies to boost earnings.

U.S. consumer watchdog official takes leadership fight to appeals court

WASHINGTON (Reuters) - An official who hopes to lead the Consumer Financial Protection Bureau on Friday took her fight to a U.S. appeals court, urging it to oust President Donald Trump's pick for the agency.

BlackRock CEO Fink shows no signs of entering bitcoin ETF race

NEW YORK (Reuters) - BlackRock Inc has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend - the race to build a bitcoin fund.

U.S. 'socially screened' funds draw second-biggest inflows ever

NEW YORK (Reuters) - U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in 2017, the category's second-biggest annual inflow ever, with managers pointing to Trump administration policies as a reason for the move.

U.S. Supreme Court takes up challenge to SEC in-house judges

(Reuters) - The U.S. Supreme Court on Friday agreed to hear a challenge to a key Securities and Exchange Commission practice -- its use of in-house judges to enforce investor protection laws -- by a former California-based radio host and investment adviser who is backed by the Trump administration.

PNC Financial fourth quarter profit more than doubles

(Reuters) - PNC Financial Services Group Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also forecast mid-single digit loan and revenue growth for 2018.

New Vanguard CEO Buckley says indexing fosters competition

BOSTON (Reuters) - Vanguard Group Inc's vast scale helps it promote efficient markets, its new chief executive said on Friday, pushing back on concerns the growth of passive index funds could reduce the pressure on corporate executives to perform.

BlackRock, Alliance Bernstein tapping more into electronic bond trading

(This January 11 story, corrects name of firm in headline, 1st, 2nd, 4th and 10th paragraphs to Alliance Bernstein from Vanguard)

German property developer Instone targets March IPO: sources

FRANKFURT (Reuters) - German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said.