Monday 19 August 2013

Reuters Money: The income annuity puzzle: Why don't more people use them?

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08/19/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
The income annuity puzzle: Why don't more people use them?
CHICAGO (Reuters) - Economists have long argued that there's a perfect financial product for retirement: the humble immediate income annuity.
Real estate firm Re/Max Holdings files for IPO of up to $100 million
(Reuters) - Real estate company Re/Max Holdings Inc has filed with U.S. regulators to raise up to $100 million through an initial public offering of Class A common stock.
How Ackman's Herbalife bet inflamed Wall Street passions
NEW YORK (Reuters) - The origins of a vitriolic battle that has pitted billionaire hedge fund manager Bill Ackman against rivals such as Carl Icahn, Dan Loeb and George Soros can be traced back to a routine event in the world of investor activism: The unveiling in late December of Pershing Square Capital Management's bearish bet against Herbalife Ltd.
DoubleLine to launch new fund tracking Shiller index
NEW YORK (Reuters) - DoubleLine Capital LP, the investment firm run by Jeffrey Gundlach, will launch a mutual fund that seeks to outperform one of Robert Shiller's benchmark indexes, a regulatory filing showed Thursday.
Column: You only need $50K to be a hedge fund player
BOSTON (Reuters) - Investing in hedge funds or their strategies has never been easier. And the price of admission into what used to be an exclusive club has never been so low.
Speculators raise bearish bets on U.S. ten-year Treasury-note futures: CFTC
(Reuters) - Speculators increased their bearish bets on U.S. 10-year Treasury note futures in the latest week amid worries the Federal Reserve might pare its monthly bond purchases, according to Commodity Futures Trading Commission data released on Friday.
Ad technology company Rocket Fuel files for IPO
(Reuters) - Advertising technology company Rocket Fuel Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.
European stock funds gain $2.3 billion in new cash: BofA
NEW YORK (Reuters) - Investors worldwide poured $2.3 billion into European stock funds in the latest week, the most in over two years, as European stocks rose, a Bank of America Merrill Lynch Global Research report showed on Friday.
Sequoia Capital raises $1.17 billion for new funds
SAN FRANCISCO (Reuters) - Sequoia Capital, a venture-capital firm known for early-stage investments in companies such as Google Inc, has raised a total of $1.17 billion for three different funds, according to regulatory filings.
Savers are sexy: Why thriftiness can attract a partner
NEW YORK (Reuters) - In the world of dating, there is one common assumption: That a fancy car, a pricey dress, and a willingness to splurge are all things that will help you impress and snare your ideal partner.
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